XRP ETFs XRPI and XRPR Lag Price While Fresh XRPZ Inflows and $152M Bank Bets Test the Dip

XRP ETF Complex Reset After XRP-USD’s 42% Drawdown

XRP-USD trades around $1.36 after losing roughly 42.6% over the last three months, erasing a large chunk of the post-ETF rally and resetting expectations across the whole XRP wrapper space. Spot products such as XRPI ETF on Nasdaq near $7.90 and XRPR ETF on Cboe BZX around $11.24 now sit deep in the lower half of their 52-week ranges, forcing a repricing of both risk and opportunity. Price damage is clear, but ongoing inflows into selected XRP funds and fresh institutional allocations tell a different story than the raw chart, signalling that the structure is evolving rather than collapsing.

XRPI ETF And XRPR ETF – Price Damage, Ranges And Liquidity Profile

XRPI ETF changes hands around $7.90 after a 1.25% daily drop from a previous close at $8.00, having traded between $7.68 and $7.96 in the latest session. The 52-week range of $6.50 to $23.53 shows how far the product has fallen from its peak, but also how much convexity remains if sentiment normalises around XRP-USD. Average daily volume near 625.40K shares translates into roughly $4.8–$5.0 million of notional turnover at current prices, sufficient for active positioning and hedging without forcing trades through an illiquid tape.
XRPR ETF printed about $11.24, down 1.75% on the day from $11.44, with an intraday range of $11.24 to $11.39 and a 52-week band between $9.50 and $25.99. The bigger issue is depth: average volume sits near 14.17K shares, or roughly $160K in daily notional turnover at these levels, which is thin compared to XRPI ETF. That leaves XRPR more vulnerable to gapping and wider spreads when XRP-USD volatility spikes, while XRPI functions as the more scalable execution venue for larger orders even though both products reference the same underlying market.

Franklin XRPZ – Single-Day $3.15 Million Inflow As Dip-Buy Signal

Franklin’s XRP vehicle XRPZ attracted about $3.15 million in fresh money on 10 February 2026, equal to roughly 1.33% of its $236.25 million assets under management in a single session. That is a meaningful capital injection for a specialised crypto ETF, especially coming after a 42.6% three-month drawdown in XRP-USD rather than after a breakout. The flow shows that part of the market is intentionally leaning into weakness through regulated wrappers instead of exiting the theme outright.
Short-term technicals on XRP-USD continue to flash caution, but the size and timing of the XRPZ inflow highlight the split between fast money trading the spot tape and capital prepared to hold XRP exposure over a longer horizon. Persistent prints of this scale would gradually rebuild support under the broader XRP ETF complex, including XRPI ETF and XRPR ETF, even if spot price action stays choppy in the near term.

Balance-Sheet Scale: $152 Million In XRP ETFs On A Major Bank’s Books

A key shift is visible on large institutional balance sheets. One major U.S. bank disclosed roughly $260 million of combined XRP and Solana ETF holdings at the end of Q4 2025, its first reported exposure to crypto assets beyond Bitcoin and Ethereum. Within that, XRP allocations were diversified across four issuers: about 2.0 million shares of a 21Shares XRP ETF worth $35.9 million, 1.9 million shares of a Bitwise XRP ETF valued around $39.8 million, 1.9 million shares of a Franklin XRP trust near $38.4 million, and just over 1.0 million shares of a Grayscale XRP ETF worth approximately $37.9 million, adding up to roughly $152 million tied directly to XRP.
Solana exposure was more concentrated, with about $108 million split mainly between a Bitwise Solana staking ETF and a Grayscale Solana trust, plus smaller positions in Fidelity, VanEck, 21Shares and Franklin products. Crucially, even after trimming Bitcoin exposure – including the large IBIT ETF stake – the bank still kept BTC as its largest crypto position, followed by Ethereum, with XRP and Solana now clearly established as tier-two holdings. For XRP ETF products such as XRPI and XRPR, this sends a clear signal: structurally, XRP exposure via regulated funds has moved from speculative fringe to a recognised satellite allocation on bank balance sheets.

From Single Token To Full Wrapper Stack – Spot, Covered-Call And Income ETFs

The XRP opportunity set is no longer limited to direct XRP-USD holdings and a handful of trackers. The market now offers a layered wrapper stack: spot XRP ETFs like XRPI ETF and XRPR ETF, early entrants such as XRPC on Nasdaq, and a rising group of covered-call and income funds that sit on top of XRP-linked ETFs instead of the token itself. Canary’s XRPC debut in mid-November 2025, with one of the year’s strongest ETF launch volumes, proved there was pent-up demand for simple spot exposure once a regulated vehicle existed.
Subsequent listings from larger issuers pushed XRP into mainstream brokerage menus, allowing allocations inside standard custodial and advisory frameworks. Parallel to that, Roundhill and others have built covered-call structures that write options on XRP ETFs rather than holding XRP-USD directly, targeting regular cash distributions funded by option premiums. Investors who choose those wrappers trade upside participation for yield, while spot funds like XRPI ETF and XRPR ETF keep full directional sensitivity. The interplay between these segments matters: income funds depend on liquid spot ETFs as option underlyings and hedging tools, so their growth can reinforce secondary-market demand and depth for the core XRP ETF tickers.

