Strong wallet growth supports XRP ETF inflows, even as bitcoin and ether funds underperform.

Fresh inflows into XRP-linked investment products, alongside a sharp rise in new wallet creation, suggest traders may be rotating selectively into XRP while reducing exposure to major cryptocurrencies.

XRP traded near $1.37 during midday Hong Kong hours on Thursday, according to CoinDesk data. By comparison, bitcoin hovered around $77,400 while ether remained under pressure, highlighting diverging momentum across the crypto market.

CoinGlass data shows XRP-focused funds attracted $8.88 million in inflows in the latest session, extending a recent streak that included $18.52 million on May 14 and $10.87 million on May 15. Over the past week, total net inflows into XRP products have reached roughly $42 million.

That trend stands in contrast to continued outflows from larger crypto investment vehicles. Bitcoin ETFs recorded $100.9 million in outflows in the latest session, following earlier redemptions of $648.6 million, $331.1 million, and $290.4 million. Ether funds also remained weak, posting $32.6 million in outflows.

The split suggests a more targeted rotation within digital assets, with XRP attracting relative demand while top-tier crypto funds face sustained selling pressure. Still, XRP’s underlying network activity remains weaker compared with late 2025 levels.

On-chain data offers additional context, though it remains inconclusive. Blockchain analytics firm Santiment reported that XRP saw the fourth-largest daily spike in wallet creation this year, with 4,300 new wallets added in a 24-hour window.

While surges in wallet creation can indicate fresh user participation—especially alongside inflows—the broader trend remains subdued. Santiment data shows XRP network growth has generally declined since late 2025, suggesting the latest spike may reflect short-term speculative positioning rather than sustained adoption.

For traders, the key question is whether these signals mark the beginning of a broader rotation into XRP or simply a temporary shift in positioning amid continued weakness across the wider crypto market