Spot XRP exchange-traded funds recorded net inflows of $8.43 million on October 29, marking the best single-day performance for the products since September 25. This inflow occurred while the XRP price fell below the key $1.25 support level, a breakdown that dragged the asset back to price levels last seen in mid-August.
Price Breakdown and ETF Flows
XRP was among the hardest-hit high-cap assets following the Binance hack, losing over 6.5% of its value in the process. The drop below the $1.25 threshold left short-term holders underwater and increased the likelihood of further downside pressure. Despite these weakening technical indicators, institutional interest in the asset showed a distinct upward trend.
The $8.43 million in net inflows on October 29 put the spot ETFs on a trajectory to exceed the total inflows recorded in the previous week. Combined holdings across these ETFs now account for 1.87% of XRP’s circulating supply. This data points to a divergence between the asset’s short-term price action and its institutional adoption metrics.
October Institutional Developments
October brought several significant institutional milestones for the XRP ecosystem. BNY included XRP in its corporate payments infrastructure, while Standard Chartered launched custody services for the asset. Additionally, Ripple secured final U.S. approval for Ripple Bank, and Coinbase launched support for RLUSD. These developments suggest that institutional positioning is catching up with recent regulatory and operational progress.
The divergence between the recent price breakdown and rising institutional inflows has raised questions about whether market participants are positioning ahead of a catalyst that has not yet been fully priced in. If this trend continues, the current price action could represent a setup for a rebound rather than a sustained bearish move, potentially allowing XRP to decouple from broader market weakness ahead of November.
Q3 2026 Fundamental Performance
A report from Blockworks detailed XRP’s performance during the third quarter of 2026, highlighting strong growth across several network and financial metrics. Stablecoin supply on the XRP Ledger (XRPL) increased by 25.2% during the quarter, reaching a total of $1.03 billion. Global XRP exchange-traded products (ETPs) saw net inflows jump by 39.6% to $355.3 million, bringing the total assets under management for global XRP ETPs to $3.32 billion.
On the network side, payment volume increased by 4.3% in Q3 2026. The value of distributed tokenized real-world assets (RWA) on the network grew by 29.2% to $498.7 million. During this period, Aviva also launched a tokenized fund in partnership with BNY Mellon. Institutional flows played a major role in driving XRP’s 43% rally during the third quarter.
With Q4 2026 starting on a strong fundamentals front, the recent pickup in institutional demand is being viewed as a potential indicator of another rally similar to the one seen in Q3. The recent drop below $1.25 is now being analyzed in the context of these underlying growth metrics, with some viewing the institutional positioning as a precursor to a market recovery despite broader weakness.
Frequently Asked Questions
How much did XRP ETFs see in net inflows on October 29?
Spot XRP ETFs recorded net inflows of $8.43 million on October 29, which was the best single-day performance for the products since September 25.
What was the total assets under management for global XRP ETPs in Q3 2026?
Total assets under management for global XRP ETPs reached $3.32 billion in Q3 2026, following net inflows of $355.3 million during the quarter.
