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XRP Sees Increased Demand and Inflows Despite Short-Term Sell Pressure and Legal Battle Uncertainty

June 20 (Cointime) - XRP saw increased demand as investors turned to altcoins, with over $1 million added to XRP positions. This was reflected in XRP's price action, which saw an 8.8% upside to $0.49.

However, on-chain metrics suggest a lack of investor confidence and short-term profit-taking, with addresses holding over 100 million XRPs offloading some of their coins.

XRP's performance still depends on the outcome of the SEC-Ripple legal battle, and while things were leaning in Ripple's favor at the time of the report, the final decision was yet to be made.

XRP XRP $0.52
-0.13%
XRP Ripple
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