XRPI and XRPR: XRP ETFs Surge While XRP-USD Fights to Hold $2
XRPI, XRPR and XRP-USD: Where Prices Stand Now
REX Osprey XRPR ETF closed at $15.76, up 6.56% on the day, adding $0.97 from a previous close of $14.79. Intraday trading stayed in a band between $15.33 and $15.76, with average volume around 40.36K shares. Over the last year, XRPR has traded between $14.79 and $25.99, so even after today’s move it still sits roughly 39% below its 52-week high, which shows upside potential but also how deep the prior drawdown was.
The XRPI ETF on NASDAQ finished at $11.07, up 6.03% (+0.63) from $10.44. The session range of $10.81–$11.12 came with strong average volume near 561.92K shares. With a 52-week range of $10.44–$23.53, XRPI trades about 53% under its yearly peak, indicating that the ETF is still priced in the lower half of its historical band despite the rally.
The underlying XRP-USD spot price is trading around $1.93–$1.95, after rebounding from lows near $1.77 earlier in the week, with about $1.90 billion in 24-hour volume. The $2.00 mark remains both a psychological and technical barrier that XRP has not been able to hold convincingly. The structure is clear: XRPI at $11.07, XRPR at $15.76, and XRP-USD hovering below $2.00 reflect strong demand for the ETFs but a spot market still capped by supply above that round level.
XRP ETFs Pull in Over $1 Billion While BTC and ETH ETFs Bleed
U.S. spot XRP ETFs have accumulated about $1.07 billion in net inflows over roughly 25 trading days, with zero outflow days so far. Depending on the cut-off date and which products you aggregate, combined assets under management are tracking in the $0.94–$1.2 billion zone, but the key point is direction: every single session has seen net capital entering the XRP ETF complex.
The launch sequence is important. XRPC debuted in mid-November with nearly $60 million in first-day trading volume and more than $240 million of daily net inflows at the start. Additional products such as GXRP, XRPZ, and a newer fund that already holds around $23 million rapidly widened the menu. Over the most recent week alone, the group has added roughly $82 million of incremental flows, extending the green streak despite increased volatility across crypto.
The contrast with other majors is sharp. Spot Bitcoin ETFs posted nearly $500 million in net outflows over the last week, including around $158 million of redemptions in a single day. Spot Ethereum ETFs have not recorded a positive flow day since December 10, losing approximately $650 million in the same week. Spot Solana ETFs delivered about $66.56 million in twelve straight positive days, but their absolute scale still trails the weekly $82 million that XRP ETFs attracted. Newly launched Dogecoin ETFs have gathered only around $2 million in total inflows. In flow terms, XRP-linked products like XRPI and XRPR are clearly where fresh money is rotating, even while spot XRP-USD trades under $2.00.
Why ETF Demand Is Rising While XRP Whales Quietly Sell
On-chain metrics explain why XRP-USD is not exploding higher in line with XRPI ETF and XRPR ETF inflows. Wallets holding between 100,000 XRP and over 1,000,000 XRP have been sending notable volumes of tokens to exchanges such as Binance. Historically, these spikes in whale inflows to exchanges correlate with lower highs and lower lows in price, signalling ongoing distribution rather than panic dumping.
XRP sentiment has sat in Fear territory since October 10, yet the token still logged a ~4% gain today to about $1.93, supported by growing interest in XRP ETFs. The critical nuance is that large holders are selling in a controlled and persistent way, feeding supply into strength instead of unloading into weakness. This kind of flow profile steadily caps rallies under resistance levels such as $2.00, even when ETF demand is strong.
For XRPI and XRPR, the mechanics are straightforward. ETF creations and secondary trading add steady buy-side demand. Whales, meanwhile, exploit improved spot liquidity and positive ETF headlines as an opportunity to lighten up without collapsing the market. The result is a divergence: XRPI and XRPR show rising AUM and strong daily performance, while XRP-USD repeatedly stalls just below $2.00, constrained by that ongoing distribution from legacy holders.
