XRP ETFs Pull In $7.76M As XRPI, XRPR And Bitwise Trade Near Cycle Lows While XRP Stalls Below $2

XRP ETF Complex: Flows Strengthen While XRP-USD Stalls Below $2.00

XRP ETF Price Structure For XRPI XRPR And Bitwise XRP Around The Current Pullback

The listed XRP ETF products are trading well below their 12-month highs while spot XRP-USD sits stuck under the $2.00 ceiling. Cash ETF exposure is already above $1.36 billion in net assets, backed by about $1.24 billion of cumulative net inflows, even as the token consolidates around $1.88–$1.89 after failing to push through $1.95. That split between a heavy spot chart and persistent ETF demand is the key driver for XRPI, XRPR and the Bitwise XRP ETF (XRP).
On NASDAQ, XRPI ETF prints around $10.89, fractionally lower by 0.092% on the day with a range of $10.80–$11.00. The one-year band is wide, from $10.44 at the low to $23.53 at the high, which means current pricing is much closer to the floor than the peak. Average daily volume near 538.58K shares keeps spreads efficient enough for institutional-scale trading.
On BATS, XRPR ETF changes hands around $15.62, up about 0.90% intraday, oscillating in a tight $15.44–$15.62 range. The one-year corridor sits between $14.79 and $25.99, again highlighting how far the product has retreated from its previous top. Liquidity is thinner, with average turnover around 12.31K shares, which is acceptable for smaller tickets but not ideal for large reallocations.
The Bitwise XRP ETF (XRP) on NYSE Arca trades around $21.28, modestly higher by 0.42% on the session, moving in a $21.03–$21.42 intraday band. The 12-month low is $20.00, the high $26.90, so the fund is sitting closer to the bottom than to the top of its recent history. Average daily volume around 80.17K shares and daily trading values over $10 million make this the natural institutional workhorse among spot XRP ETF products.

Short-Term Technical Picture For XRP-USD With Key Levels At $1.81 And $2.38

The underlying XRP-USD chart is clearly not in a melt-up phase. Price is hovering around $1.88–$1.89, backing off from a Monday high at $1.95 and failing to sustain a break above the psychological $2.00 region. On the daily time frame, the RSI sits near 42, which signals a tilt toward bearish momentum rather than exhaustion on the upside.
The MACD line remains below the signal line, with histogram bars below zero, confirming a short-term downtrend. If RSI drifts toward oversold and MACD momentum accelerates lower, the first logical support test is the $1.81 area, the recent Sunday low. A clean break below that zone exposes the April pivot around $1.62 as the next strong demand pocket.
On the upside, the initial hurdle is a decisive move back over $1.90. The more important supply cluster is the confluence between the 50-day EMA near $2.02 and the 200-day EMA around $2.38. As long as XRP-USD remains capped below that $2.02–$2.38 band, any strength has to be treated as a corrective bounce inside a broader consolidation rather than a confirmed new leg higher.

Derivatives And Retail Positioning: Open Interest Near The Yearly Floor

Futures data aligns with the weak spot structure. Notional futures open interest on XRP-USD is sitting around $3.29 billion, barely above the yearly low of $3.26 billion. That indicates that leveraged traders are cutting positions instead of adding risk, which reduces both upside squeeze potential and downside cascade risk but leaves the tape sluggish.
Declining open interest in the face of ETF inflows means that marginal demand is shifting from short-term traders toward longer-horizon holders buying via the XRP ETF channel. The spot derivatives complex is no longer the engine for price discovery it was in earlier cycles; ETF primary flows are quietly taking that role, especially on strong inflow days.

Aggregate XRP ETF Flows: $7.76 Million In A Day And $1.24 Billion Since Launch

Across all U.S. listed XRP ETF products, the latest daily snapshot shows net inflows around $7.76 million, lifting cumulative net creations to roughly $1.24 billion and total net assets to approximately $1.36 billion. That asset base represents about 1.18% of the overall XRP-USD market capitalization, meaning a non-trivial slice of circulating supply has migrated into regulated wrappers.
Daily trading activity across the ETF complex totals roughly $22.22 million in value exchanged. That volume is not yet in the same league as the largest BTC or ETH funds but is big enough to matter for a token that historically traded primarily on offshore venues. The critical point is the direction: flows have printed positive for several consecutive days even as the token price corrects.

