XRP ETF Price — Bitwise Drives $11.31M Weekly Inflow as XRP Slides to $1.345 and ETF Holders Sit $230M Underwater

U.S. spot XRP ETFs tracked XRP lower on Tuesday, October 13, 2026, as the token fell 4.5% to $1.345 over 24 hours. XRP traded between a low of $1.31 and a high of $1.42, with $2.03 billion to $2.15 billion of volume. At $1.345, XRP carries a market capitalization of about $84.9 billion, ranking fifth among cryptocurrencies, and has lost 12.5% over seven days.

The spot funds hold physical XRP, so their net asset values move almost one-for-one with the token. Tuesday’s 4.5% drop cut the value of every fund in the category by roughly the same amount. The funds’ share prices fell in line.

Flows tell a different story from price. U.S. spot XRP ETFs drew $11.31 million of net inflows in the week of October 5 to 9, even as XRP fell from about $1.52 to $1.40 and briefly touched $1.32. That extended a streak of consecutive weekly inflows to 12 weeks on SoSoValue’s count, and 13 on some tallies. XRP was the only one of the four major crypto ETF groups, alongside bitcoin, ether and Solana, to finish that week with net inflows.

The gap between money in and value held has widened. Total XRP ETF net assets stand at about $1.57 billion, against roughly $1.80 billion of cumulative net inflows since launch. That leaves a gap of about $230 million, a rough measure of aggregate paper losses for ETF buyers. The net assets equal about 1.80% of XRP’s market capitalization.

The thesis for this analysis is direct: XRP ETFs have the most resilient flow profile in crypto, with a 12-week inflow streak while bitcoin funds lost $681 million in a week, but the inflows are concentrated in a single issuer and too small to offset spot-market selling. Bitwise supplied $10.55 million of the $11.31 million weekly total. ETF buyers are now underwater by about $230 million, and XRP’s $1.31 floor is the line that decides whether those buyers keep adding or start redeeming.

The Weekly Tape: $11.31 Million In, Three of Five Sessions Flat

The week of October 5 to 9 shows how thin the inflows have become. Total net inflows came to $11.31 million across five trading days. Three of those five sessions recorded zero net flow.

Bitwise’s XRP ETF carried the week. Bitwise took in $10.55 million, nearly the entire weekly total. Franklin Templeton’s XRPZ added about $4.10 million. Canary Capital’s XRPC recorded a $3.34 million outflow. Excluding Bitwise, every other fund combined added only about $760,000 net.

The lifetime scoreboard shifted with it. Bitwise now leads with $688 million of cumulative net inflows. Franklin’s XRPZ is second at $509 million. Canary’s XRPC, the first spot XRP ETF to launch, is third at $487 million. Grayscale’s GXRP and 21Shares’ TOXR account for most of the remaining cumulative inflows.

The previous week was weaker. On October 2, a $3.28 million outflow coincided with a $37 million drop in assets, leaving XRP ETF investors about $133 million underwater at the time. On October 6, cumulative inflows stood at $1.794 billion against $1.697 billion of net assets, a gap of $97 million. By the end of the week, the gap had widened to about $230 million as XRP fell.

The trend in the gap matters. In four trading days, the paper loss for ETF holders more than doubled, from $97 million to $230 million, as XRP fell from above $1.50 toward $1.40. Tuesday’s further decline to $1.345 has widened it again.

Early October flows were muted overall. Inflows in the first days of October totaled just $4.74 million, a sharp slowdown from the pace of August and September.

For the analysis, the weekly tape shows steady but shrinking demand. The streak is alive, but it now depends on one issuer, and the dollar amounts are a fraction of what they were in late summer.

From Record August to Muted October: The Flow Trajectory

XRP ETF flows peaked in late summer. August 2026 brought a record $153 million of net inflows. September added $121.4 million. October, through the first nine days, has added roughly $16 million.

The record week came at the end of August. Spot XRP ETFs pulled in $110.49 million in the week ending August 28, the best five-day performance since the week ending December 5, 2025. All five trading days that week saw double-digit inflows: $13.82 million on Monday, $23.87 million on Tuesday, $28.14 million on Wednesday, $18.47 million on Thursday and $26.20 million on Friday. Wednesday’s $28.14 million was the best single day since January 5, when the funds took in more than $46 million.

