U.S. spot XRP ETFs logged $15.34 million in net inflows on June 29, adding another institutional demand signal while XRP held close to the $1 support area. Bitwise led the session with $11.94
U.S. spot XRP ETFs logged $15.34 million in net inflows on June 29, adding another institutional demand signal while XRP held close to the $1 support area.
Bitwise led the session with $11.94 million of net inflows into its XRP product, while Canary Capital’s XRPC followed with $3.40 million. The flow was not a direct corporate treasury purchase by Bitwise or Canary. It reflected client demand through the ETF wrapper, where capital entering the funds increases XRP exposure through regulated market products.
The Bitwise XRP ETF held 292.4 million XRP in trust with a market value of about $312.4 million as of June 28. Canary’s XRPC listed net assets of $243.9 million as of June 29, with BitGo Trust Company and Gemini Trust Company listed as digital asset custodians.
The latest daily inflow followed a stronger weekly setup. XRP spot ETFs drew $22.99 million from June 22 to June 26, led by Bitwise with $16.97 million and Franklin Templeton’s XRPZ with $3.97 million. That gave XRP funds positive flow while larger Bitcoin and Ethereum ETF categories were still absorbing heavier redemptions.
XRP’s fund demand arrived as network activity picked up from weak price levels. XRP Ledger activity recorded 4,941 new wallets in one day, its strongest network-growth reading in more than three months.
The move followed an earlier 4,300-address spike in May, when new participation improved but did not immediately produce a clean breakout. The newer increase is larger and arrives with XRP much closer to the psychological $1 level, making the signal more important for short-term traders.
Daily active addresses also rose sharply. XRP active addresses climbed from about 23,000 on June 14 to nearly 39,500 by June 27, a 72% increase over two weeks. That pushed XRP Ledger participation back into focus after a quieter stretch for onchain usage.
Social sentiment has also become more bullish near the lows. Santiment’s tracked ratio reached 3.7 bullish comments for every bearish comment, a three-month high. That kind of optimism can support dip-buying, but it can also mark short-term FOMO if price fails to move away from support.
XRP remains in a fragile zone despite stronger ETF and network signals. The token recently tested realized-price support near $1.06, where a large volume block has made the area important for buyers trying to prevent a deeper breakdown.
The stronger case now depends on whether ETF inflows, new wallets and active-address growth translate into sustained spot demand. XRP has held above $1, but the chart remains capped below the $1.09 to $1.10 resistance area that has limited recovery attempts.
Leverage has also cooled after the selloff. Open interest across major exchanges fell sharply from earlier highs, removing some of the crowded positioning that had pressured the market during the decline. A cleaner derivatives setup can help a recovery, but it does not replace the need for stronger spot volume.
XRP traded near $1.038 at the latest market check, with the intraday range running from about $1.038 to $1.074.
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