Bitrue Researcher Andri Fauzan Adziima said this 'quiet accumulation' signals institutional confidence in XRP.
In the race to determine whether XRP can mount a real rally toward the $10 level next year, one market expert, Sam Daodu, argues that the answer depends less on hype and more on whether two major forces finally line up. Daodu says nearly every serious XRP price forecast for 2027 relies on the same prerequisites: US regulation has to be clarified, and institutional capital has to begin flowing in at a meaningful scale. Without both, the upside case becomes harder to justify, even if parts of the story are already moving in the right direction. Mixed Progress For XRP Price Daodu’s latest report stresses that, at the moment, neither prerequisite is fully in place. He points to continuing regulatory uncertainty as the key blocker for institutions. In his view, the currently stalled CLARITY Act is the legislation that could change the price dynamics by permanently establishing XRP’s position as a digital commodity—an outcome that, if it materializes, would likely remove a major share of the risk institutions are still pricing in. Related Reading: Bitcoin Is Headed For $40,000: Analyst Reveals The Best Time To Buy BTC That said, the report frames the situation as a “mixed progress” scenario rather than a clear-cut bull market versus bear market. On the positive side, several catalysts connected to a potential rally are already showing up. Exchange-traded fund (ETF) inflows, for instance, have reportedly remained positive without a single outflow day since April 9. Daodu treats that steady demand as an important signal that market participation is still present. Beyond ETF flow data, Daodu highlights on-chain activity as another supportive element. According to the report, whales have been withdrawing roughly 7 billion XRP from exchanges since February, and large holders appear to be driving a significant portion of those movements. Even with these bullish indicators, Daodu argues they aren’t arriving with the speed or scale that the $5–$10 outlook depends on. He emphasizes that institutional money—described as essential to those higher targets—still hasn’t shown up at the level required to match an “instant” re-rating of XRP. Why The Next 60 Days Are Key To reach above $10, the report argues XRP would need a rare alignment of several events. Daodu says the CLARITY Act would have to pass, ETF inflows would need to scale toward the $4–$8 billion range, and Bitcoin (BTC) would have to lead a wider rally that accelerates demand across the altcoin complex. In short, pushing XRP toward $10 is not framed as the most likely path; it’s presented as a scenario that requires multiple catalysts to land correctly at the right time. Related Reading: Dogecoin Trap Shows A Major Crash, But How Low Will The Price Go? Daodu concludes with what he believes XRP holders should monitor over the next 60 days: the Senate Banking Committee markup before May 21. In his view, this is a key near-term checkpoint. If the markup clears, the bull case remains intact, and $7 becomes a more realistic anchor price for the market’s expectations. If, however, the process stalls in May, the report suggests the outcome could be pushed out and possibly delayed until 2027. In that event, regulatory delay could cap XRP’s price at around $3 for much of that year—unless Bitcoin triggers another explosive run. Featured image from OpenArt, chart from TradingView.com
XRP ETFs have shifted sharply after a shaky start to the year, and the change is evident in both flows and the market. Following a troubling first quarter, funds have recorded strong, sustained inflows that helped push the altcoin above the $1.40 level. XRP ETFs Hit Best Week Of 2026 Market expert Sam Daodu, writing for 24/7 Wall St., reported that XRP ETFs brought in $55.39 million during the week ending April 17, which he described as the best weekly performance of 2026 to date. On April 20, the funds added another $3 million. Just as important for sentiment, there have been no outflows since April 9. Daodu noted that this is the first stretch of uninterrupted, sustained buying XRP ETFs that they have put together throughout the year. Related Reading: Bitcoin Watch: All Eyes On $86,000—What Could Fuel The Next Bullish Breakout In the months leading up to April, XRP ETFs were bleeding assets. Their assets under management peaked above $1.5 billion in January, but that figure slipped below $950 million by March as outflows intensified. This time around, Daodu emphasized that inflows have been steadier—arriving day after day rather than in sporadic bursts—suggesting a more durable shift in investor behavior. Within the competitive lineup of XRP products, the cumulative inflow lead still belongs to Canary Capital, which holds $421.86 million in net inflows across the suite. However, Daodu said that the lead has narrowed. In April, Canary has logged zero net inflows on most trading days, while Bitwise and Franklin Templeton have been adding nearly every day. Bitwise’s cumulative inflows now stand at $419.17 million, leaving it just $2.69 million behind Canary and giving it a clear opportunity to take