XRP Sees Significant Inflows into Spot ETFs as Price Remains Below Six-Month High

Ripple's XRP token saw significant inflows into spot exchange-traded funds (ETFs) on October 1, totaling $4.07 million. This influx lifted weekly ETF inflows to $8.03 million, indicating net buying of Ripple spot exposure during the week.

The current price of XRPUSD is around $1.4671, which is about 5% below its six-month high of $1.572. Funding rates have decreased, falling from 0.010 to 0.005, while estimated leverage remains above the six-month average.

Binance has seen an increase in XRP reserves, rising by 2.4% to 2.68 billion units. Transaction volumes for XRP have also surged by 23%, reaching approximately 1.96 million transactions.