The Fractal Silence Beneath XRP’s Regulatory Victory Lap

Last week, a quiet rupture appeared in the otherwise seamless narrative of XRP’s institutional adoption. After months of relentless net inflows into spot ETFs, the channel flipped: $7 million flowed out in a single week. The number itself is trivial against a market cap north of $100 billion, but direction changes are the cracks where underlying structure reveals itself. The market, as usual, was too busy cheering the EU CASP license to notice.