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XRP ETFs Absorb 80 Million Tokens at Launch as Price Tests Bullish Pattern
TL;DR
XRP saw a strong surge in institutional attention as two new spot exchange-traded funds brought in close to 80 million tokens during their debut. The initial inflows pushed total assets under management for all active XRP ETFs to roughly $778 million, marking one of the strongest launch-day absorption events among major altcoin products.
Grayscale’s GXRP and Franklin Templeton’s XRPZ led the activity, drawing nearly $130 million combined on their first trading day. The buildup outpaced recent inflows seen during Solana’s ETF debut and arrived while Bitcoin products were experiencing net outflows. Four XRP ETFs are now live in total, with Canary’s fund remaining the largest by accumulated inflows, followed by Bitwise’s offering.
The rapid token absorption is notable because ETF demand directly reduces circulating supply, but the long-term impact still depends on whether inflows continue beyond the initial launch enthusiasm. Another product, 21Shares’ TOXR, is expected to join the group later in the week, further expanding U.S. access to spot XRP exposure.
Price Attempts to Build Momentum Above $2.20
XRP has been the strongest performer among the top-tier crypto assets over the past week, rising from $1.90 to retest $2.20. That level has become the first major resistance as traders watch for signs that a new upward phase could develop.
On shorter-timeframe charts, the price is carving out a bullish flag pattern. If it breaks to the upside, the next target zone sits between $2.35 and $2.45, an area that includes a key sell-side fair value gap and multiple liquidity points around $2.30 and $2.35.
Failure to hold above $2.20 would shift attention back toward $2.10 and potentially $2.00, where a buy-side fair value gap aligns with concentrated liquidity. Market structure remains mixed, with short-term strength showing up in the relative strength index holding above 50, yet the broader trend is still leaning downward. XRP continues to trade below its 50, 100, and 200 exponential moving averages on the four-hour chart, leaving traders watching for confirmation before calling a sustained trend reversal.
