XRP ETFs Buck the Crash as XRPI and XRPR Climb on $16.79M Inflows

XRP ETF XRPI XRPR BITWISE: CAPITAL ROTATION WHILE PRICE BREAKS TO NEW LOWS

SPOT XRP-USD SLIDES TOWARD $1.60–$1.90 WHILE XRP ETF COMPLEX HOLDS ABOVE $1.1B AUM

XRP-USD trades in the $1.60–$1.90 band after a brutal washout that erased roughly $220 billion from total crypto market capitalization, dragging majors lower and flushing leverage across the board. Ethereum crashed toward $2,250 at the weekend low, Bitcoin slipped through $80,000 toward the mid-$70,000s, and XRP was hit in the same risk-off wave, dropping to the $1.58–$1.70 region before stabilizing closer to $1.60–$1.66 in the latest snapshots. Despite that, XRP-backed ETFs now manage about $1.19 billion in assets, with roughly $1.18 billion of that raised since their launch in November 2025. Price is behaving like a high-beta alt in a stressed macro tape, but the ETF footprint is behaving like a slow-building institutional allocation rather than a speculative toy.

XRPI ETF: CASH FLOWS INTO XRP ETF WHILE PRICE BREAKS THE NEW CYCLE FLOOR

The XRPI ETF on NASDAQ closed near $9.97, down 3.58% on the day after losing $0.37 from a previous close at $10.34. Intraday trading ranged between $9.83 and $10.24, and that $9.83 print now doubles as both the day low and the new 52-week floor versus a year range of $9.83–$23.53. Average volume sits around 530.74K shares, pointing to robust liquidity even as the price has more than halved from the cycle highs above $23.00. In simple terms: XRPI has round-tripped a huge part of the post-ETF euphoria, but the tape does not show an illiquid collapse. The fund still trades in a tight intraday range, with enough depth for institutions to move size without blowing out spreads. That combination—fresh lows in price with stable volumes—fits a forced deleveraging environment across crypto, not a single-product implosion.

XRPR ETF: HIGHER PRICE TAG, LOWER LIQUIDITY, DEEPER DRAWDOWN

The XRPR ETF on BATS, branded as the REX Osprey XRP ETF, trades at a higher absolute level but on far thinner volume. Last close printed at $14.24, down 3.46% after a $0.51 slide from $14.75. The session traded between $14.11 and $14.59, barely $0.48 of intraday range, but those prints are sitting right on the bottom of the 52-week band at $14.11–$25.99. Average volume is just 11.93K shares, an order of magnitude below XRPI ETF, which means each institutional ticket reshapes the order book more aggressively. Structurally, XRPR looks like a levered expression on the same XRP theme: deeper drawdown relative to the 52-week range, thinner liquidity, and a profile that suits more tactical capital rather than broad asset-allocation flows. The key point: both XRPR and XRPI are trading at or just above their yearly lows at the same time as aggregate ETF flows into XRP turn positive again.

BITWISE XRP ETF AND PEERS: $16.79M INFLOWS AFTER A $92M EXODUS

The broader XRP ETF segment just printed a sharp inflection in flows. After investors yanked roughly $92 million in outflows over a few days, the complex swung back to a $16.79 million net inflow in a single session. The surge was not concentrated in one product. 21Shares’ TOXR led with $8.19 million, the Bitwise XRP ETF took $3.91 million, Canary’s fund added $2.79 million, and Franklin Templeton’s XRPZ drew $1.90 million. All four funds now sit inside a $1.19 billion AUM pool with $1.18 billion raised since launch. That means almost the entire capital base is new money deployed since November 2025, and that base is willing to add on sharp drawdowns, not only chase strength. From a professional lens, this is exactly the kind of flow pattern you expect when real institutions are building a position over quarters: heavy redemptions when macro shocks hit, followed by high-conviction re-entries once pricing looks attractive again.

XRP ETF SEGMENT: SIX STRAIGHT INFLOW DAYS AND A STRUCTURAL ADOPTION TREND

Across several tracking services, XRP ETF products have now logged six consecutive days of net inflows, pushing cumulative inflows since launch toward the $1.26–$1.30 billion band and AUM to about $1.39 billion at the recent peak before the latest volatility. That sequence is not an isolated outlier; earlier in January, a separate $40 million withdrawal wave was clawed back by several sessions of steady inflows, mirroring the current pattern where a $92 million hit is followed by a $16.79 million rebound. Analysts have started to label this as “counter-cyclical accumulation”: institutions stepping in with fresh capital exactly when retail is de-risking. The critical detail is that this is happening while XRP-USD trades roughly 50% below its July 2025 swing high at $3.65 and far below the 2018 peak at $3.84. Price says capitulation and fatigue, but ETF flows say slow, systematic build-up.

