On June 9, spot ETFs based on XRP recorded the strongest net daily inflows among major crypto investment products. According to the latest data, XRP products saw a net capital inflow of $7.44 million, while in the same period, Bitcoin funds saw outflows of $77.44 million and Ethereum funds lost $40.85 million.
XRP leads in fund flows
The same data set showed that Solana ETFs attracted approximately $794,000 in net inflows. These figures indicate that XRP investment products outperformed their rivals for the day. As a digital asset associated with Ripple Labs, XRP is widely recognized for its use in cross-border payments.
While XRP products attracted a net inflow of $7.44 million, Bitcoin funds experienced outflows totaling $77.44 million, with another $40.85 million moving out of Ethereum products.
This divergence in fund movements may reflect a short-term shift in investor preferences. However, when compared to XRP’s total market capitalization and daily trading volume, the scale of the inflow remains limited. So while the data points to a sustained level of interest, it does not on its own confirm a strong price rebound.
Price pressure continues for XRP
Meanwhile, the price performance of XRP has remained subdued. After breaking down from a months-long consolidation pattern, XRP traded around $1.11. The asset lost a critical support region in the $1.28 to $1.30 range as the descending triangle pattern that had formed since March was completed.
Following the loss of this support, selling pressure dragged XRP down to the $1.10 range. The cryptocurrency also remains below its 50, 100, and 200-day moving averages. These levels, clustered between approximately $1.25 and $1.40, now act as important resistance zones in the short term.
Mixed signals from technical indicators
Nevertheless, some technical indicators suggest the latest wave of selling may be losing momentum. The Relative Strength Index (RSI) has fallen close to the 30 mark, entering the oversold zone. This is sometimes interpreted by market watchers as a signal that a short-term bottom could be forming.
Mini glossary: The RSI is a technical indicator that measures the speed and direction of recent price changes. Typically, a reading near 30 indicates oversold conditions, while a level near 70 suggests overbought territory.
Trading volumes have also risen notably during the recent selling wave. This uptick in volume can sometimes signal that the market is searching for equilibrium after a sharp decline. Still, the available data does not yet confirm that technical weakness has ended.
Institutional and spot markets diverge
ETF data may be providing an early glimpse into how institutional investors are positioning during the recent correction. Despite widespread outflows across the broader crypto market, continued inflows to XRP-focused investment products suggest demand has not disappeared entirely.
However, with persistent technical pressure in the spot market, growing interest in ETFs alone may not be enough to guarantee a trend reversal. For a robust recovery in XRP, both steady fund inflows and renewed risk appetite in the broader crypto market will be needed.
