XRP Price: New ETFs Pull In $975M While Chart Patterns Flash Warning Signs

TLDR

• XRP spot ETFs have recorded 30 consecutive days of inflows since launching on November 13, reaching nearly $975 million in total net assets of $1.18 billion
• Technical analysis shows XRP trading below its EMA ribbon indicator, which historically preceded 27-66% price declines in past cycles
• XRP price dropped 1.35% in the recent session and is testing the $2.00 psychological support level
• ETF inflows are removing XRP from exchange circulation, tightening available supply while institutional demand grows
• The steady ETF inflows contrast with bitcoin and ether ETFs, which experienced multiple outflow days during the same period

XRP price continues to face pressure as it trades near the $2.00 support level. The digital asset has declined 1.35% in its most recent trading session.

This decline comes as the token tests a critical psychological threshold. The $2.00 mark represents both technical and mental support for traders.

XRP spot ETFs have attracted nearly $975 million in net inflows since their November 13 launch. Total net assets across these products have reached approximately $1.18 billion.

The ETFs have recorded 30 consecutive trading days of inflows without a single session of net redemptions. This streak sets XRP apart from bitcoin and ether ETFs, which experienced multiple outflow days during the same timeframe.

Data from SoSoValue confirms fresh capital entered XRP ETFs every trading day since their debut. This pattern suggests investors are using these products for long-term allocation rather than short-term trading.

The consistent inflows indicate demand driven by asset-specific factors rather than broader market sentiment. Bitcoin ETFs often reflect general liquidity conditions, while XRP funds appear to attract investors seeking different types of crypto exposure.

Technical Indicators Point To Downside Risk

Chart analysis by Steph is Crypto highlights a concerning pattern in XRP’s price structure. The three-day EMA ribbon has flipped bearish with price trading below it.

Historical data shows this configuration preceded extended downtrends in past cycles. Previous occurrences in 2014, 2017, 2019 and 2022 resulted in drawdowns ranging from 27% to 66%.

Each past cycle followed the same sequence of breakdown, consolidation and delayed recovery. The pattern showed no exceptions across multiple market environments.

Longer periods with bearish EMA ribbon positioning corresponded with larger price declines. XRP currently maintains this bearish technical setup.

ETF Demand Reduces Exchange Supply

The ETF inflows are continuously removing XRP from available exchange circulation. This process creates a tightening supply dynamic over time.

Lower supply bases typically amplify price reactions when demand increases. The regulatory clarity around XRP has made institutional entry easier.

Spot XRP ETFs provide traditional investors a regulated pathway to gain exposure. This development has shifted how the asset is viewed within conventional finance circles.

The pace of XRP ETF adoption has exceeded early rates seen in several major crypto ETF launches. Ripple’s role in cross-border payment systems provides fundamental support beyond speculative interest.

Hourly charts show buyers struggling to regain momentum in recent sessions. If weakness persists, the $1.98 level becomes the next downside target.

A loss of the $2.00 support could accelerate selling pressure into month-end. The daily chart structure places high importance on holding this threshold.

As of December 12, XRP spot ETFs held approximately $1.18 billion in total net assets with inflows continuing each trading day.

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