ETF FLOW DIVERGENCE: BITCOIN AND ETHEREUM BLEED $760M WHILE XRP TAKES THE OTHER SIDE

The most telling signal across everything you provided is the violent divergence in crypto ETF flows. Spot Bitcoin products saw $509.7 million in net outflows in a single session, led by a $528.3 million withdrawal from BlackRock’s IBIT. Spot Ethereum ETFs shed another $252.9 million, with $157.2 million leaving BlackRock’s ETHA and $95.7 million leaving Fidelity’s FETH. Solana ETFs added $11.3 million more to the red side. Put together, that is roughly $774 million in capital pulled out of BTC, ETH, and SOL structures. In the same window, XRP ETF products attracted $16.79 million of fresh capital. XRP-USD was not green; it still fell about 2–3% toward $1.61–$1.66. But the flow profile is different: institutions are using ETF wrappers to reduce Bitcoin and Ethereum exposure into weakness while stepping into XRP exposure on the same day. That is a rotation signal, not just a generic risk-off dump.

XXRP 2X LONG XRP ETF: 5.78M FRESH CASH INTO PURE LEVERAGE

Teucrium’s XXRP 2x Long Daily XRP ETF saw $5.78 million in net inflows on January 27, 2026. That single-day move represented about 2.85% of its assets under management, lifting AUM to roughly $202.95 million. This is happening while XRP-USD trades near $1.87 and sits about 27.3% lower over three months, with short-term technical signals flashing “Strong Sell” on a one-day basis. In other words, traders are adding leveraged long exposure exactly while the token is in a downtrend and ETF analysts still flag negative momentum. When a 2x product takes in nearly 3% of its AUM in one session, it tells you high-beta money is deliberately seeking rebound exposure, not scrambling to de-risk. This behaves like a positioning reset after a flush: weak longs are gone, structurally bearish speculators are crowded, and aggressive players are paying for convexity on any upside surprise.

XRP-USD TECHNICALS: UNDER THE 50D/100D/200D EMA WITH 1.81 AND 1.61 AS REAL LINES IN THE SAND

On the daily chart, XRP-USD trades below all key moving averages. Price sits under the 50-day EMA at about $2.01, below the 100-day EMA near $2.14, and well under the 200-day EMA around $2.28. That triple-stack above spot is a classic bearish alignment for trend followers. The Relative Strength Index hovers near 40, showing building downside momentum but not yet true capitulation. The MACD remains below its signal line, telling systematic models to stay defensive. Immediate support sits around Sunday’s low at $1.81, with a deeper line at April’s support near $1.61. If XRP-USD loses $1.61 on a daily close with volume expanding, you are looking at a clean breakdown scenario and a likely hunt for liquidity lower. On the upside, bulls need to reclaim $2.01 first, then grind back over $2.14 and $2.28 to flip the moving-average stack from resistance to support. Only above those levels does a credible path to $3.00 reopen.

CYCLE CONTEXT: 50% BELOW THE 2025 PEAK DESPITE $1.3B+ ETF INFLOWS

The medium-term picture is blunt. XRP hit $3.65 on July 18, 2025, its highest level since the January 2018 all-time high of $3.84. Today, XRP-USD trades near $1.60–$1.90, roughly 50% below that recent cycle peak, even after regulatory clarity improved and the ETF complex pulled in about $1.3 billion in inflows since November 2025. Part of the gap comes from profit-taking after the post-lawsuit relief rally, part from capital rotation back into Bitcoin and Ethereum once their spot ETFs captured headlines, and part from the broader deleveraging that took total crypto market cap from around $2.84 trillion down toward $2.6–$2.7 trillion during the latest shock. Wall Street desk targets for 2026 on XRP range in the $3–$8 band, but the tape is nowhere near pricing that optimism. Right now the market is discounting XRP as a laggard that has yet to prove it can sustain a move back through its prior resistance walls.

