XRP and Major Cryptos Lag Nine-Week Stock Rally as ETF Demand Cools
XRP joined a broad crypto pullback as equities posted their longest weekly winning streak since 2023. ETF demand cooling was cited as a contributing factor to the underperformance of major digital assets including XRP.
The S&P 500 recorded its longest weekly winning streak since 2023, while Brent crude stabilized near $92 amid US-Iran ceasefire hopes. Despite the positive macro backdrop in traditional markets, XRP and other major cryptocurrencies drifted lower over the same period.
ETF demand cooling was identified as a key factor weighing on the broader crypto market, including XRP. The divergence between equities and digital assets marks a notable decoupling from patterns seen earlier in the year when crypto and stocks moved more in step.
Among major digital assets tracked, XRP, bitcoin, ether, and dogecoin all saw negative price action during the period. The move highlights that macro tailwinds in traditional markets are not automatically translating into crypto strength at this time.
Key facts
- •S&P 500 posted its longest weekly winning streak since 2023
- •XRP lagged alongside bitcoin, ether, and dogecoin
- •ETF demand cooling cited as a contributing factor
- •Brent oil stabilized near $92 on US-Iran ceasefire hopes
- •Broader crypto market drifted lower despite positive equity backdrop