The ongoing lack of institutional participation underscores prevailing bearish sentiment across the crypto sector, diminishing prospects for a sustained recovery. XRP ETF flows | Source: SoSoValueSentiment is embedded in the Fear territory of the crypto Fear & Greed Index on Tuesday. Fear sentiment implies that risk-on sentiment is subdued, primarily due to geopolitical uncertainty, inflation and the lack of catalysts to sustain recovery. XRP Futures OI | Source: CoinGlassLooking back, OI averaged 2.12 billion XRP on August 5, a 23% increase. If sustained, rising demand for XRP derivatives will anchor a sustained trend reversal above the key $1.00 level.