That week reshaped the category. Cumulative net inflows reached $1.66 billion, a new all-time high. Total net assets jumped from about $933 million to $1.44 billion in a single week. On August 28, XRP ETFs took in $26.20 million while bitcoin funds lost $201.81 million and Ethereum funds lost $102.18 million.

Flows stayed positive into September. By September 6, cumulative inflows reached about $1.68 billion and net assets stood near $1.48 billion. The gap between inflows and assets, about $200 million, already showed that many ETF buyers were underwater.

The spring was steadier. XRP ETFs took in $81.59 million in April, $131.94 million in May and $59.46 million in June. Only one month since the November 2025 launch has seen net outflows: March 2026, at about $31 million.

The cumulative growth is impressive for a young category. From launch in November 2025 to October 2026, spot XRP ETFs have gathered about $1.80 billion of net inflows. Bitwise alone has gathered $688 million.

For the analysis, the trajectory shows a category that has matured past its launch surge. Inflows remain positive but have slowed to a trickle as XRP’s price has fallen.

Bitwise Dominance: $688 Million of Lifetime Inflows and a 0.34% Fee

Bitwise’s XRP ETF has become the category leader. It holds $688 million of cumulative net inflows, more than any other spot XRP fund, and it supplied 93% of last week’s category inflows.

Bitwise’s fund charges 0.34% a year and uses Coinbase as custodian. The sponsor waived its fee on the first $500 million of assets through December 19, 2025, and has charged the full 0.34% rate since. The fund is listed on NYSE Arca.

The filings show the scale of its holdings. As of June 30, 2026, the trust held about 286.8 million XRP with a market value of $298.65 million, based on an XRP price of $1.04 used to calculate NAV. During the first six months of 2026, the fund added about 181.5 million XRP worth $269.85 million through share creations, while redeeming about 25.6 million XRP worth $34.26 million.

The fund’s assets have grown since. With XRP rising from $1.04 at the end of June to the $1.40 to $1.55 range in late September and early October, and with continued inflows, Bitwise’s assets climbed above $600 million. At $1.345, its assets are lower than at the late-September peak but well above June levels.

First-mover advantage did not decide the category. Canary Capital’s XRPC launched first but now ranks third with $487 million of lifetime inflows, and it lost $3.34 million last week. Bitwise’s brand, distribution through financial advisers and Coinbase custody have helped it gain share.

Franklin Templeton’s XRPZ brings a traditional asset manager’s distribution. Its $509 million of lifetime inflows ranks second, and it added about $4.10 million last week.

Concentration is a risk. When one fund supplies nearly all of a category’s inflows, the streak depends on that fund’s client base. A pause in Bitwise’s flows would end the streak.

For the analysis, Bitwise is the bellwether. Its daily flows are the best single indicator of institutional demand for XRP.

The $230 Million Paper Loss: ETF Buyers Are Underwater

The gap between cumulative inflows and net assets is a rough measure of ETF holders’ aggregate paper loss. At about $230 million, it has grown rapidly as XRP has fallen.

The math is simple. Investors have put about $1.80 billion into spot XRP ETFs since launch. Those holdings are now worth about $1.57 billion. The difference reflects XRP’s decline from the prices at which many investors bought.

Many bought higher. XRP traded as high as $2.65 over the past 12 months and hit an all-time high of $3.65 on July 17, 2025, before the ETFs launched. The funds launched in November 2025, when XRP traded well above current levels. Inflows in late 2025 and early 2026 came at prices far above $1.345.

The gap has widened fast. It stood at about $97 million on October 6, $133 million on October 2 and about $230 million by the end of the October 5-9 week. Tuesday’s drop to $1.345 has added to it.

Underwater holders behave in two ways. Some hold and add on dips, lowering their average cost. That pattern explains the continuing inflows. Others reach a pain threshold and redeem, which turns the gap into realized losses and adds selling pressure.

The ratio to market cap matters. At 1.80% of XRP’s market capitalization, ETF holdings are significant but not dominant. They cannot by themselves move XRP’s price against heavy spot selling. But a wave of redemptions would add meaningful supply.

XRP ETF buyers have so far refused to quit. Despite sitting on a $230 million paper loss, they added $11.31 million last week. That resilience distinguishes XRP ETF holders from bitcoin and ether ETF holders, who have been redeeming heavily.

