XRP ETF inflows have continued accumulating even as the token itself trades around $1.05, down roughly 19% over the past 30 days and sitting at a 20-month low. The divergence between fund demand and spot price is the defining tension in XRP’s current setup.
XRP ETF Inflows Outpace Bitcoin and Ethereum for Seven Straight Weeks
On 26 June, XRP ranked first among crypto ETFs for single-day net inflows at approximately $15.63 million. That same session, spot Bitcoin ETFs bled roughly $444.51 million in outflows and Ethereum funds lost approximately $12.85 million.
The weekly picture is equally lopsided. XRP spot ETFs have now posted seven consecutive green weeks, pulling in roughly $144.69 million in net inflows over that stretch, according to SoSoValue data. The most recent week ending approximately 28 June added $22.99 million to that total. Over the same seven-week window, Bitcoin ETFs recorded around $7.73 billion in outflows, and Ethereum ETFs shed roughly $1.18 billion.
Cumulative XRP spot ETF inflows since the products launched in November 2025 have now crossed $1 billion, according to Yahoo Finance. The same report noted that the SEC lawsuit against Ripple officially concluded in August 2025, removing the overhang that had kept institutional allocators on the sidelines for years. The Canary XRP ETF S-1/A filing with the SEC, submitted in October 2025, shows the structure these products use: shares of beneficial interest trading on the Cboe BZX Exchange, with the trust holding XRP directly.
Fund demand this persistent while price underperforms suggests that buyers are absorbing sell pressure rather than driving price discovery. XRP ETF inflows are providing a floor, not a launch pad, for now.
Derivatives Reset Reaches an Extreme Rarely Seen in XRP
The futures market tells a separate story, and it may matter more for the short-term direction. XRP’s funding rate on Binance dropped to -0.028%, a 10-month low, according to Yahoo Finance. The last time funding hit these levels was April 2025. After that reset, XRP rallied from approximately $1.60 to $3.65 by mid-July, an 82% move as short positions were squeezed out.
The longer-term OI collapse is harder to ignore. From a peak of roughly $10 billion in July 2025, XRP open interest has fallen to approximately $2.55 billion as of mid-June 2026, a roughly 75% drawdown, according to Memeburn. That is a different figure from the recent weekly move described separately: OI dropped from about $1.18 billion to roughly $1.04 billion in the past week alone, as the deleveraging continued.
On the liquidation side, MEXC News citing CryptoQuant reported that the peak single-day long liquidation flush hit $6.7 million during the recent deleveraging phase. Weekly long liquidations overall jumped to nearly $3 million, up more than 800% from the prior month. Binance reserves remained nearly flat over the week, suggesting spot holders are not rushing to exit.
CME XRP futures OI hit a record $1.4 billion in early June 2026, with 29 large institutional holders on the books, per Memeburn. The institutional footprint is there; the speculative excess has been flushed.
Network Activity and Chart Signals at $1 Support
Analyst Ali Charts flagged a rise in XRP network activity over the past two weeks. Daily active addresses climbed from around 23,000 on 14 June to nearly 39,500, pointing to increased on-chain participation even as price struggled.
Ali also identified two technical signals on the daily chart. The Tom DeMark Sequential indicator printed a buy “9” signal, which can precede a short relief rebound of one to four candles. The prior three daily sessions also formed a Morning Star Doji pattern, a setup technical traders use to identify local bottoms after a downtrend. Ali’s upside target from here is $1.30.
The price structure remains binary. XRP needs to hold $1 to avoid a technical breakdown toward $0.85 and then $0.70. A sustained move above $1.12 and $1.27 would be required before momentum can credibly shift back toward buyers.
The next trigger is straightforward: if open interest starts recovering while price holds $1 and funding rates normalise, the April 2025 short squeeze analogue becomes relevant. If $1 breaks on rising volume, the ETF bid gets tested against a market moving toward $0.85.
