XRP ETFs Snap Back: XRPI and XRPR Climb as XRP-USD Defends $1.40

XRP ETF rotation – XRPI, XRPR and XRP-USD after the latest flow shock

Short-term tape – XRPI and XRPR stabilise while XRP-USD grinds around $1.40–$1.45

XRPI ETF on NASDAQ trades near $8.15, up about 1.4% versus a previous close at $8.04, after moving between $7.97 and $8.21 during the session. That keeps XRPI just above the recent floor around $8.00, but still sitting deep inside a violent 52-week range of $6.50–$23.53. Average turnover of roughly 546K shares points to solid liquidity without the blow-off characteristics of a mania phase.
XRPR ETF on BATS changes hands around $11.76, up roughly 1.7% from $11.56, within a daily band of $11.48–$11.76 and a 52-week corridor of $9.50–$25.99. The current tape is calm, but the range shows XRPR has already delivered more than 2x swings in this cycle. Average volume around 11.7K shares makes price more sensitive to incremental demand than XRPI.
Underneath both sits XRP-USD hovering in the $1.40–$1.43 area. One snapshot has the token at $1.42241, down about 27.7% over three months. Price trades below key moving averages and carries a Strong Sell one-day technical label on some models, so today’s resilience in XRPI and XRPR is happening against a still-fragile underlying chart.

ETF flow rotation – BTC and ETH lose assets while XRP and SOL funds quietly attract fresh money

Flow tables show a clear split between the leaders and the rotation targets. Over the week ending 13 February 2026, XRP ETFs absorbed more than $33 million of net inflows, breaking a four-week stretch of net redemptions across the wider crypto ETF space. That is a decisive swing from “sell everything” to “selectively add XRP exposure”.
On 19 February, daily ETF data shows Bitcoin ETFs with about $165.8 million of outflows and Ethereum ETFs with roughly $130.1 million of outflows, while Solana ETFs took in around $5.94 million and XRP ETFs added approximately $4.05 million. The absolute dollars are smaller for XRP than for BTC or ETH, but the direction is inverted. Capital is not fleeing crypto as an asset class; it is rotating from the two giants into higher-beta altcoins, with XRP squarely on the receiving end.
Cumulatively, XRP-linked ETFs now sit on roughly $1.23 billion of net inflows and over $1 billion of AUM, even after the pullback from the early-January peak near $1.65 billion. The structural ownership base of XRP ETFs remains large; the market has trimmed but not abandoned exposure.

Franklin XRPZ inflow – a 0.65% AUM jolt that explains today’s resilience in XRP ETF pricing

On 17 February 2026, Franklin XRP ETF (XRPZ) logged an inflow of about $1.53 million, lifting its assets under management to roughly $234.6 million. That single-day subscription is around 0.65% of fund AUM. For a seasoned product, a move of that magnitude in one session is a clear expression of conviction, not background noise.
This fresh money arrived while XRP-USD trades near $1.42, still down almost 28% over three months and screens as a short-term sell on several models. That means investors are adding via ETF wrappers into price weakness, not chasing strength. For XRPI and XRPR, this type of activity is the template: regulated buyers using drawdowns in XRP spot to quietly scale positions in listed products, rather than speculative chasing of new highs.

Derivatives and liquidity – shrinking futures OI, exchange deposits and the ‘coiling’ backdrop for XRP-USD

The derivatives tape is more cautious than the ETF tape. XRP futures open interest has slipped to around $2.32 billion from $2.45 billion the previous day. That compares to a retail-driven OI high near $4.55 billion on January 6 and an all-time OI peak around $10.94 billion last July. Leveraged participation is structurally lower; the market is running with less speculative fuel than at the last euphoric phase.
At the same time, exchange-flow monitoring shows renewed liquidity compression, with large deposits into Binance and other venues signalling that liquidity is bunching up and order books are thinner. Historically, similar patterns in XRP — heavy exchange deposits and tight on-book liquidity — preceded large volatility expansions, often to the upside, as small catalysts forced price to gap through sparse depth.
The combination of falling futures OI and compressed exchange liquidity means XRP looks coiled. There is less room for a slow, well-hedged grind. Once price convincingly breaks either side of the current band, moves in XRP-USD can be sharp, and ETFs like XRPI and XRPR will transmit that violence one-for-one into listed markets.

