XRP has corrected to under $1.35, influenced by a broader crypto market retreat where Bitcoin fell below $63,000. Data indicates a significant slowdown in investor inflows into U.S. spot Ripple ETFs, with multiple recent trading days showing zero net new investment. Despite the price decline, some analysts point to bullish signals in XRP’s trading pair against Bitcoin and emphasize its position as a utility-focused token.
The cryptocurrency market retreated at the start of the week, with Bitcoin dropping to a new local low under $63,000. Most altcoins followed, including Ripple‘s XRP, which corrected by 4.5% to $1.33 amid a sector-wide loss of over $150 billion in market capitalization. Another potential factor is the stalled activity in spot XRP exchange-traded funds (ETFs).
Data from SoSoValue shows U.S. spot Ripple ETFs have seen no reportable net inflows on three of the last five trading days. Cumulative net inflows have remained flat at $1.23 billion since the products launched in mid-November, a stark contrast to their initial rapid growth. This decline in investor participation coincides with XRP’s price struggling to hold above $1.30.
Analyst CryptoWZRD concluded the asset closed bearishly. They noted, however, that the XRP/BTC trading pair “printed bullish,” which could signal future gains against Bitcoin. Another trader, Merlijn The Trader, highlighted XRP was “holding structure while alts bleed” before it broke the $1.36 support level.
Merlijn The Trader stated XRP is trading more like an infrastructure token than a speculative altcoin. “We are talking about payments, tokenization, on-chain settlement rails, and growing real-world activity on XRP,” he said. The token’s weekly decline is 8%, while its monthly loss is approximately 30%.
