XRP held near $1.37 at midday Hong Kong time on Thursday, according to market data from CoinDesk, with new ETF and on-chain data suggesting some investors may be rotating into XRP. Meanwhile, the market leader bitcoin was around $77,400 and ether (eTH) was still under pressure.
Data from CoinGlass shows that XRP-linked funds raised $8.88 million in the latest session, extending a streak of positive flows that includes $18.52 million on May 14 and $10.87 million on May 15. Over the past week, XRP products have attracted approximately $42 million in net inflows.
This has caught the attention of analysts because money has been leaving major publicly traded crypto products. Bitcoin ETFs lost another $100.9 million in the latest daily session, following redemptions of $648.6 million, $331.1 million and $290.4 million earlier in the same stretch. Ether products also remained under pressure, losing $32.6 million in the latest session.
The data suggests a selective appetite for exposure to alternative cryptocurrencies, although the broader XRP network growth trend remains weaker than late 2025 levels.
Chain activity offers a second, although less definitive, signal.
XRP recorded the fourth-largest daily increase in wallet creations this year, with 4,300 new wallets added in 24 hours, according to Blockchain analytics firm Santiment.
The creation of new portfolios can sometimes indicate new participation in the network, especially when combined with capital inflows.
But Santiment’s broader chart suggests caution.
XRP network growth has been on an overall downward trend since late 2025, making the latest move look more like a sharp one-day spike than clear evidence of sustained adoption.
For traders, the question is whether XRP is seeing the early stages of a broader trading rotation, or simply a burst of short-lived speculative positioning as the broader crypto market remains under pressure.
