Six Months Straight: XRP ETFs Keep Flowing In

XRP has been experiencing a surge in popularity among ETF investors, with six consecutive months of net inflows. According to SoSoValue, August saw the largest influx of $159.18 million, while September added another $117.44 million, bringing total net assets to $1.77 billion.

However, there are warning signs that traders may be ready to cash in on their gains. The 90-day taker CVD on CryptoQuant showed sell-dominance earlier in the month, and has been bleeding red ever since. Funding rates have also fallen into negative territory on several occasions, with dips as low as -0.018 in mid-September.

Despite this, XRP's active addresses have risen to 29.9K, the highest level in half a year, according to CryptoQuant. However, Binance reserves have also been increasing, reaching 2.695 billion XRP, which could indicate more supply on the sell side.