ETF Layer Versus Payments Rail: Two Parallel Stories for XRP
The ETF layer that drives XRPI ETF and XRPR ETF is only one dimension. Underneath sits a payments and infrastructure stack that is already larger than the ETF wrapper and growing on its own track. Ripple’s On-Demand Liquidity (ODL) product processed more than $15 billion in cross-border payments in 2024, a 32% year-on-year increase. Around 56% of that ODL volume comes from Asia–Pacific corridors, and the service now spans more than 70 corridor pairs, covering roughly 80% of major global remittance routes.
RippleNet as a broader messaging and transaction network, including flows that settle in fiat instead of XRP-USD, is handling more than $15 billion of cross-border volume per month as of 2025. What matters specifically for XRP and its ETFs is that about $15 billion per year settles through ODL using XRP itself, not just messaging. That figure already exceeds the current ~$1B ETF AUM and is the base Ripple is trying to scale over the coming years.
The on-chain ledger supports that adoption story. XRPL processed roughly 1.8 million transactions per day in the third quarter of 2025, up about 9% quarter-on-quarter from 1.6 million. Average daily active sender addresses are around 25,300, with about 447,200 new addresses created during the quarter, bringing the total to roughly 6.9 million. Weekly payment counts are up approximately 430% compared with 2023, and payments account for about 55.7% of total transaction types. For XRPI and XRPR, this matters because it shows an underlying payments rail that is expanding even when the spot token is range-bound and ETF flows inevitably slow from their initial burst.
Stablecoins, RWAs and Liquidity: Structural Support Behind XRPI and XRPR
The quality of liquidity and collateral options on XRPL is a key reason why XRP ETFs have scaled quickly and why XRPI ETF and XRPR ETF are not just thin wrappers on a speculative coin. In a multi-factor ranking of major crypto assets, XRP scores AA with 95/100, tying with Ethereum and trailing only Bitcoin on combined measures of order book depth, trading volume, exchange coverage, institutional adoption, and derivatives market maturity. In practice, that means market makers can hedge, arbitrage and warehouse risk in XRP-USD at size, which is critical for supporting growing ETF AUM.
On-ledger liquidity is smaller but structurally important. Central limit order book (CLOB) volume for fungible issued currencies on XRPL averages around $7.9 million per day, with roughly 1 million CLOB trades and about 7,800 daily CLOB traders. Automated market maker (AMM) pools add approximately $1.7 million per day in volume. While these figures are minor compared with centralized exchanges, they demonstrate a live on-chain liquidity stack that can support payments, stablecoin flows and tokenized assets.
Tokenization and stablecoins are another layer of support. The market cap of tokenized real-world assets on XRPL reached about $347 million at the end of Q3-2025, a 193% quarter-on-quarter increase. Ripple’s RLUSD stablecoin has a total supply near $1.3 billion, with roughly $293 million sitting on XRPL itself, about 21.9% of total issuance, after a ~41% increase on XRPL in the last 30 days. RLUSD is also being piloted on L2s via cross-chain standards, but XRPL already has a meaningful and growing share. For ETF investors, that means XRPI and XRPR are backed by an asset that lives inside a developing stablecoin and RWA ecosystem, not just a speculative ticker with no real collateral structure around it.
Macro, Regulation and Why XRP ETFs Are Pulling “New” Institutional Money
Regulatory overhang around XRP-USD has been drastically reduced through 2025, and that is a core reason XRPI ETF and XRPR ETF have been able to attract flows while some BTC and ETH products are seeing outflows. The high-profile U.S. enforcement case concluded with a $125 million penalty but ultimately delivered clarity: the market now treats XRP as a viable underlying for multiple spot ETFs, not as an untouchable legal risk.
Additional developments, such as conditional approval from U.S. banking regulators for a Ripple-linked national trust bank and expanded partnerships with institutions like Swiss-based AMINA Bank, integrate XRP further into regulated financial infrastructure. That supports the ETF narrative by giving institutional allocators more comfort that custody, banking and legal rails are moving in the right direction.
At the same time, the macro environment is noisy. Inflation prints have produced choppy risk-on and risk-off swings across crypto. Bitcoin around $88,000 is dealing with heavy ETF outflows and complex options positioning. Ethereum has suffered persistent ETF redemptions. Against that backdrop, a 25-day unbroken inflow streak into XRP ETFs and roughly $1.07 billion of cumulative inflows in a few weeks stand out as a clean, directional signal that some institutional and pseudo-institutional flows are rotating into XRP-linked wrappers instead of adding to the more crowded BTC and ETH trades.
