XRP ETF money don reach all-time high as XRP price still dey fragile
Spot XRP ETF flows dey buck di wider risk-off selloff wey dey affect crypto ETFs, wit demand for XRP ETF reach new all-time high. Earlier reports show say spot XRP ETFs don keep rare multi-week positive streak, wit di last net outflow day around April 30.
Latest SoSoValue data extend di strength: XRP ETF see inflows of about $7.44M (Tuesday), $1.19M (Wednesday) and $2.04M (Friday). Monday and Thursday no record any flow, yet di week still end wit over $10M net inflows, and no red day during di measured streak (positive since June 3). Cumulative spot Ripple ETF net inflows climb pass $1.44B.
Meanwhile, di wider ETF complex remain weak: spot BTC ETFs post another big outflow (~$315M), Ethereum see near-$15M withdrawals, and SOL ETFs still in outflow territory. Even HYPE stay green for di week, but im inflow (~$5.87M) still well below XRP’s.
Price action: XRP drop sharply during di June 4/5 selloff (around $1.05, just above $1.00) before e recover towards $1.15. Technical commentary still point to downside risk: Ali Martinez flag one possible deeper test in di ~$0.70–$0.90 range if support fail, while also note one rebound scenario towards ~$7.00–$8.00 if bottom form.
Trader takeaway: XRP ETF inflows dey strengthen, but XRP price still vulnerable under nearby support—watch whether ETF-driven demand fit turn into sustained bids.
Neutral
For XRP itsel, di tinz mixed. On di bullish side, demand for XRP ETF dey strengthen and don reach all-time high cumulative net inflow (> $1.44B), and for di measured period no red days and clear week-over-week net inflow. Dat usually dey support longer-biased traders and fit help limit downside if ETF buying continue.
But price action still fragile: XRP recently dip near di $1.00 area and still dey trade below key nearby resistance. Di technical outlook wey dem cite point to possible further downside (about $0.70–$0.90) before any bigger rebound go reach $7–$8. Also, di broader ETF market backdrop (BTC outflows, ETH withdrawals, SOL weakness) show macro risk-off conditions wey fit overpower ETF-specific strength.
Net result: ETF flows na constructive signal for XRP, but near-term momentum never confirm by spot price yet, so di expected impact na neutral rather than decisively bullish or bearish.