XRP is trading around $1.50, down 8% over the past 24 hours after failing to sustain the $1.60 level. The decline comes despite U.S. spot XRP ETFs attracting $18.04 million in net inflows during the previous session. The contrast highlights the growing disconnect between ETF demand and activity in the broader spot market, where selling pressure has continued to weigh on the token.
XRP moved between $1.60 and $1.46 over the past 24 hours and was trading close to the bottom of that range. Its market capitalization slipped to about $92 billion, leaving it ranked fifth among cryptocurrencies by market value. XRP also fell 5.6% against Bitcoin to 0.00001755 BTC, showing that the weakness was not limited to its dollar price.
ETF Demand Fails to Offset Spot Selling
Bitwise’s XRP ETF recorded $11.54 million in inflows on Tuesday, raising its cumulative inflows to $646.08 million. Franklin Templeton’s XRPZ added another $6.50 million, bringing its cumulative total to $496.80 million. Combined, XRP ETFs attracted $18.04 million during the session, lifting cumulative inflows since launch to around $1.67 billion.
However, total net assets declined from $1.731 billion in the previous session despite the new inflows. The drop largely reflects XRP’s lower market price, which reduced the value of the tokens held by the funds.
ETF inflows also remain relatively small compared with activity in the spot market. The $18.04 million entering XRP ETFs represented approximately 0.44% of the $4.1 billion in spot trading volume recorded over 24 hours. Although the figures cover different time periods, the comparison illustrates the relatively limited size of ETF buying compared with overall spot-market activity.
CoinGecko’s market commentary identified profit-taking as a major factor behind the latest decline. XRP rose from around $1.29 to $1.38 on September 18 before advancing toward $1.60 over the next several sessions. The rally gave recent buyers an opportunity to lock in gains after the price failed to break decisively above resistance.
Increased XRP deposits to Binance may also point to potential distribution, although exchange inflows do not necessarily mean tokens are being sold. Assets transferred to exchanges can be used for trading, market-making, custody changes or collateral, among other purposes.
On-chain data offers another indication of the market’s positioning. Santiment reported a 365-day MVRV ratio of -11.75% for XRP on September 23. The reading suggests that the average holder active during the past year was sitting on an unrealized loss. This setup can encourage some investors to sell into rallies as they attempt to reduce their positions.
XRP Tests $1.45 Support After Another $1.60 Rejection
XRP’s latest decline developed in three stages. The token traded close to $1.60 late on September 23 before falling sharply from roughly $1.58 to $1.52. It then consolidated between $1.49 and $1.52 overnight.
A recovery attempt around 11:00 IST on September 24 briefly pushed XRP back toward $1.52, but buying momentum faded. The next decline began after 13:45 IST, when XRP broke below $1.48 and eventually reached about $1.46 around 15:00 IST.
The move marked the second failed attempt this week to establish XRP above the $1.60 area, following another test on September 22.
These price levels reflect recent market activity rather than a forecast. Futures positioning could influence the magnitude of XRP’s next move, as concentrated positions on either side of the market can intensify volatility when price breaks through key levels.
