XRP ETF Inflows Hit Record High as Price Drifts Toward $1 While Bitcoin Targets $91K

XRP is facing growing pressure despite a massive surge in institutional investment through U.S. spot XRP ETFs. According to SoSoValue, XRP ETFs recorded their largest capital inflow of 2026, attracting $116.74 million. Under normal market conditions, such strong inflows would likely trigger a bullish breakout. Instead, XRP price action has remained weak, slipping slightly since the beginning of May and struggling to regain momentum.

The disconnect between ETF demand and XRP’s market performance highlights the broader uncertainty across the crypto market. Investors appear cautious, and technical indicators suggest the token may continue moving toward the psychological $1 support zone. Analysts watching the weekly TradingView chart note that XRP continues trading below the middle Bollinger Band, a bearish signal that increases the likelihood of further downside. The lower Bollinger Band near $1.05 is now acting as a strong magnet for price action.

Market participants believe the biggest catalyst for XRP could come from U.S. regulation rather than technical recovery. Attention is focused on the upcoming Senate vote on the CLARITY Act, expected in June 2026, with possible approval by July. XRP previously reacted positively to regulatory progress after the Banking Committee approved the bill in a 15-9 vote, briefly making the token one of the top-performing cryptocurrencies. However, the rally faded quickly as overall market sentiment weakened.

If Bitcoin experiences another decline, XRP may struggle to defend current levels and could revisit the $1.05 area. Meanwhile, Bitcoin continues showing resilience despite heavy outflows from U.S. spot Bitcoin ETFs. Over the past week, Bitcoin ETFs reportedly lost $1.26 billion, largely due to selling pressure from BlackRock’s IBIT fund. Even so, BTC has maintained critical technical support around the middle Bollinger Band near $75,000.

This strength keeps alive the possibility of a Bitcoin rally toward the upper Bollinger Band target around $91,150. Investors increasingly view Bitcoin as the dominant safe-haven asset within crypto markets, while many altcoins, including XRP, continue losing strength against BTC pairs. Growing geopolitical optimism surrounding a potential Middle East peace agreement and easing inflation concerns are also influencing investor sentiment across global financial markets.