XRP ETF Inflows Reach $1.75 Billion, Key Support at $1.35 Watched
XRP is trading near $1.53, supported by continued inflows into US spot Exchange-Traded Funds (ETFs), which have cumulatively reached $1.75 billion. Despite these inflows, XRP was rejected from the $1.60-$1.65 range, with analysts now watching the $1.35 area as critical support.
XRP is trading near $1.53, supported by ETF inflows.
US spot XRP ETFs saw $18.04 million in inflows on September 23, totaling $1.75 billion cumulatively.
Bitwise and Franklin Templeton were key drivers of recent inflows.
XRP was rejected from the $1.60-$1.65 range; $1.35 support is critical.
Story
XRP is currently trading near $1.53, supported by continued inflows into US spot Exchange-Traded Funds (ETFs). On September 23, US spot XRP ETFs attracted $18.04 million, bringing cumulative net inflows to approximately $1.75 billion. Bitwise led the recent inflows with $11.54 million, followed by Franklin Templeton with $6.50 million. Despite this significant institutional demand, XRP was rejected from the $1.60-$1.65 resistance range. Analysts are now watching the $1.35 area as a critical support level. The consistent ETF inflows indicate growing institutional interest and capital allocation into XRP, suggesting increasing mainstream acceptance and demand for regulated crypto investment products. The $1.75 billion cumulative inflow is a substantial figure, highlighting a significant institutional flow narrative for XRP. However, the technical rejection and the importance of maintaining key support levels indicate that while institutional interest is strong, price action remains subject to broader market dynamics. The positive funding rate for XRP derivatives (+0.0093%) and its significant Open Interest of $5 billion further underscore active participation and positioning around the asset.
Issue context
Crypto markets demonstrate resilience while processing a series of significant developments. A security incident at the Bitget exchange has drawn attention to the need for robust security measures, with Bitget assuring user funds are safe and freezing hacker addresses. Concurrently, regulatory changes in Germany could abolish the crypto holding period, potentially having far-reaching implications for investment behavior. This issue also highlights the growing volume of tokenized stocks on the Base blockchain and sustained institutional inflows into XRP ETFs, underscoring increasing interest in regulated crypto products.
Current market developments present a mix of security concerns and growing institutional adoption. Pay attention to the impact of regulatory changes and the evolution of tokenized assets. Volatility remains a factor, especially for assets testing key technical levels. Your risk tolerance and investment horizon should guide your decisions.
Market pulse
Fear & Greed
71
Greed
BTC Funding
+0.0036%
20 perp markets · OI $61.6B
BTC Open Interest
$61.6B
Top venue CoinW (Futures) · 24h vol $92.2B · basis +0.0000%
ETH Funding
+0.0038%
20 perp markets · OI $42.8B
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This story is part of the Biturai Market Brief and is for informational purposes only. No investment advice.