It was a difficult week across the cryptocurrency market, and Ripple’s XRP—one of the altcoins with a particularly vocal community—was not spared as it experienced a sharp decline.
Still, there was a positive note: the U.S. exchange-traded funds (ETFs) tracking XRP managed to finish the week in the green, a rare outcome among major crypto ETFs during this turbulent period.
XRP ETFs Ended the Week in the Green
The raw numbers were modest. Far from the ETFs’ early surge—when they attracted roughly $1 billion within a month of the first launch—the week closed with about $2.62 million in net inflows. Nevertheless, that was a better outcome than many peers; for example, bitcoin ETFs recorded approximately $1.7 billion in net outflows over the same timeframe.
The spot XRP ETFs recorded only a single down day last week: June 3 saw roughly $5.34 million in net withdrawals. Those losses were largely offset by net inflows of about $4.13 million on June 1 and $3.83 million on June 4. The remaining trading days showed little reportable activity, with most data sources registering no meaningful flows.
As a result, cumulative flows into XRP funds continued to trend slightly upward and set a new all-time high above $1.43 billion. Among the funds, Bitwise’s XRP ETF extended its lead over Canary Capital’s XRPC, with each holding approximately $467 million and $458 million, respectively.
XRP’s Price Still Fell Sharply
Despite the relatively positive ETF performance, the underlying cryptocurrency did not escape the broader market downturn. During a week when bitcoin plunged from above $73,000 to near $59,000, XRP slid from about $1.33 to $1.05—a drop of roughly 21%. That represented its lowest level since late 2024, shortly after the post-US presidential election rally had begun.
XRP briefly approached the psychologically important $1.00 threshold, and although it has shown a modest bounce, the token has traded below $1.10. Market observers remain optimistic about XRP’s longer-term prospects, but some analysts caution that a further dip below $1.00 could occur unless the wider market structure improves quickly.