XRP ETFs XRPI $10.71 and XRPR $15.19 Ride $1.25B Inflows While XRP-USD Stalls Near $1.86

XRP ETFs XRPI and XRPR: Price, Flows, and the $2.00 XRP-USD Battleground

Why XRPI at $10.71 and XRPR at $15.19 Sit on Top of a $1.85–$1.90 XRP-USD Range

XRPI closed at $10.71 with a marginal +0.093% (+$0.01) move on the day and slipped to $10.67 (-0.37%) after hours. Intraday, the fund traded between $10.56 and $10.85, versus a 52-week range of $10.44–$23.53, on roughly 539k average shares of daily volume. That is tight, liquid, and clearly anchored to a low end of its yearly band.
XRPR finished the session flat at $15.19, trading between $15.09 and $15.42, against a year range of $14.79–$25.99 and a notably thinner 34k average volume. This is still very early-stage liquidity compared with XRPI, which is already behaving like the primary exchange-traded vehicle for XRP exposure.
Underneath both ETFs, spot XRP-USD is trading around $1.85–$1.86, with repeated rejections in the $1.90–$1.91 zone and buyers consistently showing up near $1.86–$1.87. Price recently slid from roughly $1.88 to $1.86 and spent the session in a narrow $1.85–$1.91 channel, with about 75.3 million tokens changing hands at the key rejection area – roughly 75% above normal turnover. That is not a weak, illiquid drift; it is an active two-sided fight at resistance, and XRPI/XRPR are sitting right on top of that structure.

Spot XRP ETF Launch: $1.25 Billion in Assets, No Weekly Outflows, and What That Means for XRPI and XRPR

The spot XRP ETF complex has had one of the cleanest debuts you can reasonably ask for. From the mid-November launch around Nov. 14, the products pulled in capital every single reported week, with no net outflow period so far. Weekly flows stacked up roughly along these lines: an initial week around $243 million, followed by ~$180 million, then another week near $244 million, taking cumulative inflows toward $667 million in less than a month and net assets close to $688 million.
Early December accelerated the story. A subsequent week brought in roughly $231 million, pushing assets toward $861 million; then ~$94 million followed, and later ~$82 million plus ~$44 million in the final two reported weeks. By late December, cumulative inflows had crossed $1.1 billion, and total XRP ETF assets were around $1.25 billion, without a single weekly net redemption.
For XRPI and XRPR, this matters more than the tiny day-to-day moves. It confirms that large, rules-driven players are systematically building exposure to XRP through listed vehicles rather than chasing every tick in the spot market. That structural bid is what keeps both ETFs anchored and why XRPI can sit near the low end of its yearly range with steady volume instead of collapsing when XRP-USD chops sideways.

Range-Bound XRP-USD: Sellers Use $1.90–$1.91 as a Distribution Zone While Buyers Defend $1.85–$1.87

Short-term, the tape around XRP-USD is simple: sellers are leaning on the $1.90–$1.91 band, and buyers are repeatedly reloading between $1.85 and roughly $1.87. A recent attempt to break higher saw price push from a consolidation pocket around $1.854–$1.858 to roughly $1.862 on volume that jumped to roughly 8–9x its usual intraday flow. That spike failed almost immediately, and the market rotated back to the $1.86 handle as new supply hit the book.
The important detail is the behavior at the extremes. Every approach toward $1.90+ is still being used to sell into strength, but every dip toward $1.86–$1.87 finds demand. That creates a tightening coil. The next clean break – either below $1.85–$1.86 or above $1.90–$1.91 – is likely to define whether XRPI/XRPR grind along current levels or start repricing sharply.
Under that short-term band sit deeper supports. The broader December roadmap watchers are using puts the next major cushion around $1.98–$2.03, then ~$1.93 (a long-term moving average on higher-time-frame charts), and eventually around $1.61 as the more extreme downside area if sellers finally crack the structure. For the ETFs that means the drawdown risk is real if XRP-USD gives up the $1.85–$1.90 cluster, but the market has not yet capitulated there.