Technical map for XRP-USD – $1.40 support fighting a stacked ceiling up to $2.12

Technically, $1.40 is the key line that keeps this structure intact. XRP is holding above that support, but the entire moving-average stack remains overhead. The 50-day EMA sits around $1.69, the 100-day EMA near $1.90, and the 200-day EMA around $2.12. Price in the low-$1.40s is below all three, so the primary trend remains down.
A volatility-sensitive overlay such as SuperTrend still caps rebounds in the $1.70–$1.72 area. Until XRP trades decisively above that zone and flips the trend filter from bearish to bullish, bounces are technically rallies into resistance rather than the beginning of a new leg higher.
Momentum models reinforce the pressure. One framework shows XRP at $1.4294, below the 20-day moving average around $1.4619, well under the 50-day near $1.7937 and far below the 200-day around $2.3562. The Ichimoku Kijun lines up near $1.5316, providing the first major resistance. Directional strength (ADX roughly 38) is firm, RSI around 38 and CCI near −50 stay in sell territory without flashing oversold, the MACD remains on a sell crossover, Stochastic RSI is neutral, and Bull/Bear Power is slightly negative.
Near-term projections map a five-day trading corridor around $1.28–$1.47, with low odds of a clean upside breakout. One-month and three-month paths tilt toward $0.8459 (about −41%) and $1.0013 (about −30%) before a one-year drift back toward roughly $1.4886, a modest +4% from current levels. For XRPI and XRPR, that implies more time spent in consolidation bands than in trending mode unless key resistance levels like $1.53 and $1.69 give way.

Institutional infrastructure – loans, treasuries and yield products pushing demand into XRP ETFs

On the infrastructure side, the picture is much more constructive than at earlier points in the cycle. A new XRP treasury model has been introduced that allows regulated access with embedded yield, giving corporates and institutions a way to hold XRP exposure with cash-flow characteristics rather than dead capital. Within the Xaman XRP wallet, three dedicated yield providers are close to launch, offering on-ledger yield strategies for holders.
SBI Ripple Asia has announced its first partnership with an XRPL-native protocol to build institutional-grade XRP yield products, effectively turning XRP into a balance-sheet tool for banks and financial firms that want to combine tokenised payments with yield.
In parallel, Coinbase has expanded its crypto-backed loan programme to accept XRP, ADA, LTC and DOGE, allowing users to borrow up to $100,000 in USDC against these tokens. For XRP, the loan-to-value cap sits at 49%, with liquidations starting at 62.5%. The loan book already exceeds $1.9 billion, and XRP’s inclusion pulls it deeper into credit and collateral infrastructure.
Every one of these developments increases the natural addressable base for XRP ETFs. Compliance-sensitive allocators that cannot or do not want to touch spot tokens directly will often prefer wrappers like XRPI, XRPR, XRPZ or a future blue-chip ETF to gain exposure that interacts cleanly with treasury, collateral and risk systems.

BlackRock XRP ETF scenario and the “+200%” narrative – implications for XRPI, XRPR and XRP-USD

