Spot XRP ETFs recorded a new all-time high in cumulative net inflows after investor demand returned in April.
- Spot XRP ETFs reached $1.29 billion in cumulative inflows after April demand returned strongly again.
- XRP stayed near $1.43 despite fresh ETF inflows and renewed investor demand this week recently.
- Nearly 35 million XRP left exchanges, raising hopes of lower sell pressure ahead for traders.
XRP ETFs had a strong start after launching in mid-November. The funds quickly crossed the $1 billion mark and avoided net outflow days for nearly two months.
That trend changed in March as market uncertainty pushed some investors away from risk assets. March became the first negative month for XRP ETFs, with more than $31 million leaving the products.
XRP price fails to follow ETF demand
At the time of the report, XRP traded near $1.43. The price showed little change from the previous week, despite fresh ETF inflows and stronger market interest.
Market analyst Crypto Tony described XRP’s recent price action as “boring few months.” The token has traded between $1.20 and $1.60 for more than 60 days.
Exchange outflows raise rally hopes
Some analysts view large exchange withdrawals as a possible sign of lower sell pressure. Similar spikes in February and March came before 20% to 50% XRP rallies, according to the report.
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