Adoption and Usage: Why Daily XRP Payments Matter More Than Short-Term ETF Hype

Price tells you where the speculative money is. Real payment activity tells you whether the network is actually being used at scale. On the XRP ledger, the daily number of payment transactions – not just any on-chain operation, but actual value transfers – has been running roughly between 900,000 and 1,000,000 per day recently, with characteristic dips on weekends.
Over the same period, total daily payment value has swung wildly from about $396 million up to nearly $17 billion, with the average transaction size over the last month sitting around $3,200. That volatility in average ticket size is exactly why the payment count itself is the cleaner metric: a handful of institutional-scale transfers can distort the dollar totals, but they cannot hide stagnation in the number of actual payments.
One past example makes the point. On Dec. 31, 2023, there were about 6.0 million payments on the ledger but only around $275 million in total value, roughly $46 per payment on average – an anomaly driven by ultra-small transfers exploiting a brief fee quirk. It looked huge on a transaction-count chart but did not correspond to normal economic activity.
For 2026, the real line in the sand is simple: if daily XRP payments sustain levels north of roughly 2 million over time – not one-off spikes, but a persistent plateau – that would signal that the asset is moving from speculative instrument into a mainstream payments rail. If that happens, the logic for holding XRPI/XRPR as long-term wrappers around XRP-USD becomes much stronger than the current “ETF flows versus resistance at $1.90” story.

Macro and Market Structure: Fed Cut, $87K Bitcoin, and Why Capital Still Chooses XRP ETFs

The macro context is not trivial here. After the most recent U.S. rate cut, risk assets initially popped and then faded as the market reassessed how aggressive future easing would really be. Bitcoin briefly pushed toward roughly $89,000 and then slipped back near $87,000, and major coins stayed stuck in a range-bound risk-off pattern. XRP-USD traded in line with that – choppy, technical, and dominated by flows at specific levels rather than by clean trends.
At the same time, the crypto market has thrown reminders of how fragile order books can be in the wrong pairs. A highly publicized move saw a marginal BTC trading pair on one venue wick down toward $24,000 in seconds while the main BTC/USDT pair barely budged and stayed above $86,000. That “ghost crash” was not a real market collapse; it was a local liquidity vacuum created by aggressive yield farming in a side stablecoin pair.
For institutions deciding how to own XRP, this kind of structural noise is precisely why listed funds matter. Spot XRP remains volatile and highly technical, but XRPI and XRPR sit inside regulated brokerage infrastructure, with centralized liquidity and the ability to capture exposure without juggling custody or obscure trading pairs. That difference between on-chain chaos and listed wrappers is part of what keeps the ETF inflow line so clean.

Flow Dynamics: ETF Inflows, $1.25 Billion AUM, and the Tug-of-War Around $1.86–$2.00

The most important contradiction right now is straightforward. On one side, spot XRP-USD is stuck in a consolidation band around $1.85–$2.00, producing lower-time-frame traps both ways. On the other side, spot XRP ETF products have recorded week after week of net inflows, pushing assets beyond $1.25 billion with no weekly outflow events.
Recent sessions added around $8.2 million in fresh ETF demand on top of that base, even as XRP-USD slipped from roughly $1.88 to $1.86. That divergence – more capital entering ETFs while the token fails to clear $1.90 – tells you the market is still digesting supply at these levels. Long-only and asset-allocation accounts are building positions through XRPI, XRPR, and peers, while short-term traders use the $1.90–$1.91 pocket to sell into strength.
For XRPI, which trades around $10.71 with a 52-week high of $23.53, this flow pattern sets up a skewed risk/reward profile. As long as ETF inflows remain positive and XRP-USD holds above the deeper support zones, the odds favor a grind higher from near the bottom of the yearly range rather than a fresh collapse through the floor. XRPR, with $15.19 against a $14.79–$25.99 band and much lighter volume, is more sensitive to those flows and will move more sharply in either direction.

