XRP Price Rises Amid Weakening Futures Demand and Rising ETF Inflows

XRP price is rising today, September 25, despite increasing selling pressure across multiple exchanges. The gains coincide with rising inflows to XRP ETFs.

Data from CryptoQuant shows that the XRP Taker Buy/Sell reading has dropped below 1, suggesting a rise in selling pressure around XRP. On Binance, this reading is at 0.94, indicating more sell-side orders than buy-side orders.

XRP ETF inflows persist despite weakening futures demand. The inflows have reached $52.95 million over three straight days and are on track to be the best week since August 28. This growth in adoption from institutions continues with Envestnet Asset Management, which manages $6.5 trillion in assets under management, revealing that it holds XRP.