XRP-focused exchange-traded funds (ETFs) recorded a $1.77 million inflow yesterday, defying a broader market downturn. Total net assets for these funds now stand at approximately $1.12 billion. This positive movement contrasts with significant outflows from Bitcoin and Ethereum ETF products, according to recent data.
XRP-linked exchange-traded funds continue to attract investor demand despite the broader crypto market downturn. The latest data shows that XRP ETF clients bought $1.77 million in XRP yesterday.
This brings the total net assets for these products to about $1.12 billion. The fresh XRP inflow comes at a moment when Bitcoin and Ethereum products have been hit by renewed outflows.
Investors seem to be pulling back from riskier assets amid a broader crypto market downturn. Data from SoSoValue shows that US BTC spot ETFs recorded $228 million in outflows, while ETH products lost $121 million.
Against that backdrop, XRP’s $1.77 million inflow might seem modest in size, but it could be interpreted as notable in direction. It indicates that some ETF investors continue to accumulate exposure to Ripple’s native cryptocurrency despite capital exiting BTC and ETH products.
Of course, the inflow has been far from enough to reverse XRP’s weakening price action, although positive signs appear. XRP is showing a modest rebound today, with the token trading around 2% higher.
That said, the move has not fully erased the recent bearish pressure. XRP recently slipped towards its lowest levels since March, eyeing $1.20 as the next major support zone.
Technical pressure has also been intense throughout the past week. XRP fell below its 100-day moving average, which is currently treated as considerable resistance at $1.4.
The 200-day moving average remains higher around $1.6. A breakdown below $1.2 could open the door to a much deeper decline, potentially toward the zone around $0.60.
And yet, the contrast seems clear: ETF demand remains positive, but price momentum is still bearish. The first step to stabilizing the PA would be to reclaim the 100-day EMA at $1.4.
