XRP Climbs 5% to a One-Week High as U.S. Spot ETF Flows Turn Negative

XRP rose 4.96% to about $1.36 over the 24 hours captured in a Wednesday, Oct. 21, market snapshot, marking a one-week high as U.S. spot XRP ETFs posted their first net outflow in 13 weeks.

For the week ending Oct. 16, net withdrawals from the funds totaled $1.84 million, following 13 straight weeks of inflows. Cumulative net inflows remained close to $1.8 billion, leaving the longer-term total positive despite the weekly reversal.

The price reading spans 24 hours; the fund total covers the week through Oct. 16. The measures capture separate periods and do not establish what drove either XRP’s rebound or the outflow.

The end of the inflow streak coincided with a seven-month high in tracked XRP transfers to exchange wallets, discussed in an earlier exchange-deposit update.