After years of legal battles, Ripple [XRP] has finally found its footing in Wall Street.
Since their launch on the 13th of November, five spot XRP ETFs, offered by Canary, 21Shares, Grayscale, Bitwise, and Franklin Templeton, have experienced surging demand.
Data from SoSoValue data shows these funds drew $1.13 billion in net inflows by the 23rd of December, bringing their total assets to $1.125 billion.
XRP ETF gains ground
While the broader crypto market has been on a rollercoaster, XRP spot ETFs are demonstrating a rare level of consistency.
These funds have recorded net inflows every single trading day since their launch, marking an unbroken 33-day streak. This performance sets XRP apart from the market leaders.
Over the same period, both Bitcoin and Ethereum ETFs have experienced several sessions of significant outflows.
Franklin Templeton crosses 100M XRP
A key driver of this momentum is Franklin Templeton.
The Wall Street giant’s XRP spot ETF recently reached a major milestone, officially surpassing 100 million XRP in total holdings. As of 22nd December, the fund holds approximately 101.55 million XRP, valued at roughly $192.7 million.
This strong level of backing acts as a clear signal to institutions that XRP is now safe to invest in, despite its past legal issues.
The price paradox
Despite strong buying activity from ETF issuers, XRP’s price has continued to struggle in sustaining upward momentum.
At the time of writing, XRP was trading at $1.84, down roughly 1.68% in the last 24 hours and had dropped 10.55% in a month.
However, some traders believe it’s not all that bad yet.
This followed a recent analysis of data from Santiment, negative social media chatter around XRP has reached unusually high levels.
Paradoxically, periods of extreme “FUD” (Fear, Uncertainty, and Doubt) have often signaled bullish potential. When sentiment turns most pessimistic, XRP has a history of surprising the market with sharp breakouts.
With inflows still positive, many analysts view the current price dip as a coiled spring, poised to release upward momentum when conditions align.
Santiment noted,
“XRP is seeing far more negative social media commentary than average. Historically, this setup leads to price rises. When retail has doubts about a coin’s ability to rise, the rise becomes significantly more likely.”
Final Thoughts
- The contrast between XRP’s steady ETF demand and the outflows seen in Bitcoin and Ethereum suggests an emerging rotation in institutional priorities.
- ETF inflows continuing despite market volatility imply that buyers aren’t reacting to short-term noise; they’re positioning for long-term utility.