POSITIONING DATA: FUTURES OPEN INTEREST AT $3.43B AND SIX DAYS OF ETF INFLOWS

Derivatives data adds more structure around the ETF story. Futures open interest on XRP holds near $3.43 billion, only slightly down from $3.45 billion the prior day, even as spot price slips below $1.90. That flat OI profile in a falling market means traders are not rushing to build fresh longs, but they are not panic-closing en masse either; exposure is being rotated rather than liquidated. Combine that with about $7 million in a single-day ETF inflow and six consecutive days of net new money into XRP ETF products, and the pattern is clear: retail and high-leverage speculators are getting flushed out of the coin, while regulated products show slow, sticky accumulation. From a professional perspective, ETF flow plus stable OI in a drawdown is closer to an “early accumulation” signal than a late-stage blow-off.

MACRO AND CROSS-ASSET CONTEXT: 2.5B LIQUIDATIONS, 1.1B ETH WIPED OUT, CRYPTO $220B SMALLER

The entire setup sits on top of a violent macro backdrop. Over a 24-hour window, forced liquidations approached $2.5 billion across major coins, with Ethereum (ETH-USD) alone accounting for about $1.1 billion. Total crypto market capitalization shrank by roughly $220 billion, from around $2.84 trillion to $2.62 trillion, in a weekend dominated by thin liquidity and geopolitical shock headlines. Separate reporting shows that ETH whales holding 10,000–100,000 coins offloaded more than 1.1 million ETH in a week—roughly $2.8 billion at current pricing—breaking critical support near $2,500–$2,550 and confirming a bearish wedge that projects another 16% downside toward the mid-$2,400s or lower. At the same time, a partial U.S. government shutdown and rate-path uncertainty triggered a risk-off pivot in ETF products, with Bitcoin ETFs losing $509.7 million and Ether ETFs $252.9 million in one session. Against that backdrop, XRP ETF inflows look less like a random blip and more like a deliberate cross-asset rotation by desks seeking alt exposure that is not already crowded.

REGULATORY AND ETF PIPELINE: CANARY CAPITAL’S ROADMAP TOWARD A POTENTIAL BLACKROCK XRP FILING

On the structural side, ETF specialists like Steven McClurg from Canary Capital are already mapping a probable path toward a future BlackRock XRP ETF, even if no filing exists yet. His view is simple: large providers do not lead demand; they respond to it. BlackRock only moved on Bitcoin ETFs once institutional clients were pushing hard enough. He expects a similar pattern for XRP, targeting a potential window around late 2026 or 2027, assuming three conditions line up: sustained institutional demand, a large and liquid underlying market, and clearer regulatory guardrails. XRP is slowly ticking those boxes. The token already trades with deep spot liquidity, the ETF complex holds over $1.1 billion in AUM within months of launch, and the regulatory picture, while not risk-free, is objectively cleaner than during the 2020–2023 lawsuit period. For the current XRP ETF, XRPI, XRPR, and Bitwise products, that optionality matters: the entire complex becomes the plumbing layer and the proof-of-concept for any future flagship filing by a mega-manager.

TACTICAL VERDICT: XRP ETF, XRPI, XRPR, BITWISE RATED SPECULATIVE BUY ON FLOW DIVERGENCE

Put everything together: XRP-USD trading 50% below its July 2025 high at $3.65, XRPI ETF and XRPR ETF printing fresh yearly lows at $9.83 and $14.11 respectively, nearly $2.5 billion in market-wide liquidations, and ETH whales unloading $2.8 billion in a week. At the same time, XRP-backed ETFs are the only major crypto segment showing net inflows—$16.79 million in one session, six days in a row of positive flow, more than $1.18 billion raised since November 2025, and even a 2x product like XXRP pulling in $5.78 million in a single day. Bitcoin, Ethereum, and Solana ETFs are bleeding roughly $774 million over the same window. That is not random noise; it is a clear rotation pattern. Based strictly on the data you provided, the stance here is bullish but highly tactical. The XRP ETF complex—XRPI, XRPR, and the Bitwise XRP fund—qualifies as a speculative Buy for investors who can tolerate heavy volatility and drawdown, with invalidation roughly below XRP-USD $1.50 and structural upside if ETF flows stay positive while price grinds back above $2.00, $2.14, and $2.28. The risk is obvious: a clean break of $1.61 and a collapse in ETF inflows would flip this setup back to a Sell. Right now, the flows, the positioning, and the rotation out of BTC and ETH ETFs justify leaning long the XRP ETF segment with size controlled and time horizon measured in quarters, not days.

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