- XRP funds pulled in nearly $12.57M in weekly inflows as Bitcoin and Ethereum funds bled.
- Wallet creation jumped by 4,300 in one day, marking the fourth-largest spike this year.
- XRP broke below triangle support after failing to clear resistance near $1.54.
XRP investment products continued attracting fresh capital this week, even as Bitcoin and Ethereum funds recorded heavy outflows.
SoSoValue data showed that XRP investment products recorded $8.88 million in net inflows yesterday, May 21. The gains extended a six-day positive streak that included $18.52 million on May 14 and $10.87 million on May 15. Over the past week, XRP products attracted nearly $12.57 million in net inflows.
Meanwhile, U.S. spot Bitcoin exchange-traded funds continued bleeding capital. Bitcoin ETFs posted another $100.9 million in outflows in the latest session after recording withdrawals of $648.6 million, $331.1 million, and $70.47 million over the previous three trading days.
Ethereum investment products also remained under pressure, losing $32.6 million in the latest session.
XRP ETF Assets Reach $1.15 Billion
Notably, cumulative inflows into XRP ETF products climbed to roughly $1.40 billion as of May 21. Total net assets stood at $1.15 billion, while trading volume reached about $19.96 million.
The latest figures highlighted continued investor demand for XRP exposure despite weakness across the crypto market. The inflows contrast with those of Bitcoin and Ethereum funds, which continued to lose assets amid market uncertainty and declining prices.
XRP Wallet Creation Sees Sharp Spike
On-chain data also pointed to increased XRP network activity. Analytics platform Santiment reported that XRP added about 4,300 new wallets over the past day, marking the fourth-largest daily wallet creation spike recorded this year.
Fresh wallet growth can signal rising user participation or speculative trading activity, especially when paired with rising fund inflows.
XRP Price Breaks Below Triangle Support
Despite the ETF inflows and wallet growth, XRP price action weakened during the latest market pullback.
XRP is trading at $1.37 at press time, down 1.2% over the past day and 6.9% over the last week. The token has also declined roughly 43% over the past year. The recent decline followed a failed breakout attempt earlier this month.
XRP rallied to $1.54 on May 15 after seeing a two-month high in network activity. The move allowed the asset to retest the upper resistance trendline of a symmetrical triangle pattern that had formed over more than three months.
However, buyers failed to push XRP above resistance as crypto market momentum weakened. Following the rejection, XRP reversed lower and broke beneath the triangle’s lower support trendline after falling to around $1.34.
Related: XRP Volatility Squeeze Builds as On-Chain Activity Falls and Goldman Exits ETFs
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