XRP ETFs Reach Eight Weeks of Growth Despite Slowing Demand

Spot XRP ETFs have now finished in the green for eight consecutive weeks, pulling in nearly 19 million dollars in net inflows. While this keeps a positive streak alive, the pace of new investment is noticeably slower than the previous week. After a blockbuster period in late August that saw over 110 million dollars enter the funds, the momentum shifted as last week progressed.

Signs of cooling demand emerged mid week when Wednesday saw investors withdraw 7.2 million dollars, marking the first red day for the funds since early August. By Friday, inflows hit zero, a trend that reminds traders of the sluggish activity seen earlier in the summer. Despite these bumps, the total cumulative net inflows for XRP ETFs have climbed to a new high of 1.68 billion dollars.

On the price front, XRP has managed to hold the line at the key 1.40 dollar support level. After dipping as low as 1.33 dollars earlier in the week, the asset recovered to 1.45 dollars before settling near 1.41 dollars. Market watchers are now waiting to see if this support holds steady or if the slowing institutional interest begins to weigh on the price action.