6 Weeks of Spot ETF Inflows Couldn’t Lift XRP Price — On-Chain Data Explains Why
Despite six weeks of spot XRP ETF inflows totaling over $1 billion, the token's price remains weak due to cooling demand and mixed on-chain signals.Summary
XRP price has shown weakness, dropping about 14% over the past month, despite six consecutive weeks of spot XRP ETF inflows accumulating over $1.01 billion since mid-November. However, the on-chain data reveals that the momentum from these inflows is cooling significantly, with recent weekly inflows dropping sharply to just $19.44 million in the week ending December 16, explaining the price stall.
On-chain signals present a mixed picture: the percentage of XRP supply last active over a year ago has increased, suggesting long-held supply is becoming active and potentially adding sell pressure. Conversely, the selling pressure from wallets holding XRP for over 155 days has eased, with net outflows declining by about 29%. This split behavior—some long-term holders moving coins while others sell less—has prevented a sharp breakdown but is insufficient to drive the price higher.
Currently, XRP is trading within a falling wedge. Bulls need a daily close above $2.28 to signal a potential 19% upside, while a drop below the $1.74 Fibonacci level risks a move toward $1.59. Ultimately, cooling ETF demand and conflicting on-chain metrics mean XRP remains stuck without a clear directional catalyst.
(Source：BeInCrypto)