XRPI And XRPR ETF Prices Lag At $7.74 And $11.44 While $1.23B XRP ETF Flows Test A Weak $1.38 Spot

XRPI and XRPR – XRP ETF prices crushed while the on-chain story turns more complex

XRPI – $7.74, deep drawdown and still the main liquid XRP ETF line

XRPI (XRP ETF, NASDAQ:XRPI) trades around $7.74, down 2.09% on the day after slipping $0.17 from a previous close of $7.90. The session range sits in a tight $7.70–$8.00 band, with a one-year range of $6.50–$23.53. At today’s level XRPI is trading at roughly a third of its 52-week peak, about 67% below $23.53, while maintaining an average volume of ~622.9K shares.
This profile tells you two things. First, liquidity is acceptable for an XRP-linked ETF – clips in the tens of thousands of shares can usually clear without destroying the book. Second, the market has already repriced a huge chunk of optimism out of XRPI, even while XRP itself holds around $1.36–$1.40. The gap between the one-year high and today’s print reflects the entire reset of the XRP narrative: fading retail leverage, slower ETF inflows and a more selective institutional bid rather than a washout of XRP as an asset.

XRPR – $11.44 pinned in a narrow tape, structurally more fragile than XRPI

XRPR (REX Osprey XRP ETF, BATS:XRPR) sits around $11.44, up 1.06% on the day after gaining $0.12 versus a previous close of $11.32. The day range is effectively frozen at $11.44–$11.44, with a 52-week band of $9.50–$25.99 and average volume of only ~12.6K shares.
Here the drawdown is smaller than XRPI in percentage terms – current levels are roughly 56% below the $25.99 peak – but the real problem is the tape. With that kind of volume, any meaningful allocation risks wide spreads and execution slippage. XRPR is behaving like a niche instrument riding on the same underlying thesis as XRP-USD, but without the depth you see in XRPI. Structurally, XRPR magnifies all the usual XRP risks (headline shocks, regulatory noise, crypto-wide drawdowns) on top of micro-liquidity risk.

Spot XRP at $1.36–$1.40 – 19% monthly slide, bearish structure and a tired derivatives market

XRP itself trades just under $1.40, roughly $1.36–$1.38 in most quotes, after adding about 1% in the last 24 hours yet remaining down 19% for the month. It retested support around $1.10–$1.12 last week and bounced, but the medium-term structure is still bearish.
On a four-hour chart XRP is sitting well below the 50-EMA at $1.80, the 100-EMA at $1.99 and the 200-EMA at $2.18, all of which are rolling over. That triple stack of declining moving averages is exactly what you see in an asset still digesting a previous up-cycle. The RSI near 42 on shorter timeframes and around 35 on the daily tells the same story: momentum has cooled, sellers are no longer in full control, but there is no confirmed upside reversal. MACD lines stay under the zero line with a negative histogram, which fits a market where every pop into $1.40–$1.54 meets supply.
Derivatives confirm the exhaustion. XRP futures open interest has collapsed from a record $10.94B back in July to roughly $2.30B, a drawdown of about 80%. That is retail deleveraging in slow motion. Short-term funding pressure has eased, but the absence of leverage also caps the speed of any rebound: without aggressive positioning, sharp squeezes are less likely, and spot needs a stronger spot-driven bid to move.

ETF flows – $1.23B into XRP products, Goldman’s $152M stake and a sudden pause

Despite the poor month in spot, XRP ETF figures show that large money hasn’t walked away. US-listed XRP ETFs have accumulated around $1.23B in total inflows, with net assets under management close to $1.0–$1.0B across vehicles, depending on the day’s mark. In the latest stretch, these funds logged a five-day inflow streak, including roughly $3.26M added on one session, before printing zero flows on Thursday.
Within that picture, one detail matters: Goldman Sachs disclosed roughly $152M in XRP ETF exposure, representing about 14% of total net ETF inflows over the last year. That is not a meme-sized ticket. It signals that XRP is part of the same institutional allocation conversation as Bitcoin or Ether, even if the size is much smaller. XRPI and XRPR, along with the Bitwise XRP ETF, are the main vehicles that convert this interest into listed volume.
By contrast, on a recent day crypto ETFs linked to other coins saw a very different pattern: spot Bitcoin funds recorded about $276.3M in net outflows and spot Ether products lost around $129.2M, while XRP ETFs were flat and Solana products managed only a $478.9K inflow. That divergence says something about how selective allocation has become. When redemptions hit the larger crypto ETFs, XRP did not attract panic selling – it simply went quiet. Silence is not bullish, but it is not capitulation either.

XRP Ledger – active addresses surge from 17K to 32.7K while tokenization and stablecoins move in

On-chain activity on the XRP Ledger (XRPL) has quietly improved. Active addresses jumped from roughly 17,000 on Sunday to around 32,700 on Wednesday, almost a 92% increase in a few days. That kind of spike shows more wallets actually transacting, not just prices flickering on order books. It can mean everything from new flows into XRPL-based products to higher rotation among existing holders.
At the same time, Ripple is pushing XRPL deeper into real-world asset and fund infrastructure. A new partnership with Aviva Investors aims to tokenize funds on XRPL, explicitly targeting “time and cost efficiency” for fund units and distributions. That is exactly the type of use case regulators and large asset managers care about: compliant instruments, auditable rails, and cheaper operating models. If Aviva scales this beyond a sandbox, XRPL becomes more than a purely speculative rail for cross-border flows.
Stablecoins are moving in as well. RLUSD, a Ripple-linked dollar stablecoin, has been fully integrated on XRPL by a top exchange, with expansion to Ethereum Layer-2 chains on the roadmap. That broadens the transactional surface for XRP’s ecosystem: more stablecoin routes generally mean more settlement flows, more liquidity pools and, eventually, more fee volume. For XRPI and XRPR holders, these developments won’t move the needle day-to-day, but they lay foundations for a more resilient network if risk appetite returns.

