Ripple Cryptocurrency News XRP Price Update Amid ETF Inflows And Fed Jitters

The global cryptocurrency markets started the session on the back foot as the overall mood in the market turned to the risk-off side. In this wave of news about cryptocurrencies, XRP had a tough time keeping its levels despite the good news around ETF inflows.The market participants were very careful since the uncertainty over the Federal Reserve’s actions was larger than the optimism coming from the institutions. The price of XRP is telling us that the market is being held back by the fear of a negative macroeconomic scenario, and at the same time by the hopes of those positive structural changes.According to the most recent XRP price update, the coin closed at $2.1083 after a lightning-fast fall of 4.94% in a single trading day. The sell-off was triggered by the increasing supply of fears over US economic data delays, and the changing expectations around Fed policy.The odds for a cut in the December meeting dropped from 50.1% to 32.8%, which in turn created a wider risk-off attitude. Investors have withdrawn their money from high-volatility assets such as cryptocurrencies, which has also made it hard for XRP. The mining of short-term negative sentiment directly impacted the analysis of XRP’s market.Although altcoins usually have a strong response to the flow of liquidity, XRP underwent further pressure due to the weakening of retail interest, which was coupled with the taking of profits near the resistance levels.The ripple cryptocurrency news cycle is a clear reflection of the market’s major contradiction. Although the price action was not strong, one of the XRP-linked spot products, XRPC, saw net inflows of about US$13 million in just one day.This indicated that the institutions were getting aware of XRP and starting to consider it as an investment asset. Nevertheless, the inflow was not sufficient to counterbalance the macroeconomic pressure coming from all directions. Currently, in the XRP market analysis, ETF developments keep on being a medium-term catalyst, not a short-term driver.

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