Ripple (XRP) Funds Continue to Defy Crypto ETF Downtrend With Fresh Inflows

XRP’s price has also recovered a small portion of the recently lost value.

In times when almost all exchange-traded funds tracking cryptocurrencies are deep in the red, the spot XRP funds have continuously managed to defy the trend by attracting new capital.

Meanwhile, the underlying asset continues to struggle below key support levels, but at least it has remained well above the psychological $1.00.

Ripple ETFs See New Inflows

Data from SoSoValue shows that the financial vehicles tracking XRP attracted $7.44 million on Tuesday, $1.19 million on Wednesday, and $2.04 million on Friday. Although Monday and Thursday were actually no-flow days, with zero reportable data on SoSoValue, the week still ended with more than $10 million in net inflows. Moreover, not a single day has been in the red; a streak that extends to June 3 (-$5.34 million at the time).

Consequently, the cumulative total net inflows for the spot Ripple ETFs have reached a new all-time high of over $1.44 billion. Obviously, these numbers are nowhere near the peak euphoria seen after the funds launched last November, but they are still in the green in very challenging times for all other ETFs.

CryptoPotato reported yesterday that the spot BTC ETFs extended their negative streak to five consecutive weeks in the red, with another $315 million taken out. The situation with the Ethereum funds was quite similar, as investors pulled out almost $15 million despite a strong Monday. Even the SOL ETFs were in the red for a second week in a row.

The spot HYPE funds continued their green streak, on the other hand, but even their $5.87 million in net inflows were below XRP’s numbers.

XRP Price Update

Ripple’s native cross-border token plunged to $1.05 on June 4/5 during the darkest hours of the most recent crash. Although it came inches away from dipping below $1.00 for the first time in almost two years, it managed to maintain that level and has climbed to $1.15 as of press time.

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However, analysts are not convinced that the worst is behind it. In fact, Ali Martinez recently outlined the potential price bottoms for BTC, ETH, and XRP, indicating that Ripple’s asset could tank to a new low of somewhere between $0.70 and $0.90.

Nevertheless, such a potential dip could prove a solid buying opportunity, as Martinez and EGRAG CRYPTO envision a massive bounce toward new peaks of $7.00-$8.00 or even higher.