XRP Demand Gap Widens as Spot Selling Weighs on Price

XRP slipped to around $1.50, falling 8% over the past 24 hours after failing to maintain support above $1.60. The decline came despite U.S. spot XRP ETFs attracting $18.04 million in net inflows in the previous session, indicating that ETF demand has yet to offset selling pressure in the underlying market.

The token traded as high as $1.60 and as low as $1.46 over the 24-hour period, leaving XRP near the bottom of its range. Its market capitalization dropped to roughly $92 billion, keeping it ranked fifth among cryptocurrencies. XRP also lost 5.6% against Bitcoin, falling to 0.00001755 BTC.

ETF Buying Remains Limited Compared With Spot Activity

Bitwise’s XRP ETF generated $11.54 million in inflows on Tuesday, taking its cumulative inflows to $646.08 million. Franklin Templeton’s XRPZ added $6.50 million, bringing its cumulative figure to $496.80 million.

Across the U.S. spot XRP ETF market, total net inflows reached $18.04 million, pushing cumulative inflows since launch to approximately $1.67 billion. Despite the new capital, combined ETF net assets declined from $1.731 billion in the previous session as the drop in XRP’s market price lowered the value of existing holdings.

The ETF inflow was also relatively small compared with activity in the spot market. At $18.04 million, the fresh capital represented about 0.44% of XRP’s $4.1 billion in 24-hour spot volume. Although the figures are based on different measurement periods, the comparison shows that ETF flows were small compared with total spot-market turnover.

CoinGecko identified profit-taking as one of the main factors behind the latest decline. XRP advanced from roughly $1.29 to $1.38 on September 18 before moving toward $1.60 in subsequent sessions. The failure to break higher may have prompted some recent buyers to realize gains.

Increased XRP deposits on Binance offer another possible indication of distribution, although exchange inflows alone cannot confirm selling. Traders may transfer tokens to exchanges for a range of reasons, including trading, market-making, custody changes and collateral requirements.

Santiment data also shows that XRP’s 365-day MVRV ratio stood at -11.75% on September 23. The reading indicates that the average holder active over the previous year was sitting on an unrealized loss. Such conditions can contribute to selling during rallies as investors look to reduce positions.

XRP Falls Below $1.48 as $1.60 Remains a Barrier

The decline developed through several moves. XRP traded close to $1.60 late on September 23 before falling from around $1.58 to $1.52. It subsequently moved sideways between $1.49 and $1.52 through the overnight session.

A brief rebound around 11:00 IST on September 24 lifted XRP back toward $1.52, but the recovery quickly lost momentum. After 13:45 IST, the token broke below $1.48 and reached approximately $1.46 around 15:00 IST.

The latest rejection represents XRP’s second unsuccessful attempt this week to hold above the $1.60 zone, following a similar test on September 22.

The recent moves make $1.60 an important resistance reference, while the $1.45 area is being watched after the latest decline. Futures positioning could add to price volatility if leveraged positions become concentrated around either side of the market.