XRP ETFs Drive $11M Inflows Amid Slumping Price

Background Context

The US spot XRP ETFs drew $11.31M in net inflows between October 5 and October 9, even as XRP fell from about $1.52 to $1.40 and briefly touched a $1.32 price low.

The Gap Remains

The gap keeps the key question in focus: can concentrated fund demand defend the $1.32-$1.38 support zone, or must XRP reclaim $1.50-$1.56 before its short-term trend improves?

ETF Flows

Bitwise supplied $10.55M of the weekly total, nearly carrying the market-wide result by itself. Franklin Templeton’s XRPZ added $4.10M, while Canary Capital’s XRPC recorded a $3.34M outflow; three of the five sessions had no net flow.

Material Qualification

Excluding Bitwise, the other funds combined added only about $760,000 net. That is the material qualification to the 12-week streak: inflows have persisted, but last week’s figures do not show evenly distributed demand across issuers.

Upcoming Weekly Totals

The upcoming weekly totals will test whether buying broadens or the streak remains dependent on one large fund.

ETF Net Assets

ETF net assets are at about $1.57 billion, against roughly $1.8 billion in cumulative inflows since launch. The resulting gap of around $230 million is a rough mark-to-market indicator.

Contrast with Other Funds

The contrast with other crypto funds is notable. U.S. bitcoin funds shed $681 million over the same week, while XRP was the only one of the cited bitcoin, ether, solana, and XRP fund groups to finish with net inflows.

Relative Resilience

The single-week comparison does not establish that ETF demand can absorb continued selling in the spot market.

Support Zone

The $1.32-$1.38 area is the immediate support test. Holding it while ETF flows stay positive would be consistent with dip buying, but one bounce would not confirm a durable floor; a break below the zone would show that inflows have not prevented further technical deterioration.

Resistance

The primary-source levels place resistance at $1.50-$1.56. A sustained reclaim of that band, rather than a brief intraday move into it, would provide stronger evidence that the short-term trend is improving.

Downside Scenarios

A separate XRP support-level assessment also examines downside scenarios around the current price area.

Evernorth Adds XRP Vehicle

Evernorth’s XRPN began trading on Nasdaq on Monday, October 12, adding another listed route to XRP exposure. The primary report says the vehicle holds about 473 million XRP, but its immediate effect on spot demand or price is not established.