Despite a turbulent week for major cryptocurrency ETFs, spot Ripple (XRP) funds recorded their third consecutive week of net inflows, totaling over $22 million. In stark contrast, Bitcoin and Ethereum ETFs saw significant outflows exceeding $1.25 billion and $216 million, respectively. While the ETF products attracted capital, the price of XRP declined to a multi-month low near $1.30, failing to capitalize on the positive fund flow momentum.
Spot exchange-traded funds tracking Ripple‘s XRP saw another week of net inflows exceeding $22 million. This extended their weekly streak of gains to three and marked over three weeks without a single day of net outflows, according to SoSoValue data.
This performance defied a broader market trend where most digital asset ETFs struggled. The spot Bitcoin ETFs experienced their worst trading week since late January with over $1.25 billion in outflows.
Ethereum ETFs also saw a net withdrawal of $216 million last week. They have not recorded a single day of net inflows since May 8.
In contrast, ETFs tracking Solana gained over $15.5 million. Two funds tracking a different asset attracted more than $72 million as their underlying token reached a new all-time high.
Despite the consistent ETF inflows, the price of XRP failed to break past $1.42 last week. After a rejection at $1.55 on May 17, the asset declined alongside the broader market.
XRP’s price dropped to under $1.30, marking its lowest level in over a month and a half. This represented a 15% decline from its recent peak before a minor recovery pushed it near $1.35.
Analyst Ali Martinez noted that XRP broke out of its rising trend line on the daily chart. He predicted another nosedive to around $1.14 if the token fails to reclaim the $1.40 level soon.