the top spot this week. Franklin Templeton’s XRPZ trails in third place, consistently close behind Bitwise throughout the April run. In Daodu’s framing, Bitwise and Franklin have absorbed nearly all of April’s inflows, while the rest of the XRP ETF sector has been flat or negative. The Key Catalyst Missing Daodu also pointed to a key catalyst that could determine whether this positive momentum continues. The likelihood of follow-through for XRP ETFs, according to the expert, is tied largely to US regulatory clarity—specifically, the CLARITY Act. The bill is facing a tight May deadline after missing its April markup window. Senator Thom Tillis has urged Senate Banking Chair Tim Scott to delay the markup to May, and timing matters because the legislation would need to clear the committee before the Senate’s May 21 recess. Related Reading: CEO Calls CLARITY Act ‘Horrible Bill,’ Warns Of Prolonged Crypto Bear Market Ahead If it doesn’t, Daodu suggested that the anticipated crypto market structure framework could be delayed indefinitely. The CLARITY Act is expected to permanently and officially classify XRP as a digital commodity. That classification is not just a theoretical legal detail—it’s seen as the missing piece that could reduce uncertainty for institutions. A Coinbase survey cited in the report found that 65% of institutional investors are waiting for that exact type of clarity before committing meaningful capital to XRP. As of this writing, the altcoin is consolidating at around $1.43, having gained 2% and almost 8% over the last seven and fourteen days, respectively. Featured image from OpenArt, chart from TradingView.com
XRP has been moving with the broader crypto market, pushing up to important support levels and climbing to the top of its recent consolidation range near $1.36. That rebound has reignited bullish speculation around the altcoin, and now one analyst is laying out a much more ambitious scenario—one that, if it unfolds, could translate into a roughly 1,100% rally from current levels. New XRP Price Target At $16.39 In a report published by 24/7 Wall St., market analyst Javon Marks said he has a fresh chart-based target for XRP that sits just under $17. Marks is also the analyst credited with calling XRP’s move from $0.56 to $2.47 in January 2024, months before that rally actually happened. The new thesis, according to the report, is built around a long-running technical structure: a pennant pattern that began forming in 2017 and later broke out in late 2024. Related Reading: WLFI Crashes 13% To All-Time Lows Amid Growing Liquidation Fears For World Liberty Financial Marks’ framework starts with the earlier 2017 phase. The report notes that XRP rose from $0.006 to $3.31 in 2017 in one of the largest rallies in its history. After that burst, the token fell sharply and then spent about seven years consolidating inside the pennant structure described by the analyst. The long wait appears to have ended during the post-election crypto rally: in late 2024, XRP broke out of the pennant, jumping from $0.49 to above $3.60 by mid-2025. From there, Marks says he uses a “measured move” method. This approach takes the size of the original rally that created the pennant setup and projects that distance forward from the later breakout point. Under that method, the analysis points to $16.39—just under the nearly $17 level that Marks posted on April 8. The report also emphasizes that the measured move is not expected to be a straight line, as pullbacks are part of the pattern. What Would It Take For The Altcoin To Rally 1,000%? XRP, the report says, already moved about 647% from the breakout before retracing back toward the area where it currently trades, around $1.36. Marks argues that this pullback looks more like the “normal” behavior of the pattern rather than evidence that the breakout failed. The report draws a comparison to what happened in 2017: the altcoin pulled back sharply after the early move, yet still went on to complete the full measured move. If history rhymes again, Marks suggests XRP could complete another leg that delivers roughly 1,100% upside from current pricing. Related Reading: Expert Forecasts Bitcoin Surge To $80,000 Amid US-Iran Ceasefire And Oil Price Drop However, the report makes clear that reaching that kind of price would require major real-world changes, not just chart follow-through. It says that for XRP to reach such a valuation, several things would need to fall into place. Banks on Ripple’s network would need to start settling using XRP instead of the company’s RLUSD stablecoin and fiat. That shift is described as depending on the long-awaited CLARITY Act passing to provide legal cover for the transition. On top of that, XRP ETF inflows would need to grow substantially; the report notes that XRP has already attracted about $1.2 billion so far, but reaching $17 would likely require sustained inflows in the “tens of billions” over multiple years, alongside institutional adoption at a scale not yet seen. Featured image from OpenArt, chart from TradingView.com
Global crypto funds saw $224 million worth of net inflows last week, led by XRP products with $119.6 million, per CoinShares.
