XRP ETFs (NASDAQ:XRPI, NASDAQ:XRPR) Cross $644M AUM as XRP-USD Climbs to $2.18

Ripple XRP ETFs (NASDAQ:XRPI, NASDAQ:XRPR) Accelerate Institutional Flows as Supply Tightens and Price Consolidates Above $2

Massive Capital Rotation Into XRP ETFs Highlights Institutional Adoption Momentum

The introduction of Ripple’s XRP exchange-traded funds — NASDAQ:XRPI and NASDAQ:XRPR — has ignited a new institutional wave in crypto markets. In just eight trading sessions, the total assets across XRP-based ETFs surpassed $644 million, a milestone achieved faster than Ethereum or Solana ETF launches. The bulk of this allocation came from major institutions — Canary Capital, Bitwise, Grayscale, and Franklin Templeton — which collectively absorbed billions in XRP supply through regulated products.

Canary Capital’s XRPC ETF led with $245 million on day one, expanding to $329 million within a week. Bitwise followed with $168 million, while Grayscale and Franklin Templeton each added around $150 million within two days. With multiple ETFs still in the pipeline, early forecasts now project annual XRP ETF inflows between $7 billion and $10 billion, representing one of the fastest institutional scaling curves in crypto ETF history.

This surge reflects an evolving macro landscape in which regulated crypto exposure is becoming central to asset managers’ strategies. XRP’s utility in cross-border settlements and its strong liquidity profile make it an ideal asset for ETF-based products seeking high-capacity, compliant exposure within a volatile sector.

XRP Price Dynamics: ETF Demand Meets Constrained Supply

While ETF inflows gather pace, XRP-USD remains relatively stable near $2.18, rising 0.8% in the past 24 hours but underperforming the broader market’s 3.04% daily gain. The apparent calm hides a structural tightening in supply. According to CryptoQuant, XRP reserves on Binance fell to 2.71 billion, the lowest level since August 2025, following heavy institutional withdrawals post-ETF launch. Over 100 million XRP were moved off exchanges since mid-November — a signal of accumulation by ETF custodians and long-term holders.

The on-chain behavior suggests a clear supply compression trend. SoSoValue data confirmed that four leading ETFs — Canary, Bitwise, Grayscale, and Franklin Templeton — logged nine consecutive days of positive inflows, lifting their combined holdings to $670 million. This pattern aligns with an ongoing institutional migration of XRP from retail exchanges into custody vaults, reducing free float and increasing scarcity pressure.

Market analysts warn that this structural tightening could create an upward revaluation scenario. At $11.25 per XRP, ETFs could theoretically accumulate around 3 billion tokens per year, but as the price rises, the capacity shrinks drastically — to 1.49 billion at $22.50, 746 million at $45, 373 million at $90, 248 million at $135, and only 149 million at $225. This inverse correlation between price and accumulation pace suggests a supply-driven mechanism that could mechanically push XRP higher if demand persists.

ETF Mechanics and Share Splits: Preparing for XRP Scarcity

ETF analysts, including Chad Steingraber, emphasize that rising demand will eventually force structural adaptations among ETF issuers. As XRP becomes harder to source, managers may employ share splits to maintain affordability and market balance.

For example, a single ETF share backed by 10 XRP could undergo a 2-for-1 split, turning into two shares each backed by 5 XRP, without altering the underlying value. In extreme conditions, these splits could reach 10-to-1 or even 50-to-1 ratios, allowing institutions to continue issuing new shares as liquidity tightens. Such adjustments could mirror the early gold ETF era when physical reserves constrained expansion, reinforcing XRP’s emerging role as a digital liquidity asset.

Furthermore, ETF managers are restricted from purchasing XRP directly from Ripple’s escrow accounts due to legal stipulations. They must instead buy on open markets, absorbing circulating supply. This operational rule contributes to steady but controlled price movements — the absence of immediate spikes masks the scale of institutional demand accumulating beneath the surface.

XRPI and XRPR Market Performance Reflect Early Strength Amid Controlled Volatility

Both XRP ETFs have demonstrated resilience and steady accumulation patterns amid broader crypto market volatility. NASDAQ:XRPI closed at $13.02, gaining 1.24% on November 26, with after-hours trading at $13.01. Meanwhile, the REX Osprey XRP ETF (NASDAQ:XRPR) climbed 1.49% to $18.34, trading within a daily range of $17.77–$18.54. Despite recent corrections across digital assets, XRP-linked funds are maintaining liquidity and modest upward bias.

XRPR currently trades well above its 52-week low of $15.62 but remains below its 52-week high of $25.99, offering asymmetric upside potential should ETF inflows continue their trajectory. The ETF has yet to declare a dividend, maintaining a reinvestment-based model as assets expand. Technical analysis suggests a support base near $17.50 with resistance at $19.00, while the RSI indicates growing momentum in the mid-range.

For XRPI, sustained price action above $13.00 signals consolidation strength, and any breakout above $13.40–$13.50 could invite new institutional entries. The low volatility in both ETFs highlights confidence among early investors and the absence of speculative churn, a stark contrast to altcoin ETF behaviors like Solana’s recent –$8.1 million outflow.

Institutional Participation and On-Chain Trends Reinforce the Long-Term Thesis

Data confirms that XRP ETFs have become a primary driver of on-chain accumulation. The reduction of exchange balances coupled with persistent inflows points to one outcome: institutional ownership of XRP is rising sharply. Analysts describe this as the first phase of “liquidity migration”, where token float transitions from retail trading environments to regulated custodians.

Institutional allocation patterns also show diversification among issuers. Canary Capital continues to dominate total XRP ETF AUM, but Bitwise has expanded its footprint by launching secondary feeder funds targeting Asian markets. Grayscale’s XRPZ ETF saw $90 million in inflows even during broader crypto corrections, proving that regulated exposure remains attractive to conservative investors seeking compliance and liquidity.

Meanwhile, XRPZ futures hit record trading volumes, demonstrating heightened speculative hedging around ETF supply-demand dynamics. The liquidity constraints in spot markets are reflected in the derivatives segment, where premium spreads are tightening — another indication of constrained underlying availability.

Price Structure and Market Outlook for XRP-USD Amid ETF Growth

The XRP-USD price has oscillated within a tight band between $2.05 and $2.28, finding repeated support at $2.18. Analysts identify this level as a critical pivot; a breakout above $2.28 could accelerate moves toward $2.35–$2.50, while a failure below $2.12 risks a temporary correction toward $2.00. Total daily trading volume sits at $3.66 billion, down 6.2% from prior levels, indicating that buying pressure is increasingly being funneled through OTC and institutional channels rather than open exchanges.

Market capitalization has reached $131.7 billion, making XRP the fourth-largest crypto asset by value, with a 4.27% dominance rate. The consistency of ETF inflows despite Bitcoin’s retracement below $100,000 underscores that XRP is decoupling from traditional market cycles, supported instead by structural demand from asset managers.

Technical indicators remain moderately bullish, with the 50-day moving average trending upward at $2.10 and MACD convergence suggesting a potential breakout as inflows sustain. Should XRP hold above $2.18, a new phase of institutional-led price expansion could follow in Q1 2026.

Verdict: XRP ETFs Enter Strategic Growth Phase as Institutional Accumulation Accelerates

XRP ETFs — NASDAQ:XRPI and NASDAQ:XRPR — are reshaping the digital asset landscape by bridging regulated capital with utility-driven crypto infrastructure. With $644 million in early assets, projected annual inflows near $10 billion, exchange reserves falling to record lows, and prices stabilizing above $2, the structural setup favors a continued bullish bias.

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