The post Did XRP Market Cap Surge 647x from Just $17M in Netflow? Here’s What We Know appeared on BitcoinEthereumNews.com.

As XRP recovers from last week’s dip, analysts are examining the significance of the small inflow that pushed XRP’s price back up. Notably, XRP dropped to $2.0647 last week, marking a 9.4% dip from the $2.281 it traded at earlier in the week. The dip coincided with the feud between billionaire Elon Musk and U.S. President Donald Trump, which led to a massive decline in Tesla’s stock. The controversy spilled into the crypto space due to both individuals’ associations with cryptocurrencies. Meanwhile, at press time, XRP is trading at $2.23, having fully recovered from last week’s dip. Now, market watchers within the XRP community are tracking the inflows that preceded this rebound. XRP Records $18.6M Netflow, Price Jumps Community figure Chad Steingraber highlighted the inflow metric in a tweet. He noted that XRP bounced from $2.08 to $2.17 on June 6 following a net inflow of just $18.6 million. Notably, this move added $10 billion to its full market cap. The inflow-to-market cap multiplier is approximately 538x, meaning every $1 of net inflow increased XRP’s market cap by about $538. Commenting on this, XRP influencer Zach Rector stated that the figures show it takes very little inflow to push XRP’s price significantly higher. He added that market participants might regret not buying XRP at $2 if price surges become consistent due to further inflows. 647x Growth Multiplier However, in a follow-up post on June 8, Steingraber pointed out that XRP soared from $2.17 to $2.28 on just $17 million in net inflows. This translates to an $11 billion increase in XRP’s market cap, based on the full 100 billion supply, on June 7. Here, the multiplier is approximately 647x, meaning every $1 of net inflow increased XRP’s market cap by about $647 during that move. However, XRP ended the same…

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Filed under: News - @ June 9, 2025 9:22 pm