For the analysis, the paper loss is a growing risk. If XRP breaks below $1.31, the gap would widen toward $300 million, and the inflow streak could end.

Crypto ETF Comparison: XRP Inflows vs. $681 Million of Bitcoin Outflows

XRP ETFs stand out against the rest of the crypto ETF market. In the week of October 5 to 9, U.S. bitcoin ETFs lost about $681 million, Ethereum ETFs lost $542 million and Solana ETFs lost $24.8 million. XRP ETFs took in $11.31 million.

Bitcoin funds are bleeding. Spot bitcoin ETFs lost $484.9 million on October 7 and $244.1 million on October 8. On Monday, October 12, they lost another $65.4 million, all from BlackRock’s IBIT. October flows for bitcoin ETFs have swung from a $321.4 million surplus after October 6 to a deficit of about $452 million.

Ethereum funds are in worse shape. Spot Ethereum ETFs lost $85.4 million on Monday, extending their outflow streak to 10 straight trading days. Ethereum ETF assets stand at $15.86 billion.

Solana funds just turned negative. Spot Solana ETFs ended 14 consecutive weeks of inflows with the $24.8 million outflow in the week to October 9, and lost another $0.7 million on Monday.

Why XRP is different is not entirely clear. Part of the answer is investor base. XRP has a large and committed retail following that has moved into ETFs through brokerage accounts. Part is timing: the XRP ETFs are newer, and their holders may be earlier in their holding period. Part is Ripple’s institutional story, including RLUSD’s growth and Standard Chartered’s custody launch.

The relative resilience is real but limited. A single week’s comparison does not establish that XRP ETF demand can absorb continued selling in the spot market. XRP itself fell about 8% over the same week despite the inflows.

For the analysis, XRP ETFs are the strongest crypto ETF category on flows, but that strength has not translated into price support. Spot-market selling has overwhelmed ETF buying.

Evernorth’s XRPN: A Sell-the-News Debut for the Largest XRP Treasury

Evernorth’s Nasdaq debut added a new public vehicle for XRP exposure this week. Evernorth completed its SPAC merger with Armada Acquisition Corp. II on October 9 and began trading on Nasdaq under the ticker XRPN on October 12. The listing was originally expected for October 8.

The treasury is large. At closing, Evernorth held about 473 million XRP, roughly 0.75% of XRP’s supply, plus about $300 million in gross cash. At $1.345, the XRP holdings are worth about $636 million. Evernorth says it is the largest publicly traded pure-play XRP treasury company.

The backers are prominent. Evernorth is backed by Ripple, Kraken, Pantera, SBI, Arrington Capital and GSR. CEO Asheesh Birla spent 12 years at Ripple. Michael Arrington, founder of Arrington Capital, called the company an extension of his XRP thesis.

The strategy differs from an ETF. Evernorth plans to grow its XRP per share through yield strategies, lending, market liquidity and DeFi participation, rather than simply holding the token passively like an ETF.

The debut was a sell-the-news event. XRP fell 4.9% on the day XRPN began trading. Traders who had bought XRP ahead of the listing took profits once it happened.

Evernorth’s cost basis is a concern. Evernorth bought about 84 million XRP on the open market at an average of $2.54. At $1.345, those coins carry a paper loss of roughly 47%. Evernorth has not committed to buying more XRP after the listing, though it has access to a $30 million convertible note earmarked for additional purchases.

The closing-bell ceremony is set for October 14. Evernorth’s executives will ring the Nasdaq closing bell on Wednesday, the same day as the September CPI release.

For the analysis, Evernorth is a competitor to the ETFs for investor capital. Investors who want XRP exposure through a stock now have a choice between a passive ETF and an actively managed treasury company.

Korea, Liquidations and Exchange Reserves: Why XRP Fell Despite Inflows

XRP’s decline this week came from forces the ETFs cannot offset.

The Korean shock hit first. South Korea’s KOSPI fell 5.46% on Tuesday after Chinese DRAM maker CXMT announced a new server DRAM design, triggering a sell-side sidecar on the Korean exchange. Korean exchanges hold about 76% of tracked XRP reserves, which makes XRP unusually exposed to Korean investors.

Korean exchange reserves have been rising. Upbit’s XRP reserves rose from 6.39 billion to 6.45 billion, an increase of 60 million XRP, between September 23 and October 13. Bithumb’s rose by about 30 million. Rising exchange reserves typically signal that holders are positioning to sell. A Korean equity crash raises the risk of margin calls that force crypto sales.

