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The price of XRP (Ripple) remains well below its 2025 peak, but inflows into the XRP spot ETF market—led by Goldman Sachs—are signaling even stronger institutional demand.
According to TradingNews on March 10 (local time), three XRP-related exchange-traded products all closed higher that day. The Nasdaq-listed XRPI rose 0.90% to $7.88, the Rex-Osprey XRP ETF (XRPR) gained 0.71% to $11.37, and the Bitwise XRP ETF climbed 0.98% to $15.51. Although price differences occurred due to differing reference price structures despite tracking the same underlying asset, the outlet emphasized that the key point was all three products moving higher on the same day.
Since their launch in November 2025, these XRP spot ETFs have recorded a cumulative net inflow of $1.4 billion. According to data compiled by Bloomberg Intelligence analyst James Seyffart, the top 30 holders collectively owned approximately $211 million worth of XRP spot ETFs as of the end of 2025, with Goldman Sachs alone accounting for about $154 million, or 72.9%. TradingNews interpreted this not as a simple test allocation but as a meaningful-scale bet by a core global financial institution at a time when XRP was down 62% from its peak.
The ownership structure is also notable. Currently, about 16% of XRP spot ETF assets are held by institutions and 84% by retail investors. This contrasts with spot Solana ETFs, where institutional ownership is known to be around 49–50%. However, even in a market dominated by retail investors, Goldman Sachs plays a central role as a major institutional anchor. Bloomberg Intelligence analyst Eric Balchunas attributed the inflows into XRP spot ETFs largely to the influence of “XRP super fans,” but the outlet stressed that Goldman Sachs’ $154 million stake represents institutional capital on an entirely different level from retail enthusiasm.
The sustainability of fund flows was also highlighted as a key factor. According to SoSoValue, XRP spot ETFs recorded net outflows on only nine trading days out of roughly 80 to 90 trading days since launch. Although there were three consecutive days of net outflows in the past week, the overall cumulative net inflow of $1.4 billion has been maintained. Given XRP’s current market capitalization of approximately $80 billion, ETF inflows amount to about 1.75% of total market cap. This pace is considerably faster than Bitcoin spot ETFs, which took 55 weeks to reach inflows equivalent to 2% of market capitalization, and is viewed as comparable to the adoption speed of spot Solana ETFs.
However, the price has yet to fully reflect these strong inflows. XRP was trading around $1.40 on the day, about 62% below its all-time high of $3.66 recorded in July 2025. The outlet cited positive factors including Standard Chartered’s target price of $2.80, a 67% probability of breaking above $1.50 by the end of March, and the expansion of RLUSD’s market capitalization to $1.59 billion. Nevertheless, it pointed out that roughly 60% of the current circulating supply remains in a loss zone, posing a structural burden. Sequential resistance levels were identified at $1.48, $1.53, $1.55, $1.58, $1.75, and $1.80, with a particular emphasis on confirming a weekly break above $1.55 before making any premature judgment about a trend reversal, urging a cautious approach.
*Disclaimer: This article is for investment reference only and does not take responsibility for any investment losses incurred based on it. The content should be interpreted solely for informational purposes.*