XRP Pulls in Fresh Capital as Investors Trim Positions in Larger Crypto Funds
While bitcoin and ether funds have been shedding assets, XRP has been quietly picking up flows.
Quick overview
- XRP-linked investment products have seen significant inflows, totaling approximately $42 million over the past week.
- In contrast, Bitcoin and Ether funds have experienced substantial outflows, with Bitcoin ETFs losing over $100 million recently.
- A notable increase in new XRP wallets, with about 4,300 opened in a single day, suggests potential fresh investment in the network.
- Despite the recent inflows, XRP has been losing network momentum since late last year, raising questions about the sustainability of this interest.
While bitcoin and ether funds have been shedding assets, XRP has been quietly picking up flows. Data from CoinGlass shows XRP-linked investment products brought in $8.88 million in the latest session, part of a run that included $18.52 million on May 14 and $10.87 million on May 15. Add it up over the past week and XRP products have collected roughly $42 million in net inflows.
The token itself was holding near $1.37 by midday Hong Kong time on Thursday, steady enough given the broader pressure across the market.
What makes the inflow data stand out is the context around it. Bitcoin ETFs dropped another $100.9 million in the latest session alone, following three consecutive days of heavy redemptions totaling more than $1.27 billion. Ether funds lost $32.6 million in the same period. Against that backdrop, money still finding its way into XRP products is a notable contrast, even if the amounts are smaller in absolute terms.
Santiment picked up something worth noting on the chain side. About 4,300 new XRP wallets were opened in a single day, one of the bigger single-session jumps recorded this year. New wallets showing up at the same time as fund inflows can mean fresh money entering the network rather than the same hands shuffling things around. That combination tends to get attention.
That said, pulling back on the chart tells a different story. XRP has actually been losing network momentum since late last year, so one big day of wallet creation sits awkwardly against that longer decline. It could be the start of a genuine rotation, or it could be a quick flare of speculative interest that fades just as fast. Right now there is not enough to say which one it is.
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