XRP ETF Inflows Hit $1.6B Amid Institutional Buying Spree

XRP is experiencing turbulence along with the rest of the market, but the price action is masking one of the more telling institutional news stories of the quarter. The recent surge in ETF inflows has pulled in over $1.6 billion in cumulative net inflows, with the funds stretching their streak to nine straight days of positive flows through September 1.

According to analyst James Seyffart, who flagged these developments on Coinglass, the resilience of XRP ETF flows is 'particularly impressive' given the token's relatively muted price action. The second-quarter 13F filings show that investment advisers, not hedge funds or brokerages, are driving the bulk of this demand.

Goldman Sachs holds the largest single position at $87.4 million, indicating buy-and-hold portfolio allocation rather than short-term trading flow. This steady institutional bid may help cushion XRP's price, but it remains to be seen whether it can push through overhead resistance or simply support a token stuck in a range.

XRP is currently sitting at $1.34, right in the middle of the $1.35-$1.38 support band flagged by analysts as the key near-term floor. Volume has been steady rather than spiking, consistent with the grind-it-out price action of the past week despite the ETF inflow strength.