XRP Defies Market Slump with Record Institutional Inflows

XRP ETPs attract massive European inflows despite a 6-month price decline. Institutional interest surges after US commodity classification, while Senate bill could unlock major ETF investment.

A stark divergence is unfolding in the crypto market. While major assets like Bitcoin and Ethereum grapple with net outflows, XRP is attracting hundreds of millions in institutional capital. This surge comes despite the token's price languishing near multi-month lows, creating a complex puzzle for investors.

The data is compelling. In the week ending April 10th, XRP-based exchange-traded products (ETPs) pulled in a dominant $119.6 million. This accounted for more than half of the entire digital asset sector's weekly inflows of $224 million. The demand is overwhelmingly European, with Switzerland showing particularly strong interest in crypto ETPs. Notably, the five US-listed spot XRP ETFs—from Canary, Bitwise, Franklin, 21Shares, and Grayscale—contributed almost nothing to these flows, with their daily activity near zero. The total net assets managed by these US products stand at approximately $940 million.

This institutional vote of confidence exists alongside persistent price weakness. XRP has fallen for six consecutive months, its longest losing streak in over a decade. It currently trades around $1.34, down roughly 28% year-to-date and about 62% below its cycle peak of $3.65 from July 2025. The token has failed three times since March to break through the $1.35 resistance level. The cumulative effect has been a decline in the total assets under management for XRP ETFs to around $947 million, even as over a billion dollars has flowed into these instruments historically.

Regulatory developments are a key driver behind the institutional interest. In mid-March, US authorities the SEC and CFTC officially classified XRP as a digital commodity, ending years of legal ambiguity. All eyes are now on the CLARITY Act. A preliminary roundtable in the US Senate is scheduled for April 16th, which could provide early signals. If the Senate Banking Committee completes the markup step by the end of April, XRP would gain a permanent federal commodity classification, potentially unlocking significant institutional ETF investment. Failure to advance the bill past May could see it stalled by midterm politics for the rest of the year.

Analysts are adjusting their models in this mixed environment. Geoffrey Kendrick, an analyst at Standard Chartered Bank, significantly reduced his 2026 price target for XRP from $8 to $2.80, marking the bank's largest cut across all its crypto forecasts. He maintains this $2.80 target through the end of 2026. His longer-term outlook remains bullish, with a target of $12.60 for 2028 and $28 for 2030. Kendrick notes that whale accumulation is at a 10-month high, an indicator he views as a potential sign of a trend reversal.

Beyond investment products, strategic ecosystem moves are providing foundational support. Evernorth, a company led by former Ripple executives, has reportedly acquired approximately 473 million XRP for its own treasury. This represents about half a percent of the token's total circulating supply. The firm is currently pursuing a Nasdaq listing under the ticker XRPN.

Simultaneously, Ripple is expanding its own infrastructure. Following a period of intense token burns, the company issued nearly 12 million new units of its stablecoin, RLUSD, to bolster its liquidity on the Ethereum network. This brings the stablecoin's active circulating supply to $1.49 billion as it gains integration on major trading platforms. Furthermore, Ripple has launched new functions within its corporate treasury platform: Digital Asset Accounts and Unified Treasury. Available from April 2026, these tools allow CFOs to manage fiat and digital assets—including XRP and RLUSD—in a single system, eliminating the need for separate platforms. This builds on Ripple's 2025 acquisition of GTreasury, a platform that processed $13 trillion in payments that year. A Ripple survey of over 1,000 global finance leaders found 72% see a digital asset solution as a competitive necessity but struggle with integration, a gap the new platform aims to fill. Planned future features include cross-border settlement and 24/7 yield on liquid funds via overnight repo.