Bay Area Infrastructure And Ripple’s San Francisco Gravity

Ripple’s long-standing base in San Francisco means the Bay Area functions as a natural operating hub for the XRP ETF era. Local fintech firms, custodians and infrastructure providers are tracking flows in products such as XRPI ETF, XRPR and XRPZ for custody mandates, technology integration and treasury-management opportunities. As spot XRP ETFs and options-based income strategies mature, they require institutional-grade cold storage, robust on-chain connectivity and operational resilience, all areas where Bay Area firms are already heavily active.
This local infrastructure build-out reinforces the durability of the XRP wrapper stack. As more institutional desks rely on regulated XRP ETFs instead of unregulated offshore exchanges, the underlying service ecosystem – from custody to risk control – becomes stickier. For the ETF investor, that means exposure via XRPI, XRPR or other XRP ETF variants is gradually backed by a broader, more professionalised operational base than the pre-ETF crypto cycle ever managed to sustain.

Regulatory Shift – From Enforcement Overhang To Structured Access For XRP ETFs

Regulatory risk around XRP has evolved from binary enforcement overhang to structured, monitored access through defined products. U.S. regulators that once focused on blocking or delaying crypto-linked vehicles have shifted toward specifying surveillance standards, custody safeguards and disclosure frameworks for spot and derivatives-driven ETFs. The green light for spot Bitcoin products in early 2024 set the template; the subsequent wave of altcoin funds, including XRP ETFs and options-based structures, extended it.
For XRPI ETF, XRPR ETF and peers, the core question is no longer whether XRP exposure is allowed in principle, but how each wrapper is built and supervised. Tracking error, fee levels, creation and redemption mechanics, and intraday liquidity now define competitive positioning. This shift lowers the regulatory risk premium embedded in prices and allows XRP ETF valuations to be driven by macro conditions, XRP-USD fundamentals and fund-flow dynamics rather than the threat of abrupt structural prohibition.

Flows Versus Price – Why ETF Behaviour Matters More Than The Last Candle

Short-term price action remains ugly: XRP-USD is still down more than 40% over three months, XRPI ETF has collapsed from a 52-week high near $23.53 to around $7.90, and XRPR ETF has fallen from almost $26 to near $11.24. That kind of drawdown keeps volatility elevated and risk budgets tight. Yet the behaviour of ETF flows and institutional allocations cuts against a simple capitulation narrative. XRPZ’s $3.15 million single-day inflow adds 1.33% to its AUM in one move, while a major bank discloses roughly $152 million of XRP ETF holdings even after cutting back some Bitcoin exposure.
This divergence – spot price weak, ETF flows selectively positive – is typical of late-stage washout phases where short-term momentum remains negative but longer-horizon capital starts accumulating at compressed levels. For investors using XRP ETF vehicles like XRPI and XRPR, the key is that structural adoption is still moving forward: more issuers, more wrapper types, deeper custody and clearer regulation. That does not remove downside risk, but it changes the odds that the whole ETF complex simply disappears in the next downturn.

XRP ETF Verdict – Positioning XRPI, XRPR And Peers After The Crash

With XRP-USD near $1.36, XRPI ETF around $7.90, XRPR ETF close to $11.24 and 52-week bands stretching up to $23.53 and $25.99 respectively, the market has already repriced a significant amount of optimism out of the XRP ETF story. At the same time, Franklin’s XRPZ adds $3.15 million in a day, and a large U.S. bank sits on roughly $152 million across four XRP ETFs while holding a further $108 million in Solana funds, confirming that XRP exposure through regulated wrappers has become a durable component of institutional portfolios.
Given that combination of deep drawdown, still-elevated volatility and continued structural adoption, the XRP ETF complex – led by XRPI ETF for liquidity and complemented by XRPR and the larger XRP funds from 21Shares, Bitwise, Franklin and Grayscale – stands in speculative Buy territory for capital that can tolerate sharp swings and long consolidation phases. The investment case is not built on a quick return to record highs, but on the asymmetry created when structurally growing ETF infrastructure, fresh inflows and balance-sheet allocations meet depressed prices across the XRP wrapper stack.

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