Risk Map for XRPI and XRPR: Where the Drawdowns Can Come From

There are three clear risk layers for XRPI and XRPR holders.
First, the immediate trading range. If XRP-USD loses the $1.85–$1.86 region decisively and fails to reclaim it, the next demand area sits closer to $1.77–$1.80, and below that the larger structure points toward ~$1.61. A move from $1.86 down to $1.61 is roughly a 13%–14% drawdown in the underlying. XRPI and XRPR would amplify that move in price terms relative to their own year-lows, because they are already priced near the bottom of their ranges.
Second, liquidity risk in the ETF complex. XRPI’s average 539k shares of daily volume look robust enough for most investors, but XRPR’s 34k average volume is thin. In stressed conditions, a wave of selling in a thin ETF can push the price temporarily below net asset value before arbitrage closes the gap. That is not fatal for long-term holders, but it raises execution risk for anyone who needs to exit under pressure.
Third, fundamental usage risk. If daily XRP payment counts stagnate around 900k–1.0m or trend lower in 2026, and never build toward the 2m+ region, then the entire “payments rail” thesis remains unproven. In that scenario, ETF demand can fade as the novelty of the launch wears off, and XRPI/XRPR would be exposed to both price weakness in XRP-USD and shrinking AUM.

Upside Roadmap: What a Break Above $1.90–$2.20 in XRP-USD Could Unlock for XRPI and XRPR

On the upside, the map is just as clear. The first step is a sustained close above the $1.90–$1.91 supply shelf that has been capping every rally. If XRP-USD can trade through that area with volume similar to or stronger than the 75.3 million-token rejection recently seen there – and then hold that zone as support – short-term shorts will be forced to cover, and momentum players will flip back to the long side.
The next critical region sits around $2.20–$2.30, which has repeatedly acted as a rejection band in recent high-time-frame analysis. Clearing that area on strong participation opens the door to a measured push into the high-$2 range, with scenario work clustering around the mid-$2s rather than the extreme $3+ projections that require a full regime shift in risk appetite. Practical near-term upside scenarios discussed across recent research sit roughly in the $2.35–$2.70 corridor if conditions align.
Translating that to XRPI/XRPR is straightforward. If XRP-USD can move from $1.86 toward $2.40 – about a 29% gain – while ETF inflows remain net positive, it is reasonable for XRPI to retrace a material portion of the gap between $10.71 and the mid-teens, and for XRPR to move back toward the upper half of its $14.79–$25.99 range. The precise elasticity will depend on how much the ETFs expand assets and how aggressively secondary-market buyers chase the move, but the direction of travel is clear.

Investment Stance on XRPI and XRPR: Buy, With a Clear Time Horizon and Volatility Tolerance

Pulling all of this together – prices, ranges, flows, usage, macro, and structural risk – the setup for the XRP ETF pair is asymmetric and tilted to the upside, but not low-risk.
XRPI at $10.71 is trading close to the bottom of a $10.44–$23.53 52-week range, backed by roughly $1.25 billion in combined XRP ETF assets, several consecutive weeks of net inflows, and a spot market where XRP-USD has buyers defending $1.85–$1.87 despite relentless distribution near $1.90–$1.91. Daily on-chain payments in the 900k–1.0m band show that the network is used, though not yet at the scale that would justify ignoring price entirely. In that context, XRPI deserves a Buy stance for investors who can tolerate crypto-level volatility and are willing to hold through a potential test of deeper supports around $1.77–$1.61 in the underlying.
XRPR at $15.19 shares the same underlying thesis but layers on thinner liquidity and a wider $14.79–$25.99 range. That makes it more suitable as a higher-beta satellite position rather than a core holding. From a pure data standpoint it still justifies a Buy label, but with the explicit understanding that execution risk and intraday swings will be harsher than in XRPI if the market hits an air pocket.
Overall stance: the combination of uninterrupted ETF inflows, $1.25 billion in assets, sticky support around $1.85–$1.87 in XRP-USD, and a roadmap where sustained daily payments above 2 million in 2026 could fundamentally re-rate the asset, points to a bullish bias on the XRP ETF complex. The risk is a grind lower toward the $1.77–$1.61 support band if the current range fails, but the reward is a repricing higher in both XRPI and XRPR if XRP-USD finally clears $1.90–$2.20 with the same conviction that has already driven more than $1.1 billion into these funds in just a few weeks.

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