XRP ETFs XRPI, XRPR and Bitwise XRP Hold $1.47B as XRP-USD Price Hovers Near $2

XRP ETF Complex At A Turning Point: XRPI, XRPR And Bitwise XRP After $1.22B Inflows

From Record Green Streak To First Red Print: What The Latest XRP ETF Flows Really Show

Spot XRP ETFs have gone from the cleanest “only green” story in crypto ETFs to their first meaningful wobble, without breaking the core trend. Since mid-November 2025, U.S. XRP funds have pulled in around $1.22 billion in cumulative inflows, lifting total net assets to about $1.47 billion, or roughly 1.16% of XRP’s market cap. Over the latest full week, they still added about $38–38.1 million of net new money, even after a one-day hit of $40.8 million in outflows. Weekly trading volume hit a record near $219 million, almost double the prior week’s $117.4 million, confirming that liquidity in the XRP ETF complex is deepening rather than drying up. Against that backdrop, Bitcoin ETFs have bled roughly $2.4 billion and Ethereum products around $898 million over a similar window, so capital is clearly rotating into XRP exposure while rotating out of BTC and ETH.

XRPI: $12.06 Price, $155M AUM And A $1.76M Outflow That Looks Like Risk Trimming, Not Capitulation

The Volatility Shares Trust XRP ETF – XRPI (NASDAQ:XRPI) sits around $12.06, down about 2.03% on the day, versus a previous close of $12.31. Intraday, XRPI traded between $12.01 and $12.49, with an average daily volume of roughly 542.6K shares and a 52-week range of $10.44–$23.53. On January 8, 2026, XRPI saw investors pull $1,763,174, cutting fund assets to approximately $155,411,194; the withdrawal is about 1.13% of AUM. In ETF terms that is a notable but far from catastrophic single-day outflow: it is big enough to show real repositioning, but nowhere near the size you’d expect if institutions were dumping the structure. When the underlying XRP-USD is sitting near $2.09–$2.09427 and down roughly 9.48% over three months, with a 1-day technical read at Hold, this pattern fits classic profit-taking and risk trimming after a strong run, not a structural rejection of XRPI.

XRPR And Bitwise XRP ETF: Secondary Liquidity Layer Around XRP-USD Near $2.09

The REX Osprey XRP ETF – XRPR (BATS:XRPR) trades around $17.18, down about 1.38% on the session, from a prior close of $17.42. The day’s range has been $17.04–$17.67, versus a 52-week band of $14.79–$25.99, on modest average volume of roughly 22.98K shares – a thinner but still functional liquidity pool for tactical exposure.
The Bitwise XRP ETF (NYSEARCA:XRP) sits near $23.34, off 1.93% from a previous $23.80, after trading between $23.25 and $24.18 with a 52-week range of $20.00–$26.90 and average volume around 74.33K. Together, XRPI, XRPR and the Bitwise XRP ETF provide layered liquidity around XRP-USD near the $2.08–$2.11 zone. The ETFs are absorbing both directional bets and hedging flows, with the price action showing controlled pullbacks rather than disorder: all three funds are trading well above their 52-week lows while sitting meaningfully below their recent highs, a textbook “mid-range consolidation” in a volatile asset.

XRP-USD Price Structure: From Sub-$1.90 Year-End Close To $2.41 Spike And A Fight Around $2.00

Spot XRP-USD ended 2025 below $1.90, finishing the year in the red before flipping sharply higher in early January. From January 2, XRP ripped almost 30% in under a week, hitting a local high around $2.41, its strongest print in nearly two months. That $2.41 zone has now proven to be a clear supply area: long upper wicks in that region flagged heavy selling, and the ETF complex logged its first sizeable outflow day just as price was rejected there. Since then, XRP has been trading near $2.08–$2.09, down about 1.4% over the last 24 hours with 24-hour volume near $1.63 billion, trapped in a tight intraday range of roughly $2.08–$2.11. Technically, markets are now watching $2.10–$2.13 as short-term resistance and $2.04–$2.00 as the first real demand zone. Below that, analysts are flagging $1.96 and then $1.90 as deeper supports that correspond to the pre-run area at the end of 2025.

ETF Flow Math: $1.22B Cumulative Inflows, $1.47B Net Assets And 1.16% Of XRP’s Market Cap

Across all U.S. spot XRP ETFs, cumulative inflows since launch in November 2025 stand near $1.22 billion, against total net assets around $1.47 billion. That implies roughly 1.16% of XRP’s total market value is now warehoused inside these regulated vehicles. The capital is not trivial: it is already larger than many single-country equity ETFs and, more importantly, it arrived while Bitcoin ETFs were losing about $2.4 billion and Ethereum ETFs around $898 million. Daily flows underscore the resilience: XRP ETFs printed another $4.93 million in net inflows on January 9, marking only one negative daily print since inception. Structurally, that is what a growing, sticky institutional base looks like – steady net buying, occasional shakeouts, and increasing volume.