After failing to push past the critical short‑term resistance at $1.60 last week, XRP has slid about 8%, settling back into the $1.35–$1.40 trading range. Market analyst Sam Daodu says three connected problems explain why recent rallies have fizzled and what must change for a sustainable recovery. XRP Faces Resistance Until Bitcoin Clears $75,000 First, Bitcoin (BTC) dominance remains high. Daodu notes Bitcoin’s share of the crypto market has hovered around 58.6% for much of 2026 and stayed above 58% most of the time. Historically, broad altcoin rallies tend to begin when Bitcoin dominance falls below 50% and capital rotates from BTC into smaller tokens. That rotation has not occurred: institutions are not reallocating to altcoins but either leaving crypto or keeping funds in Bitcoin as a perceived safe haven. Daodu argues that unless Bitcoin decisively breaks and holds above $75,000, even XRP’s strong fundamentals are unlikely to move its price materially. Related Reading: MARA Holdings’ Bitcoin Sell-Off: 15,000 BTC Liquidated As Prices Crash Below $69,000 Second, large holders have been steadily taking profits since XRP hit $3.65 in July 2025. Daodu estimates roughly $6 billion in XRP has been sold by whales since that peak, and substantial volumes continue to flow onto exchanges. The expert identified that many of these whales originally bought below $0.65, so they are willing to sell into rallies to lock in gains, asserting that selling pressure keeps rallies short‑ lived. Third, a large portion of holders sits underwater, which creates persistent resistance near the current price. Glassnode data cited by Daodu shows 60% of circulating XRP is held at a cost basis above today’s levels; the average cost basis across holders is approximately $1.44. Because that average is nearly the center of XRP’s recent trading band, holders who have been losing money sell when price approaches breakeven, using $1.45 as a take‑profit level. ETFs Fail To Absorb Supply Daodu adds that even if XRP clears $1.45, further layers of selling are likely: positions across the $1.40–$3.65 range contain clusters of holders looking to return to breakeven or better, meaning upward moves tend to meet fresh supply. Exchange‑traded funds (ETFs) focused on XRP add another structural constraint. Total assets under management (AuM) fell from ITS January peak of $1.65 billion to about $1 billion as the token’s price declined. At the current inflow pace—roughly $1.9 million per week—ETFs would only add about $100 million by year‑end, a level Daodu argues is insufficient to meaningfully soak up supply. Is Regulatory Clarity The Key? Looking ahead, Daodu points to one potential catalyst that could change the dynamics: the long-awaited US crypto market structure bill, the CLARITY Act, which has faced significant opposition in recent months due to key provisions that have prevented its passage. If the bill becomes law and formally cements XRP’s status as a commodity, Daodu argues, it would reduce regulatory uncertainty and could unlock broader institutional adoption. That in turn might encourage banks to settle in XRP rather than relying on alternatives such as Ripple’s RLUSD stablecoin, creating the kind of demand pressure that could finally push the price out of its current range. Related Reading: NVIDIA Faces Class Action After Court OKs $1 Billion Crypto-Mining Revenue Claims – Stock Dips 7% In short, Daodu’s view is that XRP needs multiple things to shift at once: a change in capital flows away from Bitcoin, less selling from large holders, and materially larger ETF inflows—or a regulatory development that brings institutions on board. Until several of those factors move together, the analyst says, XRP rallies are likely to remain short‑lived and the token stuck near its recent trading band. Featured image from OpenArt, chart from TradingView.com
