XRP-focused exchange-traded funds have now posted 13 consecutive weeks of inflows, even as the token's spot price dropped roughly 7.3% during the latest stretch. The divergence highlights a split between persistent institutional appetite and weaker near-term market sentiment.
According to data from SoSoValue, Bitwise has dominated the inflow trend among U.S.-listed spot XRP ETFs, although the broader crypto fund complex has weakened. Notably, institutional demand has paused in recent days: spot XRP ETFs recorded zero net flows for three consecutive sessions, and October has produced only three inflow days and one outflow day. Total monthly inflows remain just above $12 million.
Separately, CryptoQuant data pointed to a sharp increase in Binance whale activity. From October 7 to October 13, Binance's seven-day average Whale vs Retail Spread rose from 53% to 63.5%, a jump of 10.5 points. Across all centralized exchanges, the same metric ticked up only from 46% to 47.7%. The Binance-specific reading now sits 15.8 points above the broader market, close to the 18-point gap seen on August 3, when XRP traded near $1.07 before climbing about 46% to $1.56.
XRP is currently hovering around $1.38. Market data also showed spot volume across centralized exchanges fell by $1.943 billion between August 26 and October 11, while Binance's spot-to-futures ratio declined from 31% to 12.7%, suggesting futures activity now dwarfs spot trading. CryptoQuant said some traders may be waiting for cheaper entries.
Sentiment has turned negative, with bullish comments trailing bearish ones at a 0.92 ratio across social platforms, but some analysts argue that pessimism could set the stage for a rebound. A German analyst separately noted XRP has tested a key resistance zone seven times without a convincing breakout, with a brief rejection toward $1.29. The next major hurdle is seen in the $2.15–$2.20 range.
