Spot XRP (XRP) exchange-traded funds proceed to draw investor interest, recording nearly $1 billion in inflows since their launch. Unfortunately, this didn’t help the bulls keep the worth above the psychological support level of $2.
Key Takeaways:
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Spot XRP ETFs recorded 20 consecutive days of inflows totaling $1.2 billion.
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XRP price continued its downward trend and slipped below a key moving support level.
Spot XRP ETFs herald $1 billion in inflows in three weeks
US-based spot XRP ETFs recorded 20 consecutive days of inflows, highlighting institutional demand for the network's native asset.
According to data from SoSoValue, XRP ETFs recorded a rise of $20.2 million on Friday, bringing cumulative inflows to $990.9 million and total assets to over $1.2 billion. The Franklin XRP ETF (XRPZ) led the best way on Friday with inflows of $8.7 million, increasing its net assets to $175 million.
Bitwise XRP ETF (XRP) and Canary XRP ETF (XRPC) were the one other products to see inflows on December 12, while Grayscale XRP Trust ETF (GXRP) and 21shares
XRP ETF inflows. Source: SoSoValue
Such a powerful start for XRP ETFs reflected the arrogance of institutional investors. In comparison, spot Bitcoin (BTC) ETFs recorded $49 million in inflows on the identical day.
Spot Ether (ETH) ETFs recorded $19.4 million in outflows, reducing their cumulative inflows to $13.1 billion. The funds also lost $42.3 million on Thursday.
“US spot ETFs price $
“Institutional demand for XRP is increasing rapidly.”
As Cointelegraph reported, demand for XRP ETFs supports the bullish case for the altcoin, with an increase to $10 still on the horizon in 2026.
XRP price is losing key support levels
However, sustained demand for the XRP ETF has did not keep the worth above $2, with the technical situation suggesting the potential for a deeper correction.
The price of XRP continued its downward trend on Monday, falling over 11% within the last 10 days and falling below $2 for the second time since November twenty first.
According to data from Glassnode, the XRP/USDT pair is currently testing a each day order block around $1.93, a level with limited support.
Glassnode's realized UTXO price distribution (URPD), a metric that shows the common prices at which SOL holders purchased their coins, shows smaller clusters of those buying levels below $1.90. This means fewer holders are more likely to defend the worth there.
The next key support is at $1.78, where around 1.85 billion XRP were previously acquired.
XRP: UTXO realized price distribution (URPD). Source: Glassnode
If the worth falls below this level, it could fall towards the green zone shown below, supported by the local low of $1.61 and the 200-week exponential moving average (EMA), positioned around $1.40, which is the last line of defense for XRP price.
XRP/USDT weekly chart. Source: Cointelegraph/TradingView
XRP's downward momentum can also be increasing based on the Relative Strength Index (RSI), which has reached its lowest level since July 2024.
As Cointelegraph reported, a break below $2 will see the XRP/USDT pair extend its decline to $1.75 after which to the local low at $1.61.
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This article doesn’t contain any investment advice or recommendations. Every investment and trading activity involves risks and readers should conduct their very own research when making their decision. While we attempt to offer accurate and up-to-date information, Cointelegraph doesn’t guarantee the accuracy, completeness or reliability of the knowledge in this text. This article may contain forward-looking statements which might be subject to risks and uncertainties. Cointelegraph won’t be responsible for any loss or damage arising out of your reliance on this information.
