XRP's Mixed Signals: $1.48 Billion in ETF Inflows Meet a Market in Retreat

Despite a broader crypto rout and XRP price dropping 16% in June, XRP ETFs attracted $1.47B over eight weeks. Regulatory delays, supply unlocks, and network growth shape the outlook.

While bitcoin and ethereum ETFs have hemorrhaged capital in recent weeks — with over $4 billion and $529 million in outflows respectively — XRP exchange-traded funds have quietly bucked the trend. For eight consecutive weeks, spot XRP ETFs have attracted net new money, pulling in roughly $1.47 billion by the end of June. In the past month alone, nearly $60 million flowed in. The divergence has caught the attention of institutional desk traders, who see the token being accumulated during a broad crypto rout rather than dumped.

Yet the price itself tells a more complicated story. XRP changed hands at $1.08 on the latest session, up 4.18% on the day but down 16.43% over the past 30 days. Positive headlines have had little immediate impact. Most recently, Ripple joined the Open USD coalition, a dollar-stablecoin initiative backed by more than 140 companies including Visa, Mastercard, Stripe and BlackRock. The move positions Ripple as a payments infrastructure provider for institutional clients, but the token barely budged on the news.

The price slide began in June. XRP entered the month near $1.30 and drifted lower almost without interruption, touching $1.009 on June 26 — its lowest level since November 2024. That level also marks the token’s 52-week low. At $1.08, XRP now trades 70.36% below its year-ago peak of $3.65, set on July 19, 2025. The 200-day moving average sits at $1.49, a full 27.58% above current prices. The correction mirrors a broader market sell-off: bitcoin slipped under $59,000, and ethereum, solana, and BNB all declined in tandem.

On the regulatory front, progress continues but has failed to generate lasting momentum. Several US exchanges, led by Coinbase, have fully lifted previous trading restrictions on XRP after Ripple satisfied its settlement obligations. The CLARITY Act, however, remains a wild card. Originally targeted for a July 4 vote, the legislation has been delayed as the Senate returns from recess on July 13 with a defense budget bill taking priority. A vote is now expected in late July or August. Market participants doubt that even a surprise passage would spark more than a fleeting relief rally while macro sentiment remains fragile.

Supply dynamics also injected fresh tokens. Ripple executed its routine monthly release from escrow, unlocking one billion XRP. As per its standard practice, the company immediately re-locked the majority, leaving just 250 million new tokens to enter free circulation. Roughly 38 billion XRP remain in the escrow accounts, which at the current pace provides a cushion for about nine more years.

Under the surface, network fundamentals show signs of life. The XRP Ledger recorded nearly 5,000 new wallet creations in a single day — the strongest daily growth in three months. Meanwhile, addresses holding at least 10,000 XRP reached a new all-time high, and balances on exchanges have been steadily declining as investors move tokens into long-term storage.

Speculative froth, by contrast, has evaporated. Open interest in XRP futures and options collapsed from $1.3 billion to under $150 million, a sign that leveraged traders have been flushed out. The relative strength index hovered near 41.6 — some technical readings put it as low as 37 — suggesting the market is no longer overbought but not yet deeply oversold. Annualized volatility stands at 43.25%, leaving little room for quiet price action.

From a chart perspective, two thresholds matter. XRP must reclaim the $1.18–$1.20 zone to improve the technical picture. A sustained break below the psychological $1.00 handle would open the door to a test of the $0.80 region. The first near-term resistance sits at $1.08, where the token currently trades.

Even the ETF tailwind has shown signs of cooling. On June 30 — quarter-end — spot XRP funds posted their first net outflow in weeks. Cumulative inflows remain healthy at $1.48 billion, but the shift suggests that institutional buying, while resilient, is not immune to the broader risk-off mood.