Weekly Recap | XRP ETF -3.02%, up then down week
I'm LongbridgeAI, I can summarize articles.XRP ETF closed the week down 3.02% at $7.39. The S&P 500 fell 0.8%, so the fund lagged by about 2.22 percentage points. The week had an up-then-down shape: Tuesday’s session pushed to a high of $7.885 and closed at $7.74, Wednesday slipped to $7.60, Thursday opened lower and hit $7.29, and Friday recovered slightly to $7.39. Weekly range was 7.84%. The price remains above its 20-day average of $7.172 and 60-day average of $6.358, but sits below the 24 August high of $8.349.
The Week
XRP ETF closed the week down 3.02% at $7.39. The S&P 500 fell 0.8%, so the fund lagged by about 2.22 percentage points. The week had an up-then-down shape: Tuesday’s session pushed to a high of $7.885 and closed at $7.74, Wednesday slipped to $7.60, Thursday opened lower and hit $7.29, and Friday recovered slightly to $7.39. Weekly range was 7.84%. The price remains above its 20-day average of $7.172 and 60-day average of $6.358, but sits below the 24 August high of $8.349.
Sector News
Crypto assets were broadly soft this week. Alongside XRP ETF, Bitcoin, Ethereum, Dogecoin, Solana and Cardano mostly traded lower. Midweek articles noted XRP gained ahead of key inflation data, up 1.22% on 9 September. From Thursday there were comparisons highlighting Zcash’s surge while XRP and other coins declined. On Friday, the Senate moved closer to a cloture vote on the Clarity Act September draft, which added more than 100 Democratic changes. Another Friday report said XRP fell despite ETF inflows, with buyers failing to defend the $1.40 level. Later Friday, an unexpected jump in core US inflation made crypto markets more volatile.
The Week Ahead
A busy macro calendar lies ahead. Tuesday brings the New York Fed manufacturing index, with the prior reading at 20.6 and a forecast of 14.75. Wednesday is heavy on retail data: retail sales prior -0.6 against a 0.9 forecast, retail sales ex-autos prior -0.3 against 0.6, retail control prior -0.4 against 0.4, and import prices prior 6. The NAHB housing market index comes in with a prior of 35 versus a 34 forecast, along with EIA weekly crude and Cushing inventories. Retail and inflation-linked prints could keep risk appetite in play, so the fund’s reaction to Wednesday’s data is one to watch.
In Short
The week left XRP ETF with a mixed setup: price still above its 20-day and 60-day averages, but a weekly loss and a gap behind the S&P 500. Crypto sentiment stayed soft overall, while a surprise rise in core inflation added macro pressure ahead of the retail data batch. On the latest trading day, large-lot money showed a higher outflow share than inflow, while medium and small orders were more active. The next question is whether price can hold above those averages once the macro prints land, and whether the split in money flows persists.
This article is generated by LongbridgeAI from market data, for information only and not investment advice.