$XRP’s price can potentially benefit from additional buying pressure from crypto index funds, a falconxnetwork report said. sndr_krisztian reports
, which enjoyed sizable rallies last Thursday, completely reversed to the levels where they traded prior to the XRP ruling. MATIC and SOL are now down 5% over the week, while ADA dropped 2%.
While the rush to purchase XRP could well be mostly behind us, Lawant said, digital asset funds adding the token to their holdings could represent some buying pressure boosting its price.“XRP has a market capitalization of more than 3.5x of ADA and SOL, typically the largest constituents outside of BTC and ETH, with a weight of little over 1%,” said Lawant. “If XRP is included in the underlying indexes, the asset could represent 4-5% of the composition of the top broad crypto indexes.
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