The XRP price slid 5% on Wednesday as a wider market pullback dragged most major tokens lower, knocking the altcoin back to roughly $1.43. Experts point to the same recurring forces behind the swing: persistent geopolitical tensions in the Middle East and a shortage of fresh, bullish catalysts. Despite the near-term weakness, market observers remain upbeat about XRP’s longer-term prospects, centering their optimism on an anticipated policy development in Washington. Potential Surge In Adoption And ETF Inflows Industry analysts widely believe that passage of the CLARITY Act — the proposed crypto market-structure bill in the US Congress — would materially improve XRP’s institutional outlook by formally classifying the token as a digital commodity. That legal status would place XRP on a regulatory footing similar to Bitcoin (BTC) and Ethereum (ETH) and, according to proponents, remove a major barrier to large-scale adoption by banks, asset managers, and payment providers. Related Reading: Citigroup Lowers 12-Month Bitcoin Price Forecast To $112,000, ETH To $3,175—Here’s The Reason In a new analysis, Sam Daodu of 24/7 Wall St. argued that the CLARITY Act is the single most important catalyst that could propel the XRP price past key resistance levels. He noted that commodity designation would allow US banks to use XRP for cross-border settlement via Ripple’s payment rails without the looming uncertainty that a regulatory reclassification might later introduce. That legal clarity, Daodu said, would unlock institutional confidence and encourage sizeable inflows into XRP investment products such as exchange-traded funds (ETFs). XRP Price Targets Lifted Daodu also cited forecasts from Standard Chartered’s Geoffrey Kendrick, who previously set an $8 target for XRP in 2026, premised on the passage of the CLARITY Act. Kendrick’s model anticipates $4 billion to $8 billion in cumulative ETF inflows by year-end if the bill passes. Consensus among many analysts places the XRP price between $5 and $10 should the legislation clear Congress, with an $8 price implying a market capitalization near $490 billion — a level Daodu argues is plausible if banks adopt XRP for actual payment use rather than the token remaining a retail trading vehicle. Daodu went further in outlining further upside scenarios: if the CLARITY Act were approved and Ripple’s application for a master account at the Federal Reserve were also successful by late 2026, some models project XRP could trade in a $15–$30 range under full bank adoption. Related Reading: This Week Could Be The Most Volatile For Bitcoin In 2026, Top Expert Warns The CLARITY Act passed the House in July 2025 by a 294–134 vote and moved through the Senate Agriculture Committee on January 29. However, the Senate Banking Committee has yet to schedule a new markup since January, and negotiators have not published a reconciled draft that satisfies both crypto and banking stakeholders. However, on Wednesday, pro-crypto Senator Cynthia Lummis indicated renewed momentum when she said that the Banking Committee plans to mark up the bill in April, following the Easter recess. Featured image from DALL-E, chart from TradingView.com
XRP has maintained one of the largest and most vocal retail communities in crypto, with millions of holders worldwide.
U.S. spot bitcoin ETFs recorded about $316 million in net outflows during the holiday-shortened Presidents' Day trading week.
US spot bitcoin ETFs posted $544.94 million in outflows Wednesday as the world's largest cryptocurrency continued to slide.
The price of Bitcoin briefly traded below Microstrategy's cost basis for the first time since October of 2023 as top cryptocurrencies dropped on Saturday.
