XRP is trading near the $1.50 mark, down 8% over the past 24 hours after losing its hold above $1.60. The decline comes despite U.S. spot XRP ETFs recording $18.04 million in net inflows during the previous trading session. This divergence raises an important question: if regulated investment products continue attracting capital while XRP struggles to maintain higher levels, how significant are those ETF inflows compared with selling pressure in the spot market?
Over the last 24 hours, XRP traded between $1.60 and $1.46, leaving the token near the lower end of its daily range. Its market capitalization dropped to approximately $92 billion, keeping XRP in fifth place among cryptocurrencies by market value. XRP also declined 5.6% against Bitcoin to 0.00001755 BTC, indicating that the weakness extended beyond its performance against the U.S. dollar.
Why ETF Inflows Failed to Prevent XRP’s Decline
Bitwise’s XRP ETF attracted the largest inflow on Tuesday at $11.54 million, bringing its cumulative inflows to $646.08 million. Franklin Templeton’s XRPZ recorded another $6.50 million, pushing its cumulative total to $496.80 million. Combined, U.S. XRP ETFs registered $18.04 million in net inflows, raising total inflows since launch to approximately $1.67 billion.
Despite the fresh capital, total ETF net assets declined from $1.731 billion in the previous session. The decrease largely reflects XRP’s falling price, which reduced the market value of the tokens already held by the funds.
The latest ETF inflows also remain relatively small compared with activity in XRP’s spot market. The $18.04 million of ETF inflows equaled roughly 0.44% of the $4.1 billion in XRP spot trading volume recorded over 24 hours. ETF flows and spot volume cover different periods, with ETF data based on the U.S. trading session and spot volume measured across a rolling 24-hour window. Even so, the comparison highlights how modest the ETF inflow was relative to overall market activity.
CoinGecko’s market analysis identified profit-taking as a key factor behind the decline. XRP climbed from roughly $1.29 to $1.38 on September 18 before advancing toward $1.60 over the following sessions. The rally left recent buyers with unrealized gains, creating potential selling pressure once the token struggled to break through resistance.
Higher-than-usual Binance deposits provide another possible indication of distribution, although exchange deposits alone do not confirm selling. XRP transferred to an exchange may be intended for trading, market-making, custody adjustments or collateral purposes rather than immediate liquidation.
On-chain metrics provide another perspective. Santiment reported XRP’s 365-day MVRV ratio at -11.75% on September 23, indicating that the average holder active during the previous year was carrying an unrealized loss. Such conditions can contribute to selling during rallies as some investors use price increases to reduce their exposure.
Technical Levels: $1.60 Rejection and $1.45 Support
The latest decline developed across three stages. XRP was trading around $1.60 late on September 23 when the first major drop pushed the price from approximately $1.58 to $1.52. The token then moved sideways between $1.49 and $1.52 overnight. A recovery attempt around 11:00 IST on September 24 briefly brought XRP back toward $1.52 before buyers lost momentum.
The final decline began after 13:45 IST, when XRP fell below $1.48 and reached approximately $1.46 around 15:00 IST. This represented the second failed attempt during the week to sustain a move above the $1.60 area, following another test on September 22.
These levels represent reference points based on recent market activity rather than price forecasts. Futures positioning is also relevant because a heavily positioned market can amplify price movements once XRP breaks decisively in either direction.
About The Author
More Stories
Bond Volatility Surges as Bitcoin and Wall Street Remain Calm
Altcoins Surge as Bitcoin Holds Near $84,000
Bitcoin ETF Flows Turn Positive in 2026 After Erasing $5.8B Deficit