- XRP ETFs attracted $7.44 million while Bitcoin and Ethereum declined.
- XRP price fell below key support despite positive ETF inflows.
- Institutional demand remains visible even as technical weakness persists.
XRP spot ETFs attracted more capital than other major cryptocurrency investment products on June 9, even as Bitcoin and Ethereum funds recorded substantial outflows. According to data from SosoValue, XRP products brought in $7.44 million in net inflows, highlighting continued investor interest during a challenging market period.
The inflow total placed XRP ahead of Solana-based products, which attracted approximately $794,000. Meanwhile, Bitcoin spot ETFs lost $77.44 million, while Ethereum funds recorded $40.85 million in net outflows. Those figures suggest that some investors are increasing exposure to XRP despite ongoing weakness across the broader digital asset market.
However, XRP’s price has yet to benefit from the positive fund flows, and at the time of writing, XRP traded near $1.11 after suffering a major decline from a multi-month consolidation range. Consequently, the asset remains under pressure even as specialized investment products continue attracting new capital.
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XRP Price Struggles Despite Positive ETF Flows
Recent chart activity shows XRP breaking below a critical support zone between $1.28 and $1.30. That level had supported price action for several months. Once sellers gained control, the token quickly moved toward the $1.10 region. Additionally, XRP now trades below its 50-day, 100-day, and 200-day moving averages. Those indicators currently sit between $1.25 and $1.40. As a result, they form a significant resistance zone that buyers must overcome.
Source: Tradingview
Technical indicators, however, suggest the recent decline may be losing momentum. The Relative Strength Index has moved close to the 30 level, placing XRP in oversold territory. Traders often monitor such conditions for signs of stabilization. Moreover, trading volume increased during the latest sell-off. Rising volume during steep declines can indicate capitulation, where sellers exit positions aggressively before a market finds support.
Institutional Demand Remains Visible
ETF flows often provide insight into how larger investors position themselves during periods of uncertainty. While Bitcoin and Ethereum products experienced notable withdrawals, XRP funds continued attracting new money. This trend suggests institutional investors may still see value in gaining exposure to XRP despite the ongoing correction. Furthermore, the steady inflows indicate that demand has not disappeared even as market sentiment remains cautious.
Current market conditions present two different narratives, as ETF investors continue allocating capital to XRP-focused products despite ongoing market uncertainty. On the other hand, price action remains weak and technical resistance levels continue limiting upside momentum.
In conclusion, XRP’s ETF performance reflects sustained investor interest despite broader market outflows. Although price weakness persists, continued fund inflows show that some market participants remain committed to building exposure during the current downturn.
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