XRP wallets and ETFs show strong inflows

TLDR

XRP is seeing unusually strong inflows into spot ETFs and a jump in new wallets, but so far this looks more like steady accumulation than a confirmed breakout.

1. XRP spot ETFs have attracted tens of millions of dollars in recent weeks while Bitcoin and Ethereum funds see outflows, lifting cumulative XRP ETF inflows to about $1.4 billion.
2. XRPs on-chain data show a sharp spike in new wallets and persistent exchange outflows, suggesting larger buyers are accumulating while price remains in a range.
3. Big sell walls near current prices and unresolved US regulation mean these inflows are constructive but not yet enough on their own to drive a sustained rally.

Deep Dive

1. ETF Flows Signal Rotation

Several reports show XRP-focused ETFs are one of the few bright spots among large crypto products. Over the past week, XRP-linked funds pulled in roughly $42 million in net inflows, while US spot Bitcoin ETFs lost more than $1.4 billion and Ether funds also saw redemptions, indicating a relative rotation toward XRP products amid broader weakness in majors like BTC and ETH. One analysis highlights daily XRP inflows of $8.88 million in the latest session, following $18.52 million and $10.87 million on earlier days.

Since launch in late 2025, XRP spot ETFs have accumulated about $1.39 billion in net inflows, with May already the strongest month so far, according to fund flow data. That represents roughly 1.3 percent of total XRP supply held via these regulated products, and the inflows are more evenly spread across multiple issuers than some other altcoin ETFs.

2. Wallets And Exchange Flows

On-chain, XRP Ledger recently added about 4,300 new wallets in 24 hours, the fourth-largest daily spike this year, with daily active addresses jumping from around 32,000 to over 43,000. This surge coincided with a streak of positive ETF flows and brought ETF-held XRP to roughly 1.34 percent of supply, as noted by on-chain trackers and market coverage.

At the same time, analytics from CryptoQuant cited in a separate report show persistent net withdrawals of more than one million XRP per day from major exchanges such as Binance, Coinbase, and others. That pattern is often interpreted as larger holders moving coins off exchanges into longer term custody during consolidation, rather than retail-driven churn.

3. Price, Regulation, And Risks

Despite strong flow data, XRP trades well below its 2025 peak and has been stuck in a band below roughly the mid 1 dollar area. Analysts point to a large concentration of holders around the $1.40 to $1.46 region, creating a sell wall where many participants are willing to exit at break even, according to flow and positioning analysis. Daily ETF inflows in the single digit millions are small compared with XRPs roughly billion plus dollars in daily trading volume, so they mainly absorb selling rather than forcing price higher.

Regulation is the other key piece. A US Digital Asset CLARITY Act advancing in the Senate Banking Committee could, if passed, give institutions clearer rules for holding and using XRP and related products. Some bank research desks estimate that full regulatory clarity could unlock several billion dollars of additional XRP ETF inflows over time, but timelines and final wording remain uncertain.

Conclusion

XRP is attracting meaningful capital into ETFs and showing on-chain signs of accumulation while many Bitcoin and Ether products see outflows, hinting at a selective rotation rather than a broad altcoin wave. For now, heavy overhead supply and unresolved US regulation limit how far these flows can carry price, so the key signals to watch are whether ETF inflow streaks persist, wallet and exchange trends turn into a longer pattern, and US policy milestones unlock a larger institutional buyer base.