Foreign media reports that XRP has recently shown two opposing signals: on the one hand, there is an increase in outflows from exchanges and related ETF products continue to attract funds; on the other hand, the price has fallen back following Bitcoin, and there has been no significant buying pressure in the market.
Exchange outflows and ETF inflows coexist
The report, citing market analyst Crypto Jet, stated that over 25 million XRP have been transferred out of exchanges in the past few days. Such changes are typically interpreted as holders moving assets into private wallets, indicating a preference for medium- to long-term holding rather than preparation for sale.
Meanwhile, ETFs linked to XRP continue to see steady inflows, indicating that institutional exposure is still increasing. In a market environment with strong sentiment, this combination is usually interpreted as a bullish signal.
Fund inflow does not equate to spot buying.
However, the article argues that the inflow of funds did not directly translate into active buying in the spot market. Funds can enter ETFs, custodial accounts, or long-term wallets, but this does not necessarily create immediate market quotations that drive up prices.
With weak spot demand, XRP's price is more likely to follow Bitcoin's fluctuations. Recently, after Bitcoin fell below $60,000, overall market liquidity tightened, leveraged positions retreated, risk appetite cooled, and other tokens also faced greater pressure.
XRP returns to key psychological zone
According to CoinCodex data, XRP is currently trading at $1.13, having returned to a range where the market is more sensitive to sentiment. With increasing discussion about it potentially testing the $1 level, its short-term direction depends more on whether the overall market stabilizes than on a single fund flow indicator.
The article argues that the current focus should not be on whether XRP itself lacks allocation, but rather on when this allocation will translate into more concrete spot demand. Until Bitcoin's decline bottoms out, assets like XRP are likely to continue to be subject to the overall market trend.