Weekly Tape: $40.8M Outflow Day, Yet $38M Net Inflows And $219M Record Volume

The headline scare for the XRP ETF trade was the $40.80 million net outflow day on January 7, which snapped the longest uninterrupted positive-flow streak of any crypto ETF cohort on Wall Street. Taken in isolation, that looks dramatic. Put into weekly context, it looks much less threatening. The same week saw $46.10 million of inflows on Monday, $19.12 million on Tuesday, $8.72 million on Thursday and $4.93 million on Friday, leaving net weekly inflows of about $38.07–$38.1 million. At the same time, weekly trading volume surged to roughly $219 million, the highest level since launch and above the prior $213.9 million high from late December. The pattern is typical of a crowded, profitable trade meeting the first bout of real two-way activity: gross turnover jumps, one day prints a sharp negative bar, yet the weekly net remains firmly positive.

Institutional Behavior: Canary XRPC, Bitwise, Franklin, Grayscale And 21Shares Positioning

Within the XRP ETF stack, leadership is already clear. Canary Capital’s XRPC sits at the top with around $375–393 million in cumulative net inflows and net assets. The Bitwise XRP ETF follows with roughly $292–300 million, then Franklin Templeton’s XRPZ at about $276–280 million, and Grayscale’s GXRP near $263–271 million. 21Shares’ TOXR is the outlier, running a net outflow profile of about $7.77 million since inception in one data cut, but in other tallies now carries roughly $246.9 million in assets – still a meaningful footprint. The last weekly flow data show Franklin adding about $4.53 million on January 9, the largest single-day inflow among sponsors, confirming that established issuers with distribution muscle are still growing their XRP books. Institutions appear to be consolidating around a few core tickers – XRPI, XRPR, Bitwise XRP, XRPC, XRPZ, GXRP – instead of spreading risk across marginal products.

Macro Backdrop: 50K Payrolls, 4.4% Unemployment And Why XRP Trades Like A High-Beta Rates Proxy

Recent macro data explain why XRP-USD and the XRP ETFs are trading as a leveraged expression of Fed expectations. December U.S. non-farm payrolls increased by about 50,000 jobs, while the unemployment rate eased to 4.4% from a revised 4.5%, and wage growth held steady. That combination — softer but not collapsing labor — keeps the Fed in a “higher for longer” stance rather than rushing toward cuts. Fed funds futures have almost eliminated the probability of a January rate cut, and markets are pivoting to CPI on January 13 and the Fed meeting around January 27-28. Analysts expect December CPI to rise about 0.3% month-on-month versus 0.2% in November. Crypto as a whole is trading as a high-beta risk asset to this backdrop; XRP-USD is particularly sensitive because new XRP ETFs have made it easier for macro desks and multi-asset allocators to express tactical views through regulated wrappers like XRPI, XRPR and the Bitwise XRP ETF.

Regulatory Track: Clarity Act, Ripple’s SEC Submission And The Compliance Pitch Behind XRP ETFs

The regulatory narrative is a major driver of why institutional money is comfortable buying XRP ETFs while remaining more cautious on other alt-coins. Ripple has been pushing U.S. regulators to narrow the scope of securities laws for crypto, arguing in written submissions that secondary-market trading of tokens such as XRP-USD should not automatically trigger securities classification. In parallel, the proposed Clarity Act in Congress is seen as potentially recognizing XRP as a non-security, which would sharply reduce headline risk for issuers of XRPI, XRPR and the Bitwise XRP ETF. That prospect is one reason desks see XRP as “having the most to gain” from legislative progress. In November, Ripple’s own valuation tripled to around $40 billion after a $500 million funding round featuring Citadel Securities, Fortress, Pantera Capital and Galaxy Digital, plus new partnerships with Mastercard and Gemini focused on stablecoin and payments infrastructure. For ETF buyers, that set of facts reads as a strong compliance-first story: a large, better-capitalized issuer, a visible regulatory agenda, and blue-chip financial backers.

