While cryptocurrency exchange-traded funds face widespread outflows, spot XRP funds have defied the trend by attracting fresh capital. Data shows these financial vehicles saw net inflows exceeding $10 million over the past week. The cumulative total has reached a new all-time high of over $1.44 billion, even as the price of the underlying asset struggles to hold key support levels.
Spot XRP exchange-traded funds continued to attract capital despite a broader downturn in the crypto ETF market. Data from SoSoValue shows these funds attracted approximately $10.7 million in net inflows across three days last week.
This positive streak extends back to June 3, with no single day recording outflows. Consequently, cumulative net inflows have reached a new record high surpassing $1.44 billion.
The performance contrasts sharply with other major cryptocurrency funds. Spot Bitcoin ETFs extended a negative streak with another $315 million in outflows last week.
Spot Ethereum funds also saw nearly $15 million exit despite a strong Monday. Even Solana ETFs were in the red for a second consecutive week.
Meanwhile, the price of XRP has remained volatile but above a key psychological level. The token plunged to $1.05 earlier this month but has since recovered to approximately $1.15.
Analysts, however, are not convinced the worst is over. Ali Martinez recently outlined the potential price bottoms for BTC, ETH, and XRP, indicating that Ripple’s asset could tank to a new low of somewhere between $0.70 and $0.90.
Nevertheless, such a potential dip could present a buying opportunity based on some projections. Martinez and EGRAG CRYPTO envision a massive bounce toward new peaks of $7.00-$8.00 or even higher.
