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XRP fell 8% in 24 hours to about $1.50 after failing to hold $1.60, despite $18.04 million in net inflows into U.S. spot XRP ETFs during the previous session. The token traded as low as $1.46, near the bottom of its $1.46 to $1.60 daily range, while market capitalization fell to $92 billion and XRP remained fifth by market cap. Against Bitcoin, XRP declined 5.6% to 0.00001755 BTC.
Why it matters
ETF demand is present, but its scale remains modest beside the spot market. The $18.04 million inflow represented roughly 0.44% of XRP's $4.1 billion in 24-hour spot volume. The comparison spans different time windows, but it shows why regulated-fund buying did not overpower broader market selling.
Bitwise's XRP ETF led Tuesday's inflows with $11.54 million, taking its cumulative total to $646.08 million. Franklin Templeton's XRPZ added $6.50 million and reached $496.80 million cumulatively. Total XRP ETF inflows since launch rose to roughly $1.67 billion, while total net assets fell from $1.731 billion as the token's lower price reduced the value of existing holdings.
Market impact
CoinGecko's market note identified profit-taking as the primary driver after XRP rallied from about $1.29 on September 18 to nearly $1.60. Elevated Binance deposits add a possible distribution signal, although deposits can also reflect trading, market-making, custody changes, or collateral posting rather than outright sales.
The move broke below $1.48 and reached $1.46 after two failed attempts this week to establish support above $1.60. Recent trading places $1.45 near the next support reference. Santiment's 365-day MVRV ratio stood at -11.75% on September 23, indicating that the average holder active over the past year remained at an unrealized loss. Futures positioning will matter if the crowded book accelerates the next price break.
Frequently asked questions
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How large were the latest XRP spot ETF inflows?
U.S. spot XRP ETFs attracted $18.04 million in net inflows during the previous session. Bitwise led with $11.54 million, while Franklin Templeton's XRPZ added $6.50 million.
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Why did ETF inflows fail to support XRP's price?
The $18.04 million inflow represented roughly 0.44% of XRP's $4.1 billion in 24-hour spot volume. Broader spot-market selling outweighed the regulated-fund demand.
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What price levels did XRP test during the sell-off?
XRP failed to hold the $1.60 area, broke below $1.48, and reached $1.46. Recent trading places $1.45 near the next support reference.
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What factors were linked to XRP's selling pressure?
CoinGecko identified profit-taking after XRP's rally from about $1.29 to nearly $1.60. Elevated Binance deposits added a possible distribution signal, though deposits do not prove sales.
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What does XRP's 365-day MVRV reading indicate?
Santiment put XRP's 365-day MVRV ratio at -11.75% on September 23. That indicates the average holder active over the past year was sitting on an unrealized loss.
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