XRP ETF Buyers Keep Buying Despite Losses
Glassnode sees little XRP leaving exchanges, while Canary and Franklin Templeton spot ETFs keep buying. The inflows are already under pressure from the recent price drop.
Key Takeaways
- XRP is trading around $1.40, about 8% lower than a week ago and 11% below the September 23 peak.
- Glassnode data show that XRP outflows from exchanges stayed almost flat during the drop.
- Spot XRP ETFs pulled in a total of $1.80 billion, despite paper losses for many buyers.
XRP is trading around $1.40 (€1.25), putting it about 8% below where it was a week ago and 11% under the September 23 peak. Even so, holders are not selling in large numbers, while spot XRP ETFs keep buying despite paper losses.
Exchanges See Little Outflow
Glassnode data on Exchange Net Position Change show how much XRP left or was deposited on exchanges over the past 30 days. A negative reading means more coins are leaving than coming in. Around September 25, when XRP was worth about $1.57 (€1.40), that metric stood at roughly -1.53 billion XRP. On October 8, with XRP around $1.38 (€1.23), it was about -1.58 billion XRP.
That suggests outflows stayed basically steady during the drop. If holders had wanted to sell in large numbers, exchange deposits would have risen instead. That did not happen, and it fits a market where many investors are staying put for now.
ETF Buyers Keep Adding
Since launch, a total of $1.80 billion (€1.6 billion) in cash has gone into spot XRP ETFs, according to SoSoValue. The funds used that to buy XRP, but the coin is now trading below the average entry price for a large share of those buyers. On October 8, the value of the XRP held was about $1.56 billion (€1.4 billion), roughly 13% less than the amount invested.
The gap is even bigger for Canary's XRPC. There, $335.7 million (€300 million) worth of XRP is backed by $486.8 million (€434 million) in inflows, a gap of about 31%. Notably, the funds have had only one outflow day since September 18, on October 2, worth $3.28 million (€2.9 million). Also on October 8, when XRP briefly dropped to $1.32 (€1.18) during the broader crypto sell-off, Franklin's XRPZ still pulled in $8.17 million (€7.3 million).
What This Means for Investors
For European crypto readers, this is especially relevant because it shows how ETF demand and on-chain behavior can sometimes move separately from the spot price. XRP is still far below its all-time high of $3.65 (€3.26) from July 2025, but both the steady exchange outflows and the positive ETF inflows suggest that part of the market is not giving up for now. That makes the $1.37 (€1.22) zone especially important, since traders were already watching there to see whether the recent drop would keep going or stabilize. The same pattern is also visible in the broader market: XRP Falls Despite Third Day of ETF Inflows already showed that ETF demand does not always show up in the price right away.
