XRP Rejects Near $1.25 as ETP Inflows Hit $1.44B, AVAX Jumps 8% on FIFA Push

XRP News

US-listed spot XRP ETFs recorded $5.30 million in net inflows on June 17, a sign that investors are still favoring regulated fund wrappers over buying directly on exchanges. The net figure captures the gap between fresh capital entering the funds and money leaving them, and it suggests institutional appetite on the altcoin side has not dried up entirely. A single day of positive flows is not a trend on its own, but a string of consecutive inflows would confirm that fund-driven demand is firming. From here, market participants will track not just the daily tape but trading volume and total assets under management (AUM) as well.

After weeks of soft price action, XRP staged a notable rebound, climbing 13% in 24 hours to reclaim $1.28 for the first time in two weeks. On-chain data shows the move was not driven by retail alone: wallets holding at least 1 million XRP now control 74.1% of total supply, having added another 1.53 billion XRP to their balances over the past six months. Sentiment had slid into the extreme-fear zone, a backdrop that has often preceded short-term relief rallies in the past. Large holders, it appears, are treating price weakness as an accumulation window rather than a bear market exit signal.

On the corporate front, Ripple made a strategic move by joining the Series E funding round for Flutterwave, the Africa-focused payments giant, lifting the fintech’s valuation to $3.2 billion; the size of Ripple’s investment was not disclosed. As part of the deal, Ripple’s US dollar-pegged stablecoin RLUSD will be integrated into Flutterwave’s payment rails, while the firm will also connect to Ripple Payments and tap the XRP Ledger blockchain for settlement. Across the partnership, which spans more than 34 African countries, the freely traded XRP was passed over as the payment asset in favor of a stablecoin for price stability, with the XRP Ledger serving as the technical backbone for faster settlement.

The derivatives market flashed a notable signal as well. On-chain data shows the estimated leverage ratio for XRP on Binance climbed to roughly 0.1899, its highest reading since the start of 2026. The metric, which had broadly hovered between 0.15 and 0.18 in recent months, broke above that band on the latest move. Over the same stretch, the 30-day moving open interest rose to 484.8 million XRP, a four-month peak. The picture points to growing trader conviction that the short-term uptrend has further to run. Elevated leverage, however, leaves the market exposed to sharp swings and could trigger a wave of liquidations on both long and short positions during violent price moves.

A symbolic but meaningful technical step was taken in the XRP Ledger ecosystem. The core software used to launch the network will now be known as the “xrpl daemon” rather than the “ripple daemon.” The XRPL Foundation said the change is meant to sharpen the distinction between the public, independent network and Ripple the company. Pulling the corporate name out of the codebase is seen as potentially strengthening the case before regulators and courts that the network is an independent piece of public infrastructure. The update also delivered concrete performance gains: the software’s memory usage fell by 30% to 40%. This streamlining of the codebase is expected to make independent developers more willing to contribute to the project.

Demand out of Asia was a decisive factor in the price action. After clearing $1.20 resistance, XRP pushed as high as $1.25 intraday, but buyers lost momentum at that level and profit-taking prevented a durable breakout. On Upbit, one of South Korea’s leading exchanges, XRP’s share of wallet flows jumped from 13% to 31% in a single week, the highest reading since May 2024. Over the same period, XRP-focused investment products logged roughly $10.68 million in net inflows. Analysts stress that holding $1.20 as new support is critical for the uptrend to continue; failing that, the risk of a near-term correction rises.

According to COINOTAG’s 42-indicator composite support/resistance scoring engine (as of 04:10 UTC), with XRP trading at $1.2178, the strongest resistance stands out at $1.2746 with an 80/100 score, fed by the confluence of the ATR Upper Band, Fibonacci 0.382 and Ichimoku Senkou B. Just above current price, $1.2286 (60/100, R1 and a Doji) marks the first threshold. To the downside, the $1.2032 support holds firm at 70/100, reinforced by the Previous Day Low and the Ichimoku Cloud Base. In the derivatives data, the funding rate is neutral at -0.0001, open interest sits at $715 million and the long/short ratio of 3.32 (76.9% long) points to an overcrowded long side. With the Fear and Greed Index at 22 in extreme-fear territory, a loss of $1.2032 stands out as the risk that would invalidate the bullish thesis.