XRP Draws $42.32M Inflows to Lead Crypto Fund Flows

XRP, the native asset of the XRP Ledger, drew $42.32 million in net inflows during the five-hour window tracked at 14:30 KST on Aug. 22, the largest intake of any crypto asset in the session. The same snapshot shows Bitcoin at the top of the outflow table, with $47.19 million exiting. Despite that, BTC still recorded $16.66 million of inbound flows during the period, reflecting two-way activity around the largest cryptocurrency. Solana took the second-largest inflow at $38.37 million, followed by TRUMP at $13.62 million, Dogecoin at $11.19 million, Ethereum at $9.11 million, Zcash at $6.43 million and TRON at $6.05 million. On the outflow side, Ethereum lost $22.59 million, Hyperliquid saw $5.11 million exit, and BNB had $4.95 million withdrawn, while Solana, Zcash and Worldcoin saw smaller redemptions. Fiat and stablecoin flows supported the rotation: $50.77 million came in from USD and $11.84 million from KRW, while USDT accounted for $75.26 million of the buying side and USDC added $16.66 million. A separate flow into USD1 added $1.72 million, and FDUSD contributed another $2.79 million. Some of the withdrawn capital moved back into stablecoins instead of leaving the market, with USDT absorbing $52.01 million and USDC taking another $9.08 million; both are fiat-backed rather than algorithmic stablecoins. XRP, a top altcoin by market capitalization, thus became the preferred destination in a session marked by risk-on positioning. The five-hour interval is shorter than the 24-hour windows used by many trackers, so the ranking can change quickly; fiat cash-outs of $13.15 million, $7.85 million and $5.64 million were also logged in USD, KRW and EUR respectively.

Ripple, a principal contributor to the XRP Ledger, has publicly backed PermissionDelegationV1_1, a proposed amendment that would allow an account holder to grant another account permission to execute specific transaction types while keeping final signing control. The delegated authority does not extend to other payments or to the full account settings, so the owner's ultimate control is preserved. The proposal follows the XLS-75 standard and replaces an earlier permission-delegation feature disabled in XRPL version 2.6.1 after a serious bug was found. It is a network-parameter change, not an airdrop or new token distribution, so the vote has no direct effect on XRP supply. Jazzi Cooper, RippleX product lead, said regulated institutions need proper control mechanisms when moving tokenized value onto a public ledger; the design resembles role-based access used by financial firms. The on-chain vote record is still early: 7 of 35 validators on the Unique Node List have voted yes, while 29 votes are required for approval. Activation also requires support above 80% sustained for two weeks, and the timer restarts if support dips below that level. Ripple has also endorsed the Single Asset Vault and Lending Protocol amendments, but current support of roughly 40% and 37% leaves both well short of a supermajority. Network operators must run approved software, since old nodes can be blocked when they encounter unknown protocol rules. Market data around the proposal showed US spot XRP ETFs taking in $13.24 million net on Thursday