Despite a major outflow just a day earlier, Spot XRP ETFs have defied bearish sentiment, setting record trading volumes and attracting fresh inflows. This resilience and surge in investor demand is particularly surprising given the recent crash in the XRP price and the overall downturn in the broader crypto market. Related Reading: Ethereum Boost: Vitalik Buterin Sets Aside $45M In ETH For Privacy And Open Tech XRP ETFs Defy Trends And Hit Record Volume XRP is making headlines after its ETF experienced fresh inflows following a significant outflow. According to data from SoSoValue, XRP ETFs saw a record $92.9 million drop on January 29, 2026. This marked the largest reduction since their launch on November 13, 2025. Since becoming available for trading, XRP ETFs have registered only three outflows, with the recent $92.9 million decrease being the third. This withdrawal was primarily driven by Grayscale’s GXRP, which saw a whopping $98.39 million leave the fund, partially offset by inflows into Franklin Templeton’s XRPZ, Bitwise’s XRP ETF, and Canary’s XRPC. At the time of the outflow, the total net assets of XRP ETFs fell to $1.21 billion from $1.39 billion the day earlier. The decline coincided with a drop in XRP’s price, which fell from $1.92 to $1.80 over 24 hours. Unexpectedly, XRP ETFs picked up just a day after the $92.9 million withdrawal. They recorded a daily total net inflow of $16.79 million, although total net assets still declined slightly to $1.19 billion. More impressively, Spot XRP ETFs achieved record trading volumes despite the overall downtrend. Data from The Block shows that XRP ETFs saw their cumulative volume rise to $2.23 billion from $2.15 billion just one day after the $92.9 million daily outflow. Reports indicated that Bitwise’s XRP ETF had the highest trading volume at the time, followed by Grayscale’s GXRP, Franklin Templeton’s XRPZ, Canary’s XRPC, and 21Shares TOXR, in that order. In terms of total Assets Under Management (AUM), XRP ETFs declined slightly, falling from $1.48 billion to $1.32 billion following the January 29 outflow. XRP Price Continues Slide Amid Market Uncertainty While XRP ETFs are recovering from recent outflows, the cryptocurrency’s price continues to decline, extending its losses from earlier this year. According to CoinMarketCap, XRP has dropped by more than 11% over the past week and a little over 3% in the last 24 hours. Following this decline, its price now sits around $1.69, representing a more than 15% fall from its $2 level seen just a few weeks ago. Related Reading: Bitcoin’s Slide To $82K Sets Off A $1.7 Billion Chain Reaction XRP’s daily trading volume is also down by more than 26.6% at the time of writing, indicating a potential decline in trader confidence and growing uncertainty in the market. Supporting this trend, XRP’s Fear and Greed Index has fallen into the “Fear” zone. The broader crypto market is showing similar weakness, with the index signaling extreme fear across major digital assets. Featured image from Unsplash, chart from TradingView
BlackRock's industry-leading IBIT fund has seen four straight days of outflows as BTC ETFs log their worst outflow week since February 2025.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The first full trading week of 2026 saw XRP and SOL ETFs log net inflows, while bitcoin and ether funds struggled in comparison.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Spot bitcoin and ether ETFs reported net outflows as well, with one analyst pointing to profit-taking after the recent market rally.
Analysts said traders expect XRP to see wider adoption in the coming year and seek to expand their crypto exposure beyond bitcoin and ether.
Bitcoin-specific inflows retreated 35% to $26.9 billion, while Ethereum, XRP, and Solana products absorbed over $20 billion combined.
Bullish forecasts for ETF-led demand growth clash with warnings that many products may struggle to attract lasting assets.
U.S. spot crypto ETF flows, stablecoin supply, prediction markets, perp DEX activity, and the DAT craze were among the data trends of 2025.