Binance moved the other way. Binance’s XRP reserves fell by 101 million XRP between September 27 and October 13, and its withdrawal share rose from 52% to 54%. Withdrawals from exchanges usually signal accumulation for long-term holding.

Leverage unwound violently earlier this month. XRP climbed from about $1.00 in August to $1.55 to $1.60 in early October as open interest rose to about $620 million. A single-session liquidation cascade then wiped out more than $610 million of positions. Longs still outnumber shorts by about 2 to 1, which leaves room for further long liquidations.

The moving averages converged. XRP’s 50-day moving average sits at $1.3949 and its 200-day at $1.3902, a gap of just 0.47 cents, the narrowest of the year. Both sit about 4.5 cents above the current price, turning them into resistance.

A critical bug was patched. The XRP Ledger Foundation confirmed an emergency patch on October 12 for a vulnerability in the ledger’s payment engine that had existed since 2015 and could have allowed the minting of trillions of XRP. No unauthorized XRP was minted. The fix removed a tail risk but briefly unsettled sentiment.

For the analysis, XRP’s decline reflects Korean selling, leverage unwinding and a sell-the-news reaction to Evernorth. ETF inflows of $11 million a week cannot offset those forces.

Ripple’s Institutional Story: RLUSD at $2.52 Billion, Standard Chartered Custody

Ripple’s business developments support the long-term case for XRP ETF holders, even if they have not moved price this week.

RLUSD is growing fast. Ripple’s dollar stablecoin has reached a record supply above $2.52 billion, with about $1.053 billion on the XRP Ledger. Daily RLUSD trading volume has grown to $750 million from $200 million in January. Supply grew by more than 50% in a single month.

Standard Chartered began institutional custody of RLUSD on October 12 through its Dubai branch in the DIFC, regulated by the Dubai Financial Services Authority. Standard Chartered also announced a collateral arrangement with LMAX for RLUSD, not yet live.

Ripple holds European authorization. Ripple received full crypto-asset service provider authorization under MiCA from Luxembourg’s CSSF on July 6. RLUSD does not yet hold MiCA e-money token authorization for EU listing.

The XRP Ledger lending amendment has stalled. The LendingProtocol amendment has 17 of 25 validator votes, short of the 80% threshold of 20 votes sustained for two weeks needed to activate. A lending protocol would create new on-chain demand for XRP.

Escrow releases add supply. Ripple released 1 billion XRP from escrow on October 1 and relocked 700 million. XRP held near $1.49 that day.

Institutional holders are visible. Goldman Sachs holds about $87.4 million of XRP ETF exposure according to filings. Leveraged products have also grown, with XXRP, a leveraged long XRP fund, holding $151.5 million in assets. Teucrium’s 2x Short XRP ETF became effective on October 11, giving traders a new way to bet against XRP.

Ripple’s Swell conference arrives later this month. Ripple’s largest-ever Swell conference falls in the same week as the Fed’s October 27-28 meeting.

For the analysis, Ripple’s institutional growth supports the case for ETF inflows over months. It has not prevented XRP’s price decline this week.

Macro: CPI Wednesday, the Fed on October 28

Macro conditions shape crypto ETF flows. September U.S. CPI arrives Wednesday, October 14, at 8:30 a.m. ET, the same day as Evernorth’s Nasdaq closing-bell ceremony.

The Fed is tightening. The Fed raised its target range to 3.75%-4.00% on September 16. Futures price a 21% chance of an October hike and an 88% chance by December. Cleveland Fed President Beth Hammack argued Monday for a relatively quick move to a more restrictive stance.

Rates weigh on crypto. The 10-year Treasury yield sits at 5.22% after reaching its highest since 2002. Higher yields reduce the appeal of non-yielding assets like XRP and tighten liquidity.

A soft CPI print would help. It would ease hike fears, pull yields lower and give crypto investors a reason to add. That could revive ETF inflows across the category.

A hot print would hurt. It would push yields higher, revive October hike odds and likely trigger further outflows from bitcoin and ether ETFs, with XRP ETFs exposed if their holders finally capitulate.

The October calendar is crowded. The Fed meets October 27-28, followed by Ripple’s Swell conference. The U.S. midterms follow on November 3, with geopolitical risk around Iran. Options expiry hits Friday, October 16.

