U.S. XRP ETFs have accumulated approximately 1.16 billion tokens since the launch of the first such product in the United States one year ago. The total value of these holdings stands at $1.15 billion, representing roughly 1.77% of XRP’s overall market cap. At the time of reporting, cumulative total net inflows into these funds reached $1.79 billion. The difference between the current net asset value and the total inflows is attributed to the recent decline in the asset’s price over the past few weeks.
Institutional Accumulation Amid Price Drop
Major financial institutions have led the accumulation of XRP through these exchange-traded funds. The list includes Bitwise, Franklin Templeton, Canary Capital, 21Shares, Grayscale, and REX-Osprey. Despite this institutional interest, the asset has experienced a significant correction. XRP prices have fallen by 40%, dropping to $0.99 and losing the $1 psychological threshold. This decline follows a previous high of $1.66 at the start of the correction phase. As the market closed for the weekend, $1.09 million in capital left the sector.
Technical Signals and Trading Volumes
Trading data indicates a shift in investor behavior on specific platforms. On Coinbase, the net buying trend for XRP turned positive over the past two consecutive days. More than 4 million XRP tokens were longed by U.S. investors on this exchange, following a period of heavy selling. In contrast, the net buying metric remained negative on Binance and OKX, although trading activity was near neutral levels. Figures on these two exchanges had spiked above the neutral line before retracing shortly after. Daily trading volume showed that about 2.09 million tokens were bought at the time of reporting.
Technical indicators provide mixed but notable signals. The TD Sequential indicator printed a buy signal on daily charts after two months of decline. The Stochastic RSI bounced from oversold territory to a value of 41.64. However, XRP remains below the 200-day simple moving average, which is currently at $1.26. Analysts suggest that reclaiming the $1.00 level could trigger a recovery toward $1.15 and $1.26. Conversely, if the asset loses the support level between $0.98 and $0.99, it could expose lower levels, potentially reaching $0.80 or below. The ongoing correction is expected to continue unless a clear flip in market structure occurs.
