XRP (XRP) is still drawing fresh ETF money even as Bitcoin (BTC) and Ethereum (ETH) funds bleed, the rare token attracting institutional cash in 2026.
Key Points:
- XRP spot ETFs took in $131.94 million in May, their strongest month of the year.
- Bitcoin funds shed about $2.43 billion and Ethereum products lost roughly $540.88 million over the same stretch.
- Liquidity on Binance has sunk to a 2020 low, leaving the market exposed to sharp moves.
XRP ETF Inflows Surge
XRP spot ETFs pulled in $131.94 million during May, their strongest month of 2026, on-chain data showed.
The result topped every earlier monthly total this year and held even as the broader market sold off through the week. Bitcoin funds, by contrast, shed about $2.43 billion, while Ethereum products lost roughly $540.88 million.
Since the funds launched, XRP products have posted only a single negative month, and early June added more cash even as the token drifted near $1.27. One bank forecast pegs first-year inflows between $4 billion and $8.4 billion, a target untested in a full bull run. ETF money alone, though, does not prove that long-term spot holders share that conviction.
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XRP Liquidity Warning
The spot market still carries a caution flag. XRP liquidity on Binance has fallen to its lowest level since January 2020, with the 30-day index near 0.043.
Futures open interest, meanwhile, sat near $488.3 million, close to the top of its two-month range and leaving leverage active in a thinning market.
Thin liquidity makes a market easier to push around. Fewer orders sit on the book, so even an ordinary sell can clear them fast. That drags price down further than it would in a deeper market, and the slide days later showed the effect.
Analysts read the drop less as fading interest and more as a shift in ownership, with large holders moving coins toward regulated funds and over-the-counter desks. Whale withdrawals back that view, after Binance logged about 122 million XRP in outflows in one session.
Long-term holders also expanded their stack into the slide, a roughly 22% jump in early June that points to conviction rather than panic.
XRP Price Levels to Watch
XRP has traded inside a rising channel since early February. The recent sell-off tested the floor near $1.18 before the token rebounded toward $1.21, holding up better than its larger peers through the slide. A move above $1.35, which lines up with the 0.618 Fibonacci level, would point to a gain of about 12.5%.
Losing $1.18 would instead crack the channel floor and expose support at $1.11 and, deeper still, near $0.95. The token began 2026 above $2 before sliding through a spring downtrend, and it now sits down roughly 46% from its January high near $2.34. That drawdown tracks the wider crypto unwind that has pressured Bitcoin and Ethereum through the year.
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