Prediction markets reflect the uncertainty. Odds for XRP’s October range put a 50.5% chance on XRP reaching $1.40, 38% on falling to $1.20, 15% on reaching $1.60 and 5.5% on reaching $1.80.

For the analysis, CPI is the trigger for the next leg in XRP ETF flows. A soft print supports continued inflows; a hot one threatens the streak.

Technical Levels for XRP ETFs: $1.31 Floor, $1.39-$1.40 Moving-Average Ceiling

Because spot XRP ETFs track the token, XRP’s technical levels define the funds’ path.

The support levels are clear. The first is $1.3189, then $1.31, Tuesday’s low. The second is $1.20, a level that prediction markets assign 38% odds of reaching in October. The third is $1.00, the August starting point of the summer rally.

The resistance levels are layered. The first is $1.38, a level traders expect XRP to test before any rally. The second is $1.39 to $1.40, where the 50-day and 200-day moving averages converge. The third is $1.4153, the 21-period EMA on the four-hour chart. The fourth is $1.4458 to $1.4508, where a bearish break of structure occurred last week and the 55-period EMA sits. Above that, $1.52, $1.531 and $1.55 to $1.60 mark the early-October highs.

The distance math from $1.345 sets the risk-reward. Upside to $1.40 is 4.1%. Upside to $1.4458 is 7.5%. Upside to $1.55 is 15.2%. Downside to $1.31 is 2.6%. Downside to $1.20 is 10.8%. Downside to $1.00 is 25.7%.

The ETF implications follow. A break below $1.31 would push the ETF paper loss toward $300 million and test the resolve of underwater holders. A recovery above $1.40 would shrink the gap and likely encourage fresh inflows.

The moving-average convergence matters. With the 50-day and 200-day averages separated by less than half a cent, a decisive move in either direction would generate a strong technical signal. A close above both would be bullish; failure beneath them keeps the trend down.

For the analysis, $1.31 is the line for ETF holders. Below it, the inflow streak is at risk.

Verdict: Streak Alive but Fragile; $1.31 Must Hold, Soft CPI Opens $1.4458

The verdict on XRP ETFs for October 13 is cautious with a resilient-flows caveat. Spot XRP ETFs extended their inflow streak to 12 weeks with $11.31 million in the week to October 9, while XRP fell 4.5% on Tuesday to $1.345.

The bear case rests on price and concentration. XRP has lost 12.5% in seven days and 63% from its $3.65 all-time high. ETF net assets of $1.57 billion trail cumulative inflows of $1.80 billion by about $230 million, a gap that more than doubled in four trading days. Bitwise supplied $10.55 million of last week’s $11.31 million; every other fund combined added only about $760,000. Canary’s XRPC lost $3.34 million. Three of five sessions recorded zero net flow. October inflows are a fraction of August’s record $153 million. Evernorth’s XRPN debut triggered a 4.9% sell-the-news drop. Korean exchange reserves rose by about 90 million XRP as the KOSPI crashed 5.46%.

The bull case rests on resilience and institutional growth. XRP ETFs were the only major crypto ETF group with inflows in a week when bitcoin funds lost $681 million and Ethereum funds $542 million. Only one month since launch has posted net outflows. Bitwise has gathered $688 million, XRPZ $509 million and XRPC $487 million. Goldman Sachs holds $87.4 million of XRP ETF exposure. RLUSD supply exceeds $2.52 billion, and Standard Chartered launched institutional custody. Binance reserves fell 101 million XRP.

The levels are clear. Support at $1.3189 and $1.31, then $1.20 and $1.00. Resistance at $1.38, then $1.39 to $1.40, then $1.4153 and $1.4458 to $1.4508, then $1.55 to $1.60.

The forecast: XRP holds $1.31 through Wednesday’s CPI, and a soft print lifts XRP through the $1.39 to $1.40 moving-average ceiling toward $1.4458, a 7.5% gain that would shrink the ETF paper loss and support another week of inflows. A hot print and a break below $1.31 would trigger long liquidations toward $1.20, a 10.8% decline, widen the ETF gap toward $300 million and put the 12-week inflow streak at risk. Ripple’s Swell conference and the Fed’s October 28 decision are the late-October catalysts that could turn the trend; until then, XRP ETF flows are a sign of committed holders, not a source of price support.

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