Ripple (XRP) v Cardano (ADA): How Crypto Market Crash Affected Inflows

11 Jun, 2024 Updated 23 Jun, 2025

By David Pokima

Crypto Journalist

Expertise : Finance/Crypto Journalist

David is a finance news contributor with 4 years of experience in Blockchain Technology and Cryptocurrencies. He is interested in learning about emerging technologies and has an eye for breaking news. Staying updated with trends, David reported in several niches including regulation, partnerships, crypto assets, stocks, NFTs, etc. Away from the financial markets, David goes cycling and horse riding.

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The crypto market recorded outflows in the last 48 hours with top assets like Ripple and Cardano showing similar numbers before a rebound. Wider crypto assets traded sideways last weekend and into this week wiping out previous gains. At press time the crypto market capitalization stands at $2.7 trillion, down 0.2% in the last 24 hours with volumes also falling to $71.5 billion.

While Bitcoin attempted a faster recovery, altcoins posted wider outflows. Ripple’s figures extended outflows amid the previous bearish trend. The asset’s sideways trading sparked conversations on the impact of regulatory challenges with the Securities and Exchange Commission (SEC) on the asset’s price.

Ripple Posts Wider Weekly Losses

Ripple price is slightly in the red zone with a 24-hour decline of 0.1%. This extended weekly figures to 4.1% as its bearish sentiments continue. This month XRP has seen a 1% drop affected by the wider crypto market plunge. While trading volumes pick up midday, Ripple still projects a run to end the year.

The market capitalization of XRP dropped to $27.5 billion while volumes stood at $1 billion. Trading at $0.496, Ripple is 87% behind its all-time high of $3 in 2018 but bulls continue to ignite around the price tapping $1 in the next market run. Regulatory hurdles also limited inflows leading to a weakened sentiment despite recent partnerships.

This year, Ripple announced partnerships with traditional financial institutions to broaden cross-border payments. This month, the company entered an agreement with Clear Junction to boost UK and EU cross-border payments.

Cardano Attempts Breakout

Unlike Ripple, Cardano recorded fewer outflows in the last 24 hours. The community dubbed ETH-killer is down 0.2% today recording a 3% weekly outflow. Hourly trading shows the asset slightly broke into the green zone before a slight correction. ADA exchanges hands at $0.4489 with a market capitalization of $15.5 billion. The asset saw an increase in daily volumes above $433 million with bulls anticipating higher flows should the market rebound.

Also Read: 4 Cryptos To Have For Long-Term Gains In 2024

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.