The speculative but important angle is the large-manager ETF case. A formal filing for an XRP ETF by a heavyweight such as BlackRock introduces the possibility of a multi-billion-dollar wall of new demand. Analysts floating a “+200%” upside scenario for XRP in 2026 are effectively modelling that outcome: a regulated, simple product from the largest asset manager pushing traditional capital into a still-undercrowded asset.
If XRP ETFs as a group already hold over $1 billion with more than $1.23 billion in cumulative inflows, and if relatively small flow changes like the $1.53 million into XRPZ or the $4.05 million daily net inflows on 19 February can stabilise price into a −27.7% three-month drawdown, then a launch that attracts an additional $2–3 billion over a first cycle could move the needle materially.
A 200% move from roughly $1.40 points toward the $4.20 zone for XRP-USD. That is an aggressive outcome, not a base case, but it is mechanically plausible if ETF demand, regulatory clarity and macro risk appetite line up while derivatives liquidity stays thinner than in prior cycles.
For XRPI at $8.15 within a $6.50–$23.53 annual range and XRPR at $11.76 inside $9.50–$25.99, such a repricing would not map perfectly one-to-one because of structure, fees and tracking effects, but it would very likely pull ETF prices back toward the upper teens to mid-twenties over a full bullish phase.

Risk balance – where the XRP ETF trade can still break down despite supportive flows

The upside story is compelling, but the weak points are visible in the same data. Technically, XRP remains below every key moving average, and the market has so far failed to retake the $1.53 resistance cluster. Until price is back above the Kijun and the 50-day EMA near $1.69, the working assumption remains that rallies are counter-trend moves.
The slide in futures open interest from $2.45 billion to $2.32 billion may reduce the risk of a cascade of long liquidations, but it also means there is less depth to absorb selling once $1.40 breaks. If that level fails on high volume, the natural magnets lie at $1.25 and $1.12, with ETFs like XRPI and XRPR likely to gap lower rather than drift.
ETF flows themselves are volatile. The same environment that produced $33+ million of weekly net inflows and $4.05 million of daily XRP ETF subscriptions can turn on a headline, especially while Bitcoin and Ethereum ETFs are printing one-day outflows of $165.8 million and $130.1 million. If XRP joins BTC and ETH on the redemption side of the ledger, XRPI and XRPR will be forced sellers of the underlying.
On top of that sits the policy and regulation overhang. Discussions around legislation such as the CLARITY Act, court decisions on tariffs and broader political noise influence risk budgets even when the direct link to XRP is not obvious. Markets will demand a premium for regulatory uncertainty until there is durable clarity.

Verdict – stance on XRPI, XRPR and XRP-USD with levels that matter

Taken together, the picture is mixed but tilted away from outright pessimism. XRP-USD carries a deep three-month drawdown, trades below all major moving averages and faces modelled paths toward $0.84–$1.00 on a one- to three-month horizon, yet ETF flows are back to positive territory, cumulative ETF AUM is above $1 billion, capital is rotating from BTC/ETH into SOL/XRP, and structural yield and collateral infrastructure around XRP is getting stronger.
On that basis, XRP-USD justifies a HOLD with a constructive bias, anchored on $1.40 as the pivot. Above $1.40, the upside ladder runs through $1.48, $1.67, $1.69, $1.90 and $2.12. A sustained break above the $1.53–$1.69 resistance zone would be the confirmation that the next leg of the cycle is underway. A clean daily close below $1.40 opens a path toward $1.25 and $1.12, which would force a reassessment of the entire bullish narrative.
For XRPI, current pricing around $8.15 near the lower half of its annual range and backed by improving flows supports a speculative BUY for capital that accepts volatility and uses high-$7s as a soft line for risk control if XRP loses $1.40. The fund offers liquid, exchange-listed exposure into the structural story without requiring direct token handling.
For XRPR, the profile is similar but with even higher torque. At $11.76 inside a $9.50–$25.99 range and running on much lighter volume, XRPR should be treated as a higher-beta satellite BUY, sized smaller than XRPI. It will likely outperform XRPI on both the way up and the way down as flows concentrate.
The core takeaway is straightforward. The XRP ETF complex – XRPI, XRPR and peers – has moved into a high-volatility accumulation phase: price is still digesting a prior bubble, structural flows are quietly turning back to positive, and the next headlines around regulation and blue-chip ETFs will decide whether this base launches into a new cycle or breaks down toward the low-$1 area before rebuilding.

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