Bitwise XRP ETF (XRP): Flow Magnet With $5.31M Daily Inflow And Over $300M In Assets

Among the spot vehicles, the Bitwise XRP ETF (XRP) is clearly the centre of gravity. On the latest flow day, it attracted around $5.31 million of net fresh capital, equivalent to about 2.80 million XRP added to the trust. That lifted cumulative net inflows to roughly $324 million and net assets to about $304.12 million.
Closing price around $21.19–$21.28 leaves the fund slightly above its $20.00 52-week low and well below the $26.90 high, suggesting that most of the speculative froth has already been drained while a large base of long-only capital remains invested. Daily turnover near $10.43 million confirms that this is the most liquid single XRP ETF line item on the board.
NAV behaviour in similar institutional products shows how these flows interact with price. In the latest SEC update for a peer XRP vehicle, NAV per share climbed from roughly $20.94 to $27.99, a 34% increase over the reporting period, while total assets rose from about $220 million to $280 million. That combination of price appreciation and net inflows is exactly what Bitwise’s XRP is built to capture.
From a classification standpoint, the data justifies a Buy view on the Bitwise XRP ETF (XRP) for investors who already accept XRP’s volatility. It is the liquidity leader, the flow leader and the clearest institutional proxy for XRP-USD.

XRPI ETF On NASDAQ: Discounted Versus Its High With Solid Liquidity

The NASDAQ-listed XRPI ETF sits at $10.89, with intraday trades between $10.80 and $11.00 and a one-year window of $10.44–$23.53. That means the fund is currently less than a dollar above its 12-month low and more than $12 below its top, offering asymmetry for investors who believe the ETF complex will continue to pull in capital as the regulatory backdrop around XRP-USD stabilizes.
Average volume of roughly 538.58K shares per day supports institutional order flow without meaningful impact costs. The price behaviour – sitting near the top of the day’s range despite weakness in the token – shows that buyers are willing to accumulate below the $11 level.
Given this structure, XRPI ETF fits well as a liquid, non-levered satellite position for portfolios that want targeted XRP ETF exposure alongside the larger Bitwise fund. The combination of range position, liquidity and structural demand supports a Buy stance on XRPI at current levels.

XRPR ETF On BATS: Thinner Volume And Wider Historical Swings

The XRPR ETF, listed on BATS and focused on XRP exposure under the REX Osprey branding, trades at about $15.62, up roughly 0.90% on the day within a $15.44–$15.62 intraday range. The 12-month band of $14.79–$25.99 indicates even deeper historical drawdowns than XRPI, and the current price is clustered close to the bottom of that spectrum.
Average daily volume near 12.31K shares is substantially lower than XRPI or the Bitwise XRP ETF, which means larger tickets can move the price and spreads can widen during stress. That liquidity profile is acceptable for smaller, patient investors but less attractive for larger or more tactical allocators.
Because of these constraints, XRPR ETF is better treated as a secondary or legacy holding rather than the preferred entry point for new capital. For current holders, the case to liquidate is not compelling as long as the broader ETF complex continues to grow, but the risk-reward for new entries is weaker than in XRPI or Bitwise’s XRP. The practical classification is Hold on XRPR.

Canary XRPC And Franklin XRPZ: Mid-Tier Players Riding The Inflow Wave

Beyond the headline names, XRPC from Canary and XRPZ from Franklin have emerged as meaningful contributors to the overall XRP ETF flow profile. On the latest day, XRPC reported a net inflow of about $1.41 million, adding roughly 744.98K XRP to its holdings, with cumulative net inflows around $399.29 million and net assets near $346.77 million. The fund closed at about $20.12, down roughly 1.32% on the session, on trading value of approximately $4.27 million.
XRPZ recorded about $1.03 million of daily inflow, linked to 543.05K XRP in creations. Cumulative net inflows stand near $294.33 million, with net assets around $271.19 million. It traded roughly $2.57 million in value and closed at approximately $20.57, down around 1.30%.
Both funds show that demand for XRP ETF exposure is not confined to a single issuer. They sit between the smaller products and the Bitwise flagship in size and liquidity, functioning as alternative on-ramps for institutions that prefer those sponsors. The inflow data confirms that these are active participants in the structural shift of XRP holdings from exchanges into ETFs.

21Shares TOXR: Asset Growth To $280M But Cumulative Flows Still Negative

The 21Shares TOXR XRP ETF delivers another angle on institutional positioning. The latest SEC prospectus update shows total assets climbing from roughly $220 million to about $280 million, with net assets increasing from around $219.8 million to $279.9 million, a growth of approximately 27%. NAV per share advanced from $20.94 to $27.99, a jump of roughly 34% over the reporting window.
TOXR holds physical XRP only, with a three-custodian security model and no use of futures or derivatives, so NAV changes mainly reflect XRP price moves plus net subscriptions and redemptions. Despite the strong balance sheet, cumulative net inflows are still around –$7.77 million, indicating that there has been more capital leaving than entering on a net basis over the fund’s life.
At the last print, TOXR traded near $18.46, down about 1.34% on the day, with net assets around $224.89 million and thin trading value of about $85.47K on roughly 4.58K shares. This mix of large AUM, negative long-term flow and low daily volume suggests a vehicle that has been built by earlier institutional interest but is now in a wait-and-see phase.
For investors already using TOXR as a regulated XRP access point, the physical structure and NAV behaviour remain intact. However, absent a clear re-acceleration in flows or liquidity, it does not stand out as the best entry for new capital compared with XRP and XRPI. The appropriate stance on TOXR XRP ETF is Hold.

