Spot XRP (XRP) ETFs reached a record $1.29 billion in cumulative net inflows, yet the underlying token remains stuck in a months-long sideways range.
ETF Inflows Set Record
Spot XRP exchange-traded funds extended their recovery streak through the week ending Apr. 17, when net inflows hit.
The following week added another $15.74 million.
That pushed cumulative net inflows to roughly $1.29 billion.
April alone has drawn $81.63 million, the strongest monthly haul since December.
The funds debuted in mid-November and crossed $1 billion within weeks. They had not seen a single outflow day until Jan. 7, but March eventually closed as the first red month, with more than $31 million pulled out.
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Analysts Eye Range
Despite the renewed institutional bid, XRP has not capitalized. The token was rejected at $1.46 earlier this week and trades near $1.43, barely moved on the week.
Analyst Crypto Tony described a "boring few months" for XRP, which has held between $1.20 and $1.60 for over 60 days. Ali Martinez sees a sharper path, projecting a drop to $0.90 before any move toward $13.
XRP has traded inside a narrow band since January, down roughly 45% year-to-date even after the SEC and CFTC jointly classified it as a digital commodity in March.
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