XRP ETFs Hit $1.13B Inflows as Binance Reserves Fall to 6-Month Low
XRP has taken a brutal six months, being beaten by whales and long-term holders just dumping the stuff nonstop.
Quick overview
- XRP has faced significant selling pressure from whales and long-term holders over the past six months.
- The launch of US-listed Spot XRP ETFs has brought in $1.13 billion in cash, with XRPC leading at $384 million in assets.
- Binance reserves for XRP have dropped to their lowest since July 2024, indicating a potential bullish shift as large players withdraw assets.
- XRP must hold the $1.80–$1.90 zone to avoid a significant decline, with current trading at $1.85.
XRP has taken a brutal six months, being beaten by whales and long-term holders just dumping the stuff nonstop. But just when you thought all hope was lost, there’s been a strange bit of resilience popping up from the launch of US-listed Spot XRP ETFs. Since last month those ETFs have just kept on raking it in a steady stream of cash worth $1.13 billion – that’s with a total of $1.25 billion AUM ( assets under management) now.
Yesterday marked the 28th day in a row where ETF inflows totalled $8.19 million. Given the way things were going last month, you’d have expected a month of decent performance from those ETFs, and Canary Capital’s Spot XRP ETF ( XRPC) is leading the pack with $384 million worth of assets in play. Bitwise and Grayscale are right behind it. The only one that had a dud day was Franklin Templeton’s XRPZ, and that was probably because people were out enjoying the holidays.
Key ETF highlights:
- Just 28 days of net inflow in a row
- XRPC is way out in front with a cool $384 million in assets
- It looks like there are so many big institutional investors shifting their Bitcoin and Ethereum ETFs into XRP. It’s hard not to see that as a vote of confidence.
Binance Reserves Suggest Bullish Shift
But we can’t just be talking about the ETFs; CryptoQuant data shows XRP reserves on Binance are now at 2.6 billion, the lowest they’ve been since July 2024. A drop like that suggests many of the big players are withdrawing their assets from exchanges and keeping them in private accounts, which is bullish news. We’ve seen this happen before, and it’s usually a sign that things are about to get a lot more bullish.
Now we have to note that the XRP Whale Flows 30-day moving average is still looking rather gloomy – but the rate of selling pressure is finally starting to slow down. Historically, this has been a good sign that the market is about to turn around.
XRP/USD Technical Outlook and Key Levels
The $1.80–$1.90 zone is the one place that XRP bulls have to hold onto, or they risk losing out. The RSI is pretty much at rock bottom, which could suggest XRP has some upside.
Veteran trader Peter Brandt reckons a weekly double top pattern is looking pretty dodgy, and that a rebound from the bottom is what saves XRP. But – and there’s a big but – if that zone of $1.80 is breached, then we could see a serious decline to $1, which would wipe out all those nice ETF inflows and on-chain optimism.
Right now, XRP is trading at $1.85, down 1% over the last 24 hours, with a high of $1.90 and a low of $1.84. With a 19% decrease in trading volume over the same time, it’s a nervous market out there.
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