ETFs backed by XRP have just recorded their highest weekly collection since mid-January. In a few days, flows significantly accelerated, accompanied by a rebound in price. This return of institutional capital puts XRP back under scrutiny. It remains to be seen whether this movement reflects a simple one-off revival of interest or the start of a lasting dynamic.
In brief
- XRP ETFs record their strongest inflows since mid-January, marking a notable return of institutional capital.
- Outstandings now exceed $1.08 billion, with flows concentrated on a few major products.
- This dynamic is accompanied by an increase in the price of XRP, illustrating a direct correlation between ETF and market flows.
- The evolution of flows into ETFs could determine whether or not XRP's upward movement continues.
XRP ETFs See Massive Capital Return
Spot XRP ETFs attracted $41.64 million in just four days, marking their highest weekly collection since mid-January. This renewed interest marks a clear acceleration of institutional flows into the asset, in a context where investment products linked to cryptos remain closely monitored by the markets. This dynamic comes after several calmer weeks, indicating a strategic repositioning of investors.
Overall outstandings confirm this trend. XRP ETFs now total $1.08 billion in assets, crossing a symbolic threshold for this still recent segment. On April 15, a single session attracted $17.11 million in entries, the highest daily level since early February. This rise in power is also observed in the distribution of flows between the main products :
- Bitwise XRP ETF (XRPP): $17.95 million in inflows, with $313.69 million in assets;
- Franklin XRP ETF (XRPZ): $16.56 million in inflows, for $252.82 million in assets;
- Total XRP ETF assets: $1.08 billion.
At the same time, the market reacted with an increase of 9.24% over the week, bringing XRP to around $1.48 for a capitalization of $91.1 billion. This development reveals a direct correlation between capital inflows via ETFs and price dynamics, against the backdrop of a more favorable macroeconomic environment for risky assets.
A market under tension between adoption and technical imbalances
Beyond financial flows, XRP benefits from an evolving fundamental context. The network is seeing growing adoption, with more than 8.1 million addresses, an all-time high. This dynamic fits into a phase where XRP is outperforming some of the large caps on the market, supported by reinforced institutional demand. The $1.50 threshold now appears to be a key resistance zone monitored by operators.
At the same time, market data shows a positioning that is still largely oriented downwards. Negative financing rates reflect a dominance of short positions. Such a configuration is reminiscent of a previous episode where XRP then increased by 127%. This imbalance fuels the hypothesis of a short squeeze, with certain scenarios suggesting a potential movement towards $1.80 if buying pressure continues.
This combination of institutional inflows, network adoption and technical imbalances places XRP in a pivotal zone. If flows into ETFs continue, they could support an extension of the upward movement. Conversely, a slowdown in these inflows would call into question the strength of the current recovery.
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