Decoding the Shift: Ripple LOSING Institutional Interest to Solana and Polkadot
Friday, 5 April 2024, 23:30
Ripple Loses Institutional Interest
XRP price over the past year was largely affected by institutional investment. However, Ripple is currently losing appeal to institutions, as funds are moving towards other altcoins like Polkadot and Solana.
Crypto Institutional Inflows
Polkadot and Solana are witnessing higher institutional inflows compared to XRP. DOT received $13.6 million in March, while SOL saw $24.9 million inflow as XRP lagged at $3.8 million.
- RSI and MACD indicators suggest a bearish trend for XRP, with the threat of a death cross looming on the horizon.
- Price predictions indicate a potential drop to $0.54 if XRP fails to secure $0.58 as support.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.