XRP ETF Inflows Soar to New High as Price Falters

XRP ETF inflows surged to a weekly high of $110 million in recent data, but the price of XRP has struggled to keep pace. According to SosoValue, daily capital inflows into XRP ETFs began increasing mid-August and reached $28 million on August 26, marking a turnaround from sluggish participation earlier in the month.

The influx of fresh capital is seen as a positive indicator for institutional interest in the asset, but the price has declined by around 1% in the last 24 hours to $1.37 after peaking at $1.60 last week.

Despite the divergence between fund inflows and short-term price performance, optimism remains high among some traders that the recent surge in ETF participation could lay the groundwork for a new rally in XRP.