Grayscale GXRP: Deep Capital Base With Flat Near-Term Flows

The GXRP fund from Grayscale holds around $212.39 million in net assets with cumulative net inflows of about $231.79 million. In the latest session, flows were flat, with no new creations or redemptions reported. The fund traded roughly $4.86 million in value and closed at approximately $36.73, down around 1.08% on the day.
GXRP therefore sits as a large, established pool of XRP ETF capital where investors appear to be holding positions rather than adding aggressively or exiting in size. That makes it structurally important for market depth but not the main driver of marginal price action.
Given its size and role, GXRP functions best as a long-term holding for investors who are already in. For new allocations, the stronger combination of flows and liquidity in Bitwise XRP ETF and XRPI is more compelling. The pragmatic rating on GXRP is Hold.

XRPT 2X Leveraged XRP ETF: Inflows Of $1.64M On A Weak Underlying Trend

The XRPT leveraged ETF, delivering roughly 2x daily exposure to XRP-USD, is firmly a trading tool, not a long-term investment product. Assets under management stand at about $123,935,496. On January 22, 2026, the fund attracted approximately $1,635,450 in net inflows, equal to about 1.32% of AUM in a single session.
What makes this more striking is the backdrop: the related XRP-USD spot price is around $1.88101, down roughly 27.45% over the last three months, with a one-day technical signal still flashing Sell. The inflow into XRPT suggests traders are actively leaning into volatility, either for contrarian longs or short-horizon tactical trades, even as the broader market steps back.
However, the structural math of daily leveraged ETFs is unforgiving. In choppy, mean-reverting markets – exactly the environment implied by an RSI around 42 and open interest near yearly lows – path dependency and daily rebalancing can erode capital even if the underlying eventually recovers. XRPT is well suited for professional or highly active traders willing to manage positions intraday or over very short horizons.
For investors looking at the XRP ETF complex as a way to gain exposure to XRP’s long-term trajectory, XRPT is mis-aligned with that objective. On that basis, the rational view is Speculative Sell for non-traders: those who want structural XRP exposure should stay in unlevered products.

Structural Impact Of XRP ETFs: From Exchange Balances To Regulated Wrappers

When you aggregate the data, the shift is clear. Spot XRP ETF products now hold about $1.36 billion in net assets, with cumulative net inflows around $1.24 billion and daily flows near $7.76–$8.0 million, led repeatedly by the Bitwise XRP ETF (XRP) with $5.31 million single-day prints. Mid-tier funds like XRPC and XRPZ continue to build balances, while larger incumbents like TOXR and GXRP hold sizeable but more static pools of capital.
At the same time, derivatives metrics show futures open interest near yearly lows around $3.26–$3.29 billion, signalling that speculative leverage is not the main driver of XRP’s current price behaviour. Instead, long-only flows via ETFs and spot market participants are setting the pace. The ETF complex is increasingly acting as a regulated “vault” for XRP, drawing coins out of exchanges and into vehicles with clearer custody frameworks.

Verdicts Across The XRP ETF Curve And Bias On XRP-USD

Putting the flows, prices and technicals together, the stance across the structure is straightforward. The underlying XRP-USD chart is short-term bearish with price stuck around $1.88–$1.89, resistance between $1.90 and the $2.02–$2.38 EMA cluster, and downside risk toward $1.81 and then $1.62 if risk-off conditions deepen. At the same time, persistent ETF inflows and multi-hundred-million-dollar asset bases in Bitwise XRP, XRPC, XRPZ, TOXR and GXRP show growing structural demand from institutions and regulated platforms.
Inside that framework, the classifications and directional calls are: Bitwise XRP ETF (XRP) as Buy, driven by leadership in flows, liquidity and cumulative net inflows above $300 million; XRPI ETF as Buy, with price anchored near the bottom of its $10.44–$23.53 yearly range and strong average volume around 538.58K shares; XRPR ETF as Hold, reflecting thinner liquidity near 12.31K shares per day and less attractive trading depth versus peers; 21Shares TOXR XRP ETF as Hold, with assets rising from $220 million to $280 million and NAV from $20.94 to $27.99 but cumulative net inflows at –$7.77 million and low daily turnover; GXRP as Hold, supported by over $212 million in net assets and $231.79 million in cumulative inflows but flat near-term flows; and XRPT 2X leveraged XRP ETF as Speculative Sell for non-traders due to leverage decay in a sideways, volatile market, despite a recent $1.64 million inflow equal to 1.32% of AUM.
The net bias is that the XRP ETF ecosystem is quietly positioning for a longer-term constructive outcome on XRP-USD, even while the token itself remains under pressure in the short run.

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