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XRP ETF Inflows Reach $1.80 Billion as On-Chain Active Users Drop Below 100K

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XRPUSD$1.37 2.52%

Exchange-traded funds tracking XRP (BITSTAMP:XRPUSD) have accumulated $1.80 billion in total net inflows, bringing net assets to $1.55 billion. However, participation on the underlying blockchain has slowed significantly, with active users dropping from a peak of 500,000 in August to under 100,000.

The divergence highlights a growing divide between fund investment interest and actual usage on the blockchain network. While capital remains invested in the financial products, declining user activity suggests fewer individuals are actively interacting with the token on-chain.

XRP recently traded around $1.366 after retreating from its August high of $1.70. Market participants are closely monitoring the $1.30 price level, which has served as key support. Holding above $1.30 could allow the token to retest resistance at $1.50 and $1.70, while a break lower could bring $1.00 back into focus.

Key points

  • XRP ETF cumulative net inflows have reached $1.80 billion, with total net assets standing at $1.55 billion.
  • Active blockchain users on the XRP network decreased from an August peak of 500,000 to fewer than 100,000.
  • XRP traded around $1.366 after previously rallying from $1.00 to a peak of $1.70 in August.
  • The $1.30 price level serves as crucial support, with potential recovery targets at $1.50 and $1.70 and downside risk toward $1.00.

Written by our AI from expert market sources across the web. It can contain mistakes: check the facts before acting on them. Write-ups powered by the free AI API at FreeTheAI.org

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Questions and answers

How much capital has entered XRP ETFs?

XRP ETFs have recorded $1.80 billion in cumulative net inflows, with total net assets reaching $1.55 billion.

How many active users are on the XRP blockchain?

Active daily users on the XRP network have fallen below 100,000, down from an August peak of 500,000.

What are the key price support and resistance levels for XRP?

XRP is testing key support around $1.30. If that level holds, upside targets include $1.50 and $1.70, while a breakdown puts $1.00 into focus as the next support level.