During a turbulent and painful week for many exchange-traded funds linked to the largest digital assets, ETFs tracking XRP stood out by posting consistent gains.
However, the underlying asset itself failed to mount a sustained breakout and even fell to a multi-week low before recovering slightly today.
Ripple ETFs Defy the Market Trend
Over the past business week, spot XRP ETFs recorded net inflows totaling just over $22 million. That extended a streak of weekly inflows that began in May, marking a third consecutive week of positive net flows. According to SoSoValue data, the last day the funds experienced a net outflow was April 30.
While $22 million may appear modest compared with some earlier Ripple ETF inflows, it is notable because it occurred during a week when funds tracking Bitcoin and Ethereum experienced substantial withdrawals. Spot Bitcoin ETFs endured their worst trading week since late January, losing more than $1.25 billion in outflows. At the same time, Ethereum ETFs posted a net withdrawal of $216 million, slightly below the prior week’s $255 million. In fact, ETH ETFs have not posted a single net inflow day since May 8.
By contrast, ETFs tracking Solana attracted over $15.5 million, and the two HYPE funds drew in more than $72 million as their underlying asset surged to a new all-time high slightly above $63.
XRP Price Struggles Despite ETF Strength
Although spot XRP ETFs saw only green over the past week, XRP’s market price could not overcome resistance near $1.42. After being rejected at around $1.55 last week, the token declined to start the new business week near $1.42. It continued downward with the broader market and ultimately plunged below $1.30 yesterday, marking its weakest level in more than six weeks.
That drop represented roughly a 15% decline from the May 17 peak near $1.55. In the last 24 hours, XRP recovered somewhat—likely influenced by positive developments in the US-Iran situation—and currently trades near $1.35.
Analyst Ali Martinez cautioned that XRP has broken below the rising trend line of a symmetrical triangle on the daily chart. He warned that, if the token fails to reclaim the $1.40 level soon, it could face further downside toward approximately $1.14.