XRP: ETF Inflows Decouple From Price as Spot Sits 70% Below July ATH
XRP trades near $1.10, down ~70% from its $3.65 July 2025 peak, even as newly launched ETFs post steady inflows against a flat tape.
XRP is changing hands around $1.10, roughly 70% below the $3.65 all-time high it printed in July 2025 in the immediate wake of the SEC v. Ripple settlement, per CoinGecko data cited by CryptoNews. That level has held as a floor through a broader bear phase that has drained momentum from most of the top-20 cohort since late 2025.
Flows in, price flat
The data point worth tracking isn’t the drawdown itself but the gap opening between spot price and fund-level demand. XRP-linked ETFs that launched in late 2025 are reportedly logging high inflows and buy volume even as the token’s price stays pinned near multi-month lows, per the same report.
That’s a notable divergence given the precedent: ETF-driven demand was the primary mechanism behind both Bitcoin and Ethereum pushing to new all-time highs in 2025. The same inflow structure is now active on XRP without a matching price response, largely because the wrapper landed into a deteriorating macro backdrop rather than a risk-on tape.
For positioning purposes, that timing mismatch is the key variable. If ETF accumulation keeps building through the current bear phase and only unwinds once broader risk appetite returns, the resulting repricing could be sharper than an equivalent inflow arriving during a neutral or bullish market — mirroring the setup that preceded BTC and ETH’s breakouts earlier in 2025.
A non-speculative demand layer
Separate from ETF flow data, the XRP Ledger’s existing use in cross-border settlement is cited as a structural — not speculative — demand vector. Japanese banks are named as heavy adopters of Ripple’s settlement infrastructure for transaction processing, a use case expected to widen as banks, asset managers and other financial institutions continue testing blockchain rails for tokenized assets, digital securities, stablecoins and faster settlement.
That adoption thread doesn’t register on a spot chart, but it forms a separate leg of demand running parallel to ETF inflows — one built on institutional rail usage rather than price speculation.
Reading the setup
Net picture: a 70% drawdown from ATH, ETF inflows running ahead of spot price, and an expanding real-world settlement footprint that hasn’t yet been priced into valuation. None of this confirms a reversal on its own, but it does describe an asset where demand-side infrastructure — fund flows and bank-grade adoption — has kept building independently of price action, a divergence worth watching for confirmation once broader crypto risk sentiment turns.
Read more: XRP’s $1.08 Floor Holds as Net Longs Fade and RSI Flatlines at 48