Spot XRP ETFs Log Strongest Inflows Since December as April Hits Four-Month High
After losing momentum in March, spot exchange-traded funds (ETFs) tied to XRP—the second-largest non-stablecoin altcoin—rebounded in April with their strongest showing since December. The token itself made only modest progress, leaving traders focused on what could come next.
Spot XRP ETFs return to net inflows
XRP-focused spot ETFs started with a standout run. Following the November 13 launch of Canary Capital's XRPC, the products attracted their first $1 billion in roughly a month. Daily flows stayed consistently positive through January 7, with no day seeing net outflows exceed inflows.
That pace slowed as global uncertainty weighed on risk appetite. Net inflows dropped from $500 million in December to $15.6 million in January. February improved to $58 million, but March turned negative for the first time, posting more than $31 million in net outflows. SoSoValue data also showed several sessions with no reportable activity.
April again included a handful of quiet days, but the month closed firmly positive. Net inflows totaled $81.59 million, marking the best month since December, though still well below the records set in November and December. Cumulative inflows reached a new all-time high of $1.3 billion on April 29 before edging lower on April 30.
XRP price remains under pressure
XRP has struggled since spot XRP ETFs launched. The token traded above $2.40 on the debut day and now battles to hold above $1.40.
Crypto analyst BATMAN described the current area as a "make-or-break" level, saying XRP is repeatedly testing a key trendline. A decisive breakdown could extend the bearish trend and open the door to lower lows. Holding the bullish trendline, in their view, could support a bounce.
Another analyst, CW, called XRP's price action "boring," while arguing that upside potential in the futures market continues to build. They suggested that once the market breaks out of the current range, that accumulated potential could unwind into a sharp move.