Key Technical Levels for XRP-USD and the Feedback Loop into XRPI and XRPR
Short-term, XRP-USD trades within a defined band that directly influences risk and reward for XRPI ETF and XRPR ETF. Immediate resistance sits around $1.96–$2.00, with $2.00 functioning as the clear psychological trigger. Recent support has formed near $1.85, where buyers stepped in with higher volume. Below that, the next obvious risk zones are approximately $1.66, and then the $1.50 region if downside momentum accelerates.
For ETF holders, these spot levels translate into price risk bands. A decisive daily close above $2.00 on strong volume would likely push XRPI toward the mid-teens and XRPR toward the high-teens, as both hedging flows and directional positioning re-rate upside scenarios. A failure to hold $1.85 would pressure both ETFs, with scope for XRPI to revisit the low-$10 area and XRPR to slide back toward or below the mid-teens. A deeper test into $1.50–$1.66 for XRP-USD would be painful, but it would also reset entry points for ETFs at significantly more attractive multiples relative to their 52-week highs.
Right now, XRP-USD is grinding just under resistance, XRPI and XRPR are trading in the lower half of their annual ranges, and ETF inflows remain firmly positive. That combination supports a buy-the-dip, not chase-the-spike approach for investors who accept elevated volatility and want exposure to the intersection of ETF flows, payment infrastructure and regulatory normalization.
Risk Map: What Could Break the XRP ETF Momentum
There are several identifiable risk clusters for XRPI ETF and XRPR ETF that need to be monitored rather than ignored. The first is whale supply risk. As long as large holders continue sending sizeable amounts of XRP-USD to exchanges, the market faces the possibility that controlled selling turns into more aggressive distribution. If that shift occurs around key levels like $1.85, a move toward $1.66 or even $1.50 becomes plausible, with a corresponding drawdown in XRPI and XRPR.
The second risk is ETF flow fatigue. The current run of 25 consecutive inflow days will break at some point. If that transition comes alongside weaker ODL growth or softening payment metrics, the narrative of “institutional allocation into XRP” fades, and ETFs can flip into net redemption mode just like BTC and ETH products. The third risk is adoption stall. If ODL volumes stay stuck near $15 billion annually, corridor count remains near 70, and the share of RippleNet clients actually using XRP does not expand, structural demand falls short of what is needed to justify long-term upside.
Macro and execution risks round out the picture. A sharp macro shock could force de-risking across all crypto ETFs regardless of flows or fundamentals. On the execution side, RLUSD and XRPL-based RWAs remain small compared with USDT, USDC and the larger Ethereum DeFi stack. If capital continues to favour other chains and XRPL’s RWA and stablecoin base stops compounding from the current hundreds of millions toward multi-billion levels, one of the potential long-run supports for XRP-USD, XRPI and XRPR weakens significantly.
XRPI and XRPR: Buy, Sell or Hold at Current Prices
At current levels of $11.07 for XRPI ETF and $15.76 for XRPR ETF, with XRP-USD trading just under $2.00, cumulative ETF inflows around $1.07 billion, combined AUM in the $0.94–$1.2 billion zone, ODL volumes above $15 billion per year with 32% growth, on-chain payments up roughly 430% versus 2023, and XRP’s liquidity profile ranked alongside Bitcoin and Ethereum, the evidence leans toward a bullish but high-volatility setup rather than a mature top.
Both ETFs still trade significantly below their 52-week highs: XRPI about 53% under $23.53, XRPR about 39% under $25.99. At the same time, the structural backdrop—regulatory clarity, expanding ODL corridors, growing payment activity, a scaling stablecoin and RWA layer, and a clear institutional flow signal—supports the view that the current pricing reflects early-stage adoption risk, not late-cycle euphoria.
Taking all of the data together, XRPI and XRPR fit best as a speculative BUY for investors who understand that drawdowns to lower support zones like $1.66 or $1.50 on XRP-USD can translate into sharp near-term hits on ETF prices, but who also see the asymmetry created by a still-depressed price versus real growth in flows, usage and infrastructure around XRP, XRPI ETF and XRPR ETF.
That's TradingNEWS