Lending protocol XLS-66 – turning dormant XRP into yield and changing supply dynamics

A major structural shift sits in the pipeline with the XRP Lending Protocol (XLS-66), which Evernorth plans to incorporate into its digital asset strategy. The idea is straightforward: a large chunk of XRP’s $100B-plus market capitalization sits idle in cold storage or parked on exchanges. XLS-66 will allow holders to move XRP into Single-Asset Vaults (SAVs) and lend those balances in fixed-term, fixed-rate deals on-chain.
If even a modest fraction of this idle supply migrates into structured loans, you suddenly have a multi-billion-dollar annual yield market built on top of XRP, with flows that look much closer to traditional credit products. That has two implications for XRPI and XRPR. First, yield opportunities on XRP can support a more sticky holder base, because holders have a reason not to flip into other coins at every volatility spike. Second, by locking up supply in lending vaults, XLS-66 can tighten the effective float over time, making each marginal ETF inflow more impactful on price.
The key question is execution. If XLS-66 remains a niche platform with only a few hundred million dollars of balances, it will not move the macro picture. If it scales into several billion with credible risk management and institutional borrowers, it becomes part of the thesis behind XRP’s longer-term valuation and, by extension, behind the net asset value that XRPI and XRPR reflect.

Institutional narrative – BlackRock ETF speculation and XRP’s fight for a seat at the big table

Beyond today’s confirmed positions, there is a growing narrative that a large global asset manager could eventually file for a dedicated XRP ETF. One widely watched commentator has already argued that an ETF filing from a mega-manager could easily double XRP’s price from current levels, simply by widening access and adding a new layer of mandated buyers. That is directional, not a guarantee, but the logic is the same dynamic seen with Bitcoin spot ETFs.
Right now, XRP is competing for shelf space in a world where Bitcoin and Ether already have established, liquid ETFs and where other names such as Solana have begun attracting smaller but persistent inflows. If XRP remains stuck in a mid-tier position with only a handful of smaller products, XRPI and XRPR will continue to trade as leveraged plays on sentiment swings rather than on a core allocation trend.

Retail versus institutions – ETF flows up, OI down and what it means for XRPI / XRPR

The imbalance between institutional and retail behavior is stark. On the one hand, cumulative XRP ETF inflows around $1.23B, Goldman’s $152M stake and steady net assets above $1B show that regulated vehicles are quietly absorbing coins. On the other hand, retail participation has faded: futures open interest sliding from $10.94B to $2.30B and spot underperformance versus high-beta peers show that smaller accounts are not chasing bounces.
For XRPI, that mix is actually constructive relative to history. An ETF with decent volume, a drawdown of ~67% from the high and a buyer base that is more allocation-driven than levered is less prone to flash crashes than the typical XRP derivative. If XRP holds above $1.25–$1.30 and ETF inflows resume after the latest pause, XRPI can grind higher even without a mania phase.
For XRPR, the same backdrop is riskier. With only ~12.6K shares trading on an average day, any change in positioning by a single large holder can swing the tape. The thin liquidity means XRPR is more exposed to gaps on both sides, and even modest redemptions would translate into sharper moves relative to XRPI for the same underlying XRP price action.

Short-term price map – key numbers for XRP and how they feed back into XRPI / XRPR

Technically, the near-term map on XRP-USD is clear. Immediate resistance sits around $1.40, the level price is struggling to hold. Above that, $1.54 (recent swing high) and the cluster around the 50-EMA at $1.78 are the next logical checkpoints. A daily close above $1.40 with RSI pushing through 50 would signal that the short-term base is stabilizing and give XRPI scope to move off the $7s toward the $8–$9 region.
On the downside, the key supports are $1.25 and $1.12; losing those brings the previous retest near $1.10 back into focus and opens risk toward the low $1.00 handle. If XRP slips back into that zone while ETF flows remain flat or turn negative, XRPI can easily retest the bottom of its 52-week range near $6.50, with XRPR drifting toward or below $10.00.
Given how much of XRP’s downtrend has already played out, the reward-to-risk around $1.30–$1.40 is improving, but it is not yet asymmetrical. The EMAs are still pointing down, and ETF flows have just paused after a streak of inflows. XRPI and XRPR sit exactly where you would expect in that environment: off the lows, but with the tape still heavy.

Verdict – XRPI and XRPR as a speculative HOLD with a medium-term bullish skew

Putting the pieces together – XRPI at $7.74, XRPR at $11.44, XRP spot stuck just below $1.40, $1.23B in cumulative ETF inflows, $152M of exposure at a major global bank, a collapsed but cleaner derivatives market, rising XRPL activity, RLUSD integration and the coming XLS-66 lending layer – the picture is not euphoric, but it is not broken.
For a medium-term horizon, the structural story around XRP is improving while price and leverage are already heavily compressed. That combination supports a speculative HOLD with a bullish bias on XRPI and XRPR rather than an aggressive chase at current levels. XRPI stands out as the more sensible instrument thanks to its volume profile; XRPR is a higher-beta version that only makes sense for those who can live with liquidity risk.
If XRP can reclaim and hold above $1.40–$1.54 while ETF inflows restart after the latest stall, both XRPI and XRPR have room to re-rate higher from these depressed ranges. Until that happens, they remain positions that reward patience and accurate timing rather than blind optimism.

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