Developer Skepticism Versus The XRP Army: Builder Mindshare And Community Capital

Not everyone is convinced that XRP-USD justifies the ETF enthusiasm. Critics like Brian Huang from Glider point to a16z’s builder mindshare data and emphasize that XRP barely shows up when ranked by developer activity. The argument is straightforward: without builders, infrastructure and applications don’t grow; without that, long-term token appreciation is limited. Some institutional investors reportedly regard XRP as closer to a meme trade than a core infrastructure asset. On the other side of the ledger, the flows tell a different story. The “XRP Army” has proven willing to buy and hold through years of SEC litigation and scepticism from the broader crypto community. That base is now being augmented by regulated ETF capital. The success of the XRP ETFs does not require XRP to become the dominant smart-contract platform; it requires sustained belief in the network’s role in payments and liquidity, plus willingness to own a volatile asset that now has mainstream distribution through XRPI, XRPR and the Bitwise XRP ETF.

Technical Setup: Compression Between $2.04 And $2.18 With $1.96–$2.00 As The Real Line In The Sand

Technically, XRP-USD is moving into a classic compression pattern. After the spike to $2.27–$2.41, price has pulled back into the 0.382–0.5 Fibonacci retracement zone, a region where trend-continuation buying often appears. The token is hovering just above the 200-EMA, with the 50-EMA flattening, creating a squeeze that frequently precedes a volatility expansion. The RSI near 41 signals cooling momentum, not capitulation. Structure on lower timeframes shows a descending wedge nested within a broader bullish continuation: support sits around $2.04–$2.00, resistance near $2.13–$2.18, then $2.22–$2.34, with the prior local high at $2.41. A close above $2.18 would likely trigger tests of $2.27 and then $2.41; a confirmed break above $2.41 reopens the path toward the prior cycle peak around $3.65, which is still about 37% higher than current levels. A sustained break below $2.00 exposes $1.96 and then $1.90, where ETF buyers would face their first serious mark-to-market pain since launch.

Relative Positioning Versus Bitcoin And Ethereum ETFs: Rotational Tailwind For XRP Exposure

From a cross-asset point of view, XRP ETFs are benefiting from rotation rather than broad ETF risk-on. Bitcoin products hold about $116.9 billion in net assets (6.48% of BTC’s market cap) and have still attracted $56.4 billion net since January 2024, but the latest week delivered about $681 million in outflows. Ether ETFs hold roughly $18.7 billion (5.04% of ETH’s cap) and lost about $68.6 million over the same week. Against that, the $38 million net inflow into XRP ETFs and $219 million of weekly volume show that capital is not leaving crypto ETFs altogether; it is rotating along the risk spectrum. For allocators who have already monetized gains in BTC and ETH, XRPI, XRPR and the Bitwise XRP ETF offer a new, high-beta way to stay exposed to the digital-asset theme with a specific regulatory catalyst and a still-developing ETF footprint.

Risk Map: What Can Break The Bull Case For XRPI, XRPR And Bitwise XRP ETF

Risks are clear and non-trivial. A failure of the Clarity Act, or an adverse turn in U.S. regulatory posture toward XRP-USD, would immediately hit the narrative that underpins institutional comfort with XRPI, XRPR and the Bitwise XRP ETF. A sharp macro shock — hotter-than-expected CPI, a more hawkish Fed tone, or a risk-off equity correction — would likely push XRP-USD back through $2.00 toward $1.90–$1.80, amplifying drawdowns inside the ETFs. On-chain development risk is real: if builder activity continues to lag and alternative L1s/L2s capture the next wave of infrastructure growth, a purely narrative-driven XRP trade can lose relevance over time. Flow risk matters too: once cumulative inflows have crossed $1.22 billion, any sustained reversal of that trend could easily generate $100–200 million of net redemptions over a short window, creating price pressure in a market that has become accustomed to one-way ETF demand.

Verdict On XRPI, XRPR And Bitwise XRP ETF: Buy, With Full Acceptance Of High Volatility And Flow Risk

Taking the flows, price structure, macro backdrop and regulatory path together, the XRP ETF complex – XRPI, XRPR and the Bitwise XRP ETF – screens as a Buy for investors who understand they are trading a high-volatility, flow-driven asset linked to XRP-USD around $2.09. The numbers are clear: $1.22 billion poured in since November, net assets near $1.47 billion, only one meaningful outflow day so far, record weekly volume at $219 million, and XRP still about 37% below its $3.65 high even after a ~30% spike to $2.41 in early January. Support zones at $2.04–$2.00 and $1.96–$1.90 give a visible technical risk frame, while upside levels at $2.18, $2.27, $2.41 and beyond define the reward path. As long as ETF inflows stay net positive, macro data do not force a disorderly de-risking, and the regulatory narrative keeps edging toward clarity, XRPI, XRPR and the Bitwise XRP ETF remain positioned as leveraged, liquid vehicles to express a bullish stance on XRP-USD within a regulated wrapper.

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