Spot XRP exchange-traded funds (ETFs) have recorded zero asset additions in the last three market days, marking the weakest monthly performance since April as investor appetite for the cryptocurrency dims. The token is currently trading at $1.1022, confined within a tight range defined by $1.0077 support and $1.2898 resistance, reflecting broader stagnation in crypto markets amid a shift in capital toward equities.

According to data from SoSoValue, spot XRP ETFs attracted only $12.3 million in inflows this month. This represents a sharp deceleration from previous months, where funds added $59 million in June and $131 million in May. Despite the recent slowdown, the funds have received cumulative inflows of $1.4 billion since inception and currently hold $997 million in assets under management.

The decline in XRP-specific inflows mirrors a broader trend across digital asset investment products. ETFs tracking Bitcoin (BTC) and Ethereum (ETH) have also struggled this year, losing over $6.5 billion and $1 billion, respectively. Investors appear to be reallocating capital away from cryptocurrencies toward traditional stock market indices, particularly those tracking the S&P 500 Index, as well as newly launched sector-specific funds like the Roundhill Memory ETF.

Fundamental developments for XRP remain mixed. While Ripple Labs has launched Ripple Mint to help institutions manage Ripple USD (RLUSD) tokens and invested in Notabene to expand utility, RLUSD growth has stalled. The stablecoin’s market capitalization stands at over $1.58 billion, down from an all-time high of $1.8 billion. However, technical improvements continue on the XRP Ledger (XRPL), with t54 announcing that its XRPL x402 Facilitator now supports Mastercard’s Verifiable Intent standard for AI agent payments.

What the Numbers Show

The divergence between historical inflow momentum and current stagnation highlights a significant shift in institutional sentiment. The drop from $131 million in May to just $12.3 million this month suggests that initial novelty-driven demand for spot XRP ETFs has largely been absorbed. With cumulative assets holding steady at $997 million despite zero recent inflows, the funds are currently reliant on existing capital rather than new entry points. This lack of fresh liquidity, combined with outflows in broader crypto ETFs, indicates that XRP is facing headwinds not just from internal token dynamics but from a macro-level rotation into traditional equity markets.

Technical Outlook

Technically, XRP remains trapped in a consolidation pattern that has persisted for nearly two months. The token has dropped below its 50-day Exponential Moving Average (EMA), and the Relative Strength Index (RSI) has fallen below the neutral level of 50, suggesting weakening bullish momentum. Analysts note that if the price fails to hold above the key support level of $1.007, further downside could emerge, potentially targeting the psychological support zone at $0.50.

XRP whale selling on Binance hit its lowest level since January 2025, dropping to 25.3 million XRP worth around $23 million, as the token holds above its recent symmetrical triangle breakout. The decline from a peak of 583 million XRP worth roughly $1.36 billion indicates the heaviest sellers are stepping back, with the 90-day average sliding from $460 million in January 2025 to $69 million. This reduction in selling pressure coincides with XRP trading above its 20-day EMA at $1.1059 and 50-day EMA at $1.1456 for the first time since a May breakdown, marking a structural shift supported by a Parabolic SAR flip to bullish at $1.0609.

ETF Flows and Institutional Participation

XRP ETFs recorded back-to-back inflows across two issuers, signaling broadening institutional participation. Bitwise’s XRP ETF led with $2.49 million on July 20, followed by Franklin’s XRPZ with $5.66 million on July 21. Total XRP ETF net assets pushed through $1.06 billion across the two sessions, according to SoSoValue data. Cumulative inflows now sit at $501 million, with total assets crossing $1.017 billion and all-time net inflows standing at $1.489 billion.

Fibonacci Targets and Key Levels

Price is currently consolidating between the 0.382 Fibonacci level at $1.1153 and the 0.5 level at $1.1465. Holding above the 50-day EMA at $1.1451 keeps the bullish structure intact, while losing the 20-day EMA at $1.1086 or the breakout zone floor at $1.10 would invalidate the move.

Sequential targets on continuation include $1.1822 (0.618 Fibonacci), $1.2299 (0.786 Fibonacci), and $1.2906 (1.0 Fibonacci). XRP funding rates fell sharply by 240% on July 21, indicating leverage normalization rather than crowded momentum.