While the broader cryptocurrency market endured one of its most difficult weeks in recent memory, XRP managed to find a small source of optimism. Despite the token’s sharp decline, exchange traded funds linked to XRP recorded positive inflows and finished the week in the green, a feat that most major crypto investment products failed to achieve.
XRP ETFs Defy Market Weakness
Although the inflow figures were relatively modest, they still stood out against the backdrop of widespread losses across the digital asset sector. XRP ETFs attracted a net $2.62 million in inflows during the week. While this falls far short of the strong demand seen shortly after launch, when the funds accumulated $1 billion in just over a month, it remains a noteworthy achievement given current market conditions.
By comparison, spot Bitcoin ETFs experienced significant outflows totaling approximately $1.7 billion during the same period.
The only negative day for XRP ETFs came on June 3, when investors withdrew $5.34 million. However, those losses were more than offset by inflows of $4.13 million on June 1 and $3.83 million on June 4. Trading activity on the remaining two days was largely unchanged, with SoSoValue reporting no meaningful net movement.
As a result, cumulative net inflows into XRP ETFs climbed to a new record high of more than $1.43 billion. Among the leading products, Bitwise’s XRP ETF maintained a slight advantage over Canary Capital’s XRPC. The two funds currently hold approximately $467 million and $458 million in assets, respectively.
XRP Price Suffers Heavy Losses
Despite the encouraging ETF performance, XRP’s market price was unable to escape the broader downturn affecting cryptocurrencies. During a week that saw Bitcoin fall from above $73,000 to roughly $59,000, XRP declined from $1.33 to $1.05.
The 21 percent drop pushed the asset to its lowest level since late 2024, shortly after the rally that followed the United States presidential election. Although XRP managed to stay just above the critical $1.00 psychological support level, its recovery has been limited, with the token continuing to trade below $1.10.
Market analysts remain optimistic about XRP’s long term prospects. However, even some of its strongest supporters, including EGRAG CRYPTO, caution that a move below the $1.00 mark could still occur unless overall market conditions improve significantly in the near future.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
