 ▲ XRP (XRP) ETF / ChatGPT-generated image © |
Institutional capital has continued to flow in despite price declines, with multiple signals indicating that a large-scale accumulation phase is underway in the XRP market.
According to investment outlet TradingNews on March 6 (local time), XRP fell 3.68% intraday to $1.36 but remains about 22% above its year-to-date low of $1.1137. Among spot XRP ETFs, XRPI (NASDAQ: XRPI) traded at $7.76 and the Rex-Osprey XRP ETF XRPR (BATS: XRPR) at $11.12, each down about 3–4% intraday, while institutional inflows continued. Both ETFs are trading significantly below their 52-week highs, with XRPI down 67% and XRPR down 57%.
According to data analytics platform SoSoValue, spot XRP ETFs have recorded inflows for seven consecutive trading sessions. Total assets in U.S.-listed spot XRP ETFs have reached $1.26 billion, with net institutional purchases totaling $153 million so far in 2026. Data from CoinShares also showed that total net inflows into XRP exchange-traded products reached $106.8 million in February alone.
From a market structure perspective, tightening supply and derivatives market expansion are occurring simultaneously. On-chain analysis shows that about 7 billion XRP, worth approximately $9.52 billion, were withdrawn from centralized exchanges in February. At the same time, XRP futures open interest surged 11.4% in a single day, rising from $2.11 billion to $2.35 billion. The combination of declining exchange supply and increasing leveraged positions has historically been observed during bullish phases.
Demand fundamentals are also expanding in terms of network usage. Ripple-issued stablecoin RLUSD currently has a supply of about $1.5 billion and records roughly $1.5 billion in daily trading volume, with all transactions structured to burn XRP as fees on the XRP Ledger (XRPL). This is further supported by payment flows linked to Ripple’s institutional brokerage infrastructure, Ripple Prime, strengthening network-based demand.
Regulatory and technological variables are also at play. A Tokyo-based fintech firm has launched a global trade finance platform built on the XRP Ledger, while the market estimates roughly a 90% probability that the U.S. crypto market structure bill, the CLARITY Act, will pass. Technical analysis indicates that XRP has formed a structure targeting $1.95 upon a breakout from a symmetrical triangle pattern, with key resistance identified in the $1.43–$1.44 range.
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