Despite a mixed performance throughout 2025, XRP has emerged as one of the standout performers in the cryptocurrency market. Currently trading slightly below $1.90, the fifth-largest cryptocurrency has retraced nearly 50% from its all-time highs achieved in July. Nevertheless, Standard Chartered is optimistic about XRP’s future, forecasting a significant upward trend driven by anticipated inflows into spot exchange-traded funds (ETFs) and increased regulatory clarity. Spot XRP ETFs Could Drive $4-$8 Billion In Inflows The bank predicts that the launch of spot XRP ETFs could bring in between $4 billion and $8 billion into XRP throughout 2026. Should these inflows materialize, the resulting demand—coupled with XRP’s relatively limited supply—could catalyze a sharp increase in the coin’s price. Related Reading: US Strategic Bitcoin Reserve: Key Catalyst For Potential Surge Toward $150,000 Next Year Analyst Geoffrey Kendrick has laid out an ambitious roadmap for XRP’s future, anticipating prices of $8.00 in 2026, and potentially reaching $12.50 by 2028. To put this into perspective, XRP’s current circulating supply is approximately 57 billion coins. Even modest inflows of a few billion dollars could create a meaningful supply shock in the market. So far, XRP ETFs have gathered around $1.25 billion. To reach the $8 target, it would require annual flows to hit the range of $5 billion to $10 billion, similar to the initial enthusiasm surrounding Bitcoin ETFs. Regulatory Resolution As Key Catalyst A parallel factor influencing XRP’s potential rise is the resolution of regulatory uncertainty surrounding the cryptocurrency. The US Securities and Exchange Commission’s (SEC) long-standing lawsuit against Ripple Labs has significantly impacted XRP’s narrative. Yet, in August 2025, the SEC withdrew its appeal, resulting in Ripple agreeing to a $125 million settlement and affirming that XRP sales on secondary markets are not classified as securities transactions. Related Reading: Bitcoin And Ethereum Influx: Strategy Grabs 1,200 BTC, Bitmine Immersion Ups ETH by 44,000 This resolution eliminates a substantial legal burden and is seen by Standard Chartered as a catalyst for increased adoption. With legal uncertainties removed, capital that had been sidelined could finally enter the market. However, for XRP to achieve a price of $8 by 2026, favorable economic conditions, including low interest rates and a risk-on attitude among investors, would be critical. Should macroeconomic challenges escalate, investors may shy away from altcoins. Featured image from DALL-E, chart from TradingView.com
US spot bitcoin ETFs posted $188.6 million in net outflows on Tuesday, marking their fourth straight day of negative flows.
XRP, currently the fifth largest cryptocurrency by market cap, has recently fallen below the crucial $2 mark amid a broader market correction that has dampened investor sentiment since October. However, market analyst Sam Daodu has identified five critical catalysts that could drive the altcoin to new all-time highs of $5 by 2026. Potential Bullish Catalysts For XRP In a detailed report, Daodu emphasized that for XRP to reach $5, multiple specific factors need to work in unison. Each of these catalysts aims to address various barriers that have kept XRP’s price stagnant. At the forefront of Daodu’s analysis is the potential for a BlackRock-backed XRP exchange-traded fund (ETF). Since mid-November 2025, spot XRP ETFs have attracted over $1 billion in cumulative inflows. Should BlackRock move forward with its ETF, estimates suggest that inflows could exceed $2 billion. Related Reading: XRP Price Forecasts For 2026 Unveiled By AI Simulation: Should Investors Remain Bullish? Daodu’s analysis points that such capital influx would not only reshape market demand but would also solidify XRP’s position as the sole cryptocurrency tied to a fully regulated token in the United States, significantly enhancing its case for reaching $5. Next on the list is the evolving significance of Japan within the XRP narrative. Ripple, in collaboration with SBI Holdings, is set to launch RLUSD—Ripple’s USD-backed stablecoin—in Japan by the first quarter of 2026, pending regulatory approval. The use of RLUSD on the XRP Ledger (XRPL) can create substantial demand for XRP as a bridge currency, supporting the case for it to reach $5, even if this impact unfolds gradually over time. From Tokenization To ETFs The third catalyst that Daodu identified is the tokenization of assets. Ripple’s expanded partnership with Archax aims to bring in “hundreds of millions of dollars” in tokenized equity, debt, and funds onto the XRP Ledger by mid-2026. Should the XRP Ledger capture even a modest 5-10% of the tokenized asset settlement market, the demand for XRP would increase significantly, further supporting its goal of reaching $5. In fourth place, macroeconomic policy plays a crucial role in shaping XRP’s upside potential. Anticipated rate cuts by the Federal Reserve (Fed) would likely decrease returns on cash and short-term bonds, traditionally driving capital toward riskier assets that offer growth and liquidity. Related Reading: New Crypto Tax Proposal: Bipartisan House Duo Pushes For Stablecoin Safe Harbor Lastly, recent on-chain data points to a noteworthy change in supply dynamics. Exchange-held XRP has decreased, with 1.35 billion XRP removed from exchanges in less than two months. Balances plummeted from approximately 3.95 billion tokens to about 2.6 billion, with more than a billion leaving in just a short span of three weeks. Such withdrawals are indicative of a behavioral shift among holders, as many are opting to move XRP into long-term storage solutions. Daodu posits that reaching the $5 mark will not stem from a singular headline or moment of exuberance. It will necessitate a convergence of multiple factors, including strong ETF inflows, institutional adoption, and favorable macroeconomic conditions. As of this writing, the altcoin was trading at $1.88, dropping by almost 50% from all-time high levels reached back in July of this year. Featured image from DALL-E, chart from TradingView.com
The $31 billion in combined flows to Bitcoin and Ethereum ETFs during 2025 demonstrates substantial institutional demand.
Global crypto products recorded their first outflows in four weeks as Washington pushed key policy discussions to next year, per CoinShares.
Expectations around XRP exchange-traded funds were seen as a turning point that could unlock new institutional demand and change XRP’s price structure in favor of buyers. However, recent on-chain data suggests the price response has diverged immensely from that narrative. Metrics tracked by the on-chain analytics platform CryptoQuant point to a very different dynamic unfolding beneath the surface, one that explains why the altcoin continues to struggle for traction despite headline optimism and inflows into Spot XRP ETFs. Related Reading: Banks Could Favor A Higher XRP Price, Finance Expert Says Whale Exchange Inflows Expose Supply Pressure Data from on-chain analytics platform CryptoQuant reveals an interesting trend among XRP whale addresses and their activity on crypto exchange Binance. A closer look at the Binance Inflow-Value Band chart shows that recent XRP deposits to exchanges are overwhelmingly concentrated in the 100,000 to 1 million XRP range and transactions exceeding 1 million coins. These are not retail-sized movements. They reflect activity from large holders moving significant balances onto exchanges, and this behavior aligns with distribution or preparation for selling. The chart showing the exchange inflow into Binance makes this pattern clear, with repeated inflow spikes driven almost entirely by these higher-value bands, while smaller transaction sizes are comparatively lower. The chart image below shows inflows in chunks between 100,000 XRP and 1 million XRP in purple and inflows of chunks more than 1 million XRP in light blue. Most of the inflows into Binance in the past few days have been characterized by these two cohorts, with a few instances of inflows in chunks between 10,000 XRP and 100,000 XRP. XRP Ledger: Exchange Inflow Value Bands – Binance. Source: CryptoQuant This imbalance means that supply is being added to the market by whales at a pace that smaller buyers cannot absorb, and this is why inflows into Spot XRP ETFs have failed to have a positive effect on the altcoin’s price action. Lower Highs, Lower Lows Confirm Supply Overpowering Demand As shown in the price action overlaid in the chart above, the coin printed repeatedly lower highs and lower lows after major exchange deposits. This happens because of the relatively low numbers of new spot buyers on Binance, and even moderate selling pressure has been enough to cap rallies. As it stands, the crypto is facing selling pressure every time it approaches $1.95. Based on the intensity of exchange inflows and the market’s reaction, the first meaningful support zone is between $1.82 and $1.87. However, if large inflows persist, the data suggests the XRP price could continue declining to the $1.50 to $1.66 range. Related Reading: Bitcoin Feels The Weight Of Quantum Risk Concerns, Industry Leaders Warn The interpretation is that the ETF trend did not translate into sustained spot demand for XRP. Instead, whales who accumulated XRP ahead of ETF approval expectations appear to have used the resulting attention as an opportunity to dump their holdings. That said, inflows into Spot XRP ETFs may have helped limit deeper downside, as data from SoSoValue shows these funds recorded $82.04 million in inflows over the recent week. Featured image from Unsplash, chart from TradingView
Crypto index fund manager Bitwise is seeking to launch an exchange-traded fund tracking the SUI token.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
US spot XRP ETFs' cumulative inflows reached $1 billion on Monday since the first such ETF began trading on Nov. 13.