XRP Price Remains Above $1 as ETF Demand Surges Past Bitcoin and ETH for Five Consecutive Weeks
XRP exchange-traded products have continued to draw in investor capital for a fifth straight week, even as Bitcoin and Ethereum funds experienced net outflows.
Summary
- XRP ETF products reported positive inflows, while Bitcoin and Ethereum funds saw recent outflows.
- Analysts indicate a short-term rebound signal for XRP, although whale activity remains generally weak.
- XRP is trading around $1.15 as investors keep an eye on ETF demand and critical support levels.
The latest fund flow data reveals that XRP-linked products accumulated approximately $10.68 million in the week ending June 12. These inflows occurred despite broader crypto markets being pressured by risk-off sentiment and ongoing uncertainty regarding global macroeconomic conditions.
XRP fund inflows remain positive
Recent ETF flow figures show that XRP products gained over $10 million in the past week, continuing a trend of XRP outperforming larger digital assets in terms of weekly net fund flows.
This inflow follows a series of weeks with positive demand, as XRP products saw around $60.5 million in inflows during the week of May 15, followed by $22.04 million on May 22 and $15.2 million on May 29. The week ending June 5 saw an additional $2.62 million.
The cumulative total net inflow has now reached approximately $1.44 billion. Simultaneously, total net assets are close to $978.86 million, with weekly trading activity exceeding $61 million.
Bitcoin and Ethereum funds face outflows
The positive performance of XRP has contrasted with withdrawals from competing crypto investment products.
Bitcoin products experienced approximately $319 million in weekly outflows. Similarly, Ethereum investment products concluded the week with around $15 million in net withdrawals. Solana funds also faced roughly $4 million in outflows.
As previously reported by crypto.news, Bitcoin ETFs have endured ongoing selling pressure as investors cut back on risk assets. Recent reports suggest that geopolitical uncertainties and weakened market sentiment have negatively impacted digital asset funds.
The disparity between XRP inflows and Bitcoin outflows has highlighted renewed institutional interest in Ripple’s token, even amidst market vulnerabilities.
XRP technical signals show mixed picture
XRP was trading at approximately $1.15 on June 14, according to crypto.news price data. The token saw a gain of about 1.65% over the past week but remains down by over 22% from the previous month.
In a June 11 post on X, crypto analyst Ali Martinez noted that the TD Sequential indicator had produced a buy signal for XRP on a three-day timeframe. He mentioned that this setup historically signals a short-term rebound lasting between one and four candlesticks.
“A new buy signal has emerged on XRP,” remarked Martinez. However, he cautioned that this signal might only provide support for a temporary recovery rather than indicating a broader trend reversal.
Martinez also pointed out that whale activity on the XRP network has declined significantly. According to the data he cited, transactions exceeding $1 million have dropped by 57.3% in recent weeks.
Analysts focus on whale activity and long-term cycles
Martinez further noted that active whales distributed around 60 million XRP over the past week. This selling trend implies that large holders have not yet begun to accumulate aggressively despite recent price decreases.
He identified the $0.90 region as a potential long-term accumulation zone, suggesting it aligns with a multi-year rising trendline that has historically provided support.
Another analyst, ChartNerd, highlighted XRP’s historical market cycles, remarking that previous cycle peaks have typically occurred every three to five years. “Data does not lie,” he warned investors to be cautious of unrealistic price targets.
Recently, XRP received an additional boost to its institutional adoption story after the U.S. Securities and Exchange Commission approved a rule change permitting a new actively managed crypto ETF to include XRP along with Bitcoin and Ethereum.
Currently, XRP finds itself situated between rising institutional demand and cautious on-chain signals. ETF inflows continue to bolster the asset’s adoption narrative, while whale activity and broader market conditions remain critical indicators for the upcoming phase of price movement.
Disclosure: This article does not constitute investment advice. The content and materials featured on this page are intended for educational purposes only.