XRP Sees Strong ETF Inflows as Bitcoin and Ether Face Pressure

XRP traded near $1.37 during midday trading in Hong Kong on Thursday, according to CoinDesk market data, as growing ETF inflows and a spike in wallet creation fueled speculation that investors may be rotating into XRP while bitcoin and ether struggle to maintain momentum.

The broader crypto market remained under pressure, with bitcoin hovering around $77,400 and ether continuing to trade below key resistance levels. Despite weakness in major cryptocurrencies, XRP investment products recorded notable gains. Data from CoinGlass revealed that XRP-linked funds attracted $8.88 million in fresh inflows during the latest trading session. This followed earlier inflows of $18.52 million on May 14 and $10.87 million on May 15, bringing total weekly inflows to approximately $42 million.

In contrast, bitcoin ETFs continued to see heavy outflows. The latest daily session recorded withdrawals of $100.9 million, adding to previous redemptions of $648.6 million, $331.1 million, and $290.4 million over recent sessions. Ether-related investment products also posted losses, with outflows reaching $32.6 million.

The divergence has led analysts to closely monitor XRP as investors appear to be seeking alternative crypto exposure beyond bitcoin and ether. Some market participants believe the trend may indicate the early stages of a broader capital rotation into altcoins.

On-chain metrics also provided additional support for XRP’s recent momentum. Blockchain analytics platform Santiment reported that the XRP Ledger experienced the fourth-largest daily increase in wallet creation this year, with roughly 4,300 new wallets added within 24 hours. Increased wallet activity can sometimes signal growing network participation and renewed investor interest.

However, analysts remain cautious. Santiment’s broader data shows XRP network growth has generally slowed since late 2025, suggesting the latest spike could represent short-term speculative activity rather than long-term adoption growth. Investors are now watching closely to determine whether XRP can sustain its momentum amid continued weakness across the wider cryptocurrency market.