Spot XRP ETFs posted a new all-time high in cumulative net inflows after demand returned in April. Data from SoSoValue shows total net inflows reaching $1.29 billion by the end of the latest business week. The funds added $15.74 million during the week ending April 24. April inflows totaled $81.63 million, making it the strongest month for XRP ETFs since December.
The products had a strong start after launching in mid-November, quickly crossing the $1 billion mark and avoiding net outflow days for nearly two months. That trend reversed in March, when market uncertainty pushed investors away from risk assets. March became the first negative month for XRP ETFs, with over $31 million exiting.
ETF inflows surge, but XRP price doesn't follow
The return of inflows followed easing geopolitical tensions linked to the US-Iran ceasefire. The week ending April 17 recorded the highest weekly net inflow in three months. Yet XRP failed to match the renewed demand. The token faced rejection near $1.46 after earlier failing to hold a move toward $1.60. At the time of the report, XRP traded near $1.43, showing little change from the previous week.
Market analyst Crypto Tony described XRP's recent price action as “boring few months.” The token has traded between $1.20 and $1.60 for over 60 days.
Large exchange outflows raise rally hopes
XRP also saw massive exchange outflows in the latest market data. Nearly 35 million XRP reportedly left exchanges within 24 hours, marking the sixth-largest outflow this year. Some analysts view large exchange withdrawals as a possible sign of lower sell pressure. Similar spikes in February and March preceded 20% to 50% XRP rallies, according to the report.
However, XRP still needs a clear breakout above its recent range to confirm stronger momentum. Analyst Ali Martinez has offered a more bullish long-term view, but said XRP could first drop toward $0.90 before any larger move.
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