XRP-linked exchange-traded funds continue to attract investor interest even as the wider cryptocurrency market weakens.
Recent data shows XRP ETF investors purchased $1.77 million worth of XRP yesterday, bringing total net assets under management for these funds to approximately $1.12 billion.
XRP Funds Hold Up While Other ETFs See Outflows
The latest inflow into XRP ETFs comes at a time when Bitcoin and Ethereum products are experiencing renewed withdrawals. Investors appear to be reducing exposure to higher-risk crypto assets amid the broader market downturn. According to SoSoValue, U.S. spot BTC ETFs logged $228 million in outflows while ETH products saw $121 million leave.
By comparison, the $1.77 million inflow into XRP ETFs is modest, but its direction is notable. It suggests that some ETF investors are still accumulating exposure to Ripple’s native token even as capital departs from BTC and ETH products.
However, these inflows have not been sufficient to reverse XRP’s recent downward price trend, even though there are some encouraging signs of demand.
XRP Shows a Small Price Rebound
Today XRP is trading modestly higher, up around 2%, but the bounce has not fully offset recent bearish pressure.
As reported earlier by CryptoPotato, XRP recently slid to its lowest levels since March and is eyeing $1.20 as a key support area.
Technical indicators have been unfavorable over the past week. XRP dropped below its 100-day moving average, which is now acting as significant resistance near $1.40, while the 200-day moving average sits higher, around $1.60.
A decisive break below $1.20 could leave the market vulnerable to a deeper decline, potentially toward the $0.60 area.
In summary, ETF demand for XRP remains a positive signal, but price momentum is still tilted toward the downside. Reclaiming the 100-day EMA near $1.40 would be an important first step toward stabilizing the price action.