XRP ETF inflows collapse 93% as price capitulates, will this cause a reset or repair phase?

XRP is at a critical juncture, evidenced by a sharp spike in realized losses—the largest since November 2022—signaling classic capitulation as weaker holders exit. However, this alone does not guarantee a bottom. The realized price, around $1.45, acts as a key dividing line; reclaiming it suggests a market reset, confirmed by SOPR moving above 1. Failure to hold this level implies a longer repair cycle where underwater holders sell rallies. Furthermore, high leverage (over $2.33 billion in open interest) poses a risk, capable of magnifying moves in either direction depending on whether short squeezes or liquidation cascades occur. Recent large inflows to Binance also signal potential near-term sell pressure. While XRP ETFs remain net positive, monthly inflows have collapsed by 93% (from $667M to $49M), meaning ETF demand is supportive but no longer a standalone bullish driver. The next phase depends on whether XRP stabilizes near cost basis for a reset, grinds underwater, or if modest ETF inflows gain importance after supply overhead is cleared.

(Source：CryptoSlate)