Institutional Funds Pour into XRP ETF…Can it Break $9?

▲ XRP (Ripple) ETF ©

A total of $81.63 million flowed into the XRP (Ripple) ETF market in April alone, indicating a continuing trend of institutional funds buying at low prices even in a bear market.

According to investment media FXStreet on April 28 (local time), the Bitwise XRP ETF (XRPI) closed at $7.76, down 0.77% from the previous trading day, and the Rex-Osprey XRP ETF (XRPR) fell 0.70% to $11.30. The total assets under management for XRP spot ETFs were recorded at $1.53 billion, with cumulative net inflows reaching $1.29 billion.

The most notable aspect is the fund inflow in April. US-listed XRP ETFs recorded a net inflow of $81.63 million by April 24, setting a new monthly high for 2026. This flow completely reversed the net outflow of $31.16 million in March, and the fact that there was not a single day of net outflow since April 9 demonstrates the sustained institutional buying, the media analyzed.

Favorable signals also emerged on the regulatory front. The U.S. Securities Exchange Commission (SEC) has begun soliciting comments on NYSE Arca's proposed rule change for commodity-based trust shares, which includes classifying XRP as an eligible asset alongside Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). Furthermore, a key variable is whether the U.S. cryptocurrency market structure bill, the CLARITY Act, will be reviewed by the Senate Banking Committee before the Memorial Day recess on May 21.

Institutional demand is also expanding. Goldman Sachs is reportedly holding positions worth $153.8 million across four XRP ETFs. Bitwise XRPI recorded $329.65 million in assets under management, and several asset managers, including Canary Capital, 21Shares, Franklin Templeton, Grayscale, and Rex-Osprey, are competing in the XRP spot ETF market.

The underlying asset, XRP, is trading around $1.38 and has failed to break through resistance at $1.45-$1.55. However, it is analyzed that approximately 35 million XRP have recently been withdrawn from exchanges, and there is an assessment that cumulative ETF purchases and a decrease in exchange holdings could increase supply pressure. The media suggested that for XRPI, $7.65-$7.75 is a good range for phased buying, and $7.85 is the short-term breakout standard. If the CLARITY Act schedule proceeds smoothly, the possibility of recovering to $9-$10 is open.

*Disclaimer: This article is for investment reference only and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*