U.S. spot XRP ETFs drew $11.31 million in net inflows between October 5 and October 9, while XRP fell from about $1.52 to $1.40. Bitwise supplied $10.55 million of the total. The $1.32-$1.38 zone is now the immediate support test.
U.S. spot XRP ETFs drew $11.31 million in net inflows between October 5 and October 9, even as XRP fell from about $1.52 to $1.40 and briefly touched a $1.32 low. The gap raises a question: can concentrated fund demand defend the $1.32-$1.38 support zone, or must XRP reclaim $1.50-$1.56 before its short-term trend improves?
Bitwise supplies most of the inflows
Bitwise supplied $10.55 million of the weekly total, nearly carrying the market-wide result by itself. Franklin Templeton's XRPZ added $4.10 million, while Canary Capital's XRPC recorded a $3.34 million outflow.
Excluding Bitwise, the other funds combined added only about $760,000 net. That is the material qualification to the 12-week streak: inflows have persisted, but last week's figures do not show evenly distributed demand across issuers.
ETF net assets are at about $1.57 billion, against roughly $1.8 billion in cumulative inflows since launch. Meanwhile, U.S. bitcoin funds shed $681 million over the same week, and XRP was the only one of the cited bitcoin, ether, solana, and XRP fund groups to finish with net inflows.
XRP tests the $1.32-$1.38 support zone
XRP opened the week near $1.52, ended Friday around $1.40, and touched $1.32 on October 8. The close-to-close decline is 7.3%.
The $1.32-$1.38 area is the immediate test of XRP's support level. Holding it while ETF flows stay positive would be consistent with dip buying, but one bounce would not confirm a durable floor.
On the upside, resistance sits at $1.50-$1.56. Until a sustained reclaim of that band, ETF inflows are a supportive flow signal, not confirmation of a price reversal.
Evernorth adds another XRP vehicle
Evernorth's XRPN began trading on Nasdaq on Monday, October 12, adding another listed route to XRP exposure. The vehicle holds about 473 million XRP, according to the primary report, but its immediate effect on spot demand or price is not established.
Source: Cryptonews
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