XRP was on a wild ride in August. The token hit $3.66 back then, riding a wave of optimism that had traders excited about altcoins again. Institutions were buying, retail was jumping back in, and everything looked bullish. Then reality hit. Profit-takers showed up first, locking in gains after the August peak. Trading volume started dropping off, the broader crypto market lost steam, and XRP couldn't hold the highs.
Institutional interest in ETH has surged recently, driven by record-breaking ETF inflows and corporate treasury adoption. US-based spot Ethereum ETFs have seen unprecedented demand, with single-day inflows reaching a record $1.02 billion on Aug. 11 and cumulative net inflows exceeding $13.7 billion since their July 2024 launch. These investment products continue to attract capital, drawing $39.1 million in net inflows on Thursday.
