Institutional Funds Pour into XRP ETF…Can it Break $9?

▲ XRP(Ripple) ETF ©

The XRP (Ripple) ETF market saw $81.63 million flow in during April alone, continuing the trend of institutional funds buying at low prices even amidst a bear market.

According to investment media FXStreet on April 28 (local time), Bitwise XRP ETF (XRPI) closed at $7.76, down 0.77% from the previous trading session, and Rex-Osprey XRP ETF (XRPR) fell 0.70% to $11.30. The total assets under management for XRP spot ETFs were recorded at $1.53 billion, with cumulative net inflows reaching $1.29 billion.

The most notable aspect is the capital inflow in April. U.S.-listed XRP ETFs recorded a net inflow of $81.63 million by April 24, setting a new monthly high for 2026. This trend completely reversed the $31.16 million net outflow in March, and the fact that there has been no net outflow for a single day since April 9 demonstrates the sustained institutional buying, the media analyzed.

Favorable signals have also emerged on the regulatory front. The U.S. Securities and Exchange Commission (SEC) has begun soliciting comments on NYSE Arca's proposed rule change for commodity-based trust shares, which includes classifying XRP as an eligible asset alongside Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). Furthermore, whether the U.S. cryptocurrency market structure bill, the CLARITY Act, will be reviewed by the Senate Banking Committee before the Memorial Day recess on May 21 is considered a key variable.

Institutional demand is also expanding. Goldman Sachs is reportedly holding positions worth $153.8 million across four XRP ETFs. Bitwise XRPI recorded $329.65 million in assets under management, and several asset managers, including Canary Capital, 21Shares, Franklin Templeton, Grayscale, and Rex-Osprey, are competing in the XRP spot ETF market.

The underlying asset, XRP, is trading around $1.38 and has failed to break through resistance at $1.45-$1.55. However, it has recently been analyzed that approximately 35 million XRP have been withdrawn from exchanges, and there are evaluations that accumulated ETF purchases and a decrease in exchange holdings could increase supply pressure. The media suggested $7.65-$7.75 as a staggered buying zone for XRPI, and $7.85 as a short-term breakout criterion, seeing the possibility of a recovery to $9-$10 if the CLARITY Act schedule proceeds smoothly.

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