XRP's Price Plateau Raises Questions About Market Structure
XRP has attracted significant interest from US spot ETFs in Q3, with inflows totaling $307.9 million and cumulative inflows nearing $1.8 billion.
The token gained over 45% during this period but failed to reclaim its late-August peak near $1.70, despite repeated periods of positive ETF flows.
According to SoSoValue data, XRP ETFs absorbed $121.4 million in September alone.
Bloomberg Intelligence analyst James Seyffart previously described XRP ETF flows as 'surprisingly resilient', but the token's price response has been relatively weak.
New fund buyers can accumulate while another cohort sells into the same rallies, with no clean dataset proving which class of XRP holders is responsible for this supply.
Altcoin exchange deposits have shown signs consistent with profit-taking after a powerful third quarter, with seven-day inflow transactions to exchanges reaching their highest level since October 2025, according to Nexo Dispatch analyst Iliya Kalchev.