Ripple (XRP) ETF Monthly Recap: Strong Inflows, Weak Momentum
Ripple (XRP) spot ETFs posted a solid month in July despite market uncertainty, with weekly performance improving into month-end. According to SoSoValue, only 1 of the 10 most recent weekly days showed no reportable net flows pattern; the key acceleration came late in the week. Net inflows were about $0.6M on Monday and Wednesday, then surged to $6.0M on Thursday and $7.7M on Friday, taking the week to +$14.86M.
On a monthly basis, XRP ETF investors added $27.29M in net inflows. This also pushed cumulative total net inflows to a new all-time high above $1.5B (as of Friday close). Bitwise’s XRP ETF led Canary Capital’s XRPC by net inflows of $511M vs $467M.
However, the “bad” side is that July’s $27.29M is only the second-worst month so far (better than January’s $15.59M), while June (~$60M) and May (~$132M) were much stronger. The “ugly” part: liquidity participation softened. SoSoValue data showed 11 of 22 trading days (half the month) with no reportable net flow days, aligning with the modest monthly total.
Price momentum for XRP remains a headwind. Even after defending the $1.05 support level, XRP stayed below $1.10 and is down more than 3% month-to-date. Historically, August has been painful for XRP, adding to near-term trading caution around XRP ETF flows.
Neutral
July’s Ripple (XRP) ETF results are directionally constructive on flows: weekly net inflows accelerated into the close and month-end cumulative totals reached a new all-time high above $1.5B. That flow strength can support sentiment in the short term. However, the “neutral” call comes from the quality of the demand. July was the second-worst month for net inflows so far, and half of trading days recorded no reportable net-flow action—signs of cooling participation rather than broad, sustained accumulation.
At the same time, XRP price action has not confirmed the ETF narrative. XRP remains below $1.10 and is down more than 3% on the month, even after defending $1.05. In past ETF cycle phases (seen across other spot-ETF launches), flows can stay positive while the underlying token struggles—often leading traders to wait for confirmation (price breakout) before sizing up risk.
Short term, traders may treat this as “supportive but not decisive”: follow flows for continuation, but expect volatility if price momentum fails. Long term, if cumulative inflows keep expanding while ETF participation broadens beyond intermittent “no-flow” days, that would improve the bullish case for XRP. For now, cooling demand plus weak price momentum keeps the expected impact balanced.