XRP Takes The Lead As Bitcoin’s $80K Reclaim Hits A Liquidity Wall – Glassnode Flags 30% Drop In Spot Momentum

• XRP rose about 3.8% to around $1.44 on Wednesday, outpacing Bitcoin, Ethereum, and Solana. 

• Spot XRP ETFs drew about $1.55 million in inflows on Tuesday, while Bitcoin, Ethereum, and Solana products saw net outflows, according to SoSoValue. 

• Bitcoin traded near $79,000, still below the $80,000 level it lost on September 5 after August payrolls tripled forecasts. 

Ripple's XRP (XRP) outperformed major cryptocurrencies on Wednesday as Bitcoin (BTC) attempted to claim the $80,000 level after spending much of the past several sessions trapped below it. The performance contrasted with gains of about 1% for Bitcoin, 1.4% for Ethereum (ETH), and less than 2% for Solana (SOL), while XRP was up nearly 3%.

XRP's price was trading around $1.44 at the time of writing. On Stocktwits, the retail sentiment around XRP remained in the 'bearish' zone, with chatter levels staying at 'low' levels over the past 24 hours. 

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Why Is XRP Rallying?

The relative strength also coincided with the bifurcation of U.S. crypto ETF flows. Spot XRP ETFs saw inflows of about $1.55 million on Tuesday, while Bitcoin saw $46.65M in outflows, followed by Ethereum's outflow of $24 million, and Solana products posting a net outflow of $667.72K, according to SoSoValue data.