Spot XRP exchange-traded funds (ETFs) in the United States broke a nearly two-week streak of net outflows, attracting $4.64 million in a single day. The price of Ripple’s native token, XRP, experienced a notable 10% correction after being rejected at a local peak above $1.60, but positive signs emerged from renewed whale accumulation and institutional positioning.
The XRP ETF market saw its first positive net inflow in nearly two weeks, halting a negative trend that began on March 5. Data shows these funds attracted $4.64 million on Tuesday, pushing total net inflows above $1.2 billion. This development coincided with a significant price movement for the digital asset.
XRP surged to a monthly high of approximately $1.63 yesterday before facing a sharp rejection. The token’s price subsequently dropped by over 10%, bringing it down to around $1.45 at press time. Despite this correction, on-chain data from Santiment reveals substantial whale activity.
Analyst Ali Martinez stated that whales purchased an estimated 200 million XRP, worth roughly $300 million, over the past two weeks. This follows a period of dormancy among large holders and indicates renewed institutional interest. Market observers noted other bullish signals amidst the price volatility.
Data from popular analyst CW indicated that top traders on the Binance exchange were “quietly buying XRP long positions.” However, the recent price pullback demonstrates that strong fundamental metrics do not always translate directly to immediate price appreciation. The market continues to digest these mixed signals.
