XRP Slumps Near Yearly Low as Cloud Mining Platforms Attract ETH Investors

1 hour ago 1 sources neutral

Key takeaways:

  • XRP's continued underperformance amid market recovery hints at deeper ecosystem issues beyond ETF outflows.
  • ETH holders' shift to cloud mining suggests yield-seeking behavior, potentially lowering liquid supply.
  • Cloud mining platforms' high-return claims warrant caution, as unsustainable yields could lead to principal losses.

XRP continues to face selling pressure, hovering around $1.0424 – only 3.5% above its yearly low of $1.007 – as spot ETF inflows weaken and trading activity of Ripple’s RLUSD stablecoin declines. The token has significantly underperformed Bitcoin and Ethereum in recent sessions, with short‑term market caution deepening.

While XRP struggles, a new wave of cloud mining services is gaining traction among long‑term ETH holders seeking passive income. Platforms like ASDeFi and UE Crypto have rolled out free‑to‑start cloud mining contracts supporting major assets such as BTC, XRP, DOGE, ETH, LTC, and SOL. By centralizing hardware, energy, and maintenance, these platforms remove the high upfront costs and technical complexity of traditional mining.

ASDeFi, founded in 2020, offers contracts from $15 to $20,000 with daily returns that users report can reach up to $7,000 per month, while UE Crypto boasts over 150 mining farms and 6 million devices running on 100% clean energy. New users receive a sign‑up bonus (e.g., $15 or $20) and can manage earnings via mobile apps. Both platforms emphasize instant withdrawals, automated payouts, and large‑scale computing power accessible without hardware ownership.

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