Key facts
- XRP price stabilized above $1.10.
- XRP reached a four-month low near $1.09.
- Over 25 million XRP tokens left exchanges in May.
- XRP-related ETFs recorded $118 million in inflows during May.
XRP has shown signs of stabilization, trading above the $1.10 mark after recently touching four-month lows around $1.09. This price action occurred amidst significant token movements, with over 25 million XRP tokens being withdrawn from cryptocurrency exchanges during May. Concurrently, XRP-related Exchange Traded Funds (ETFs) experienced substantial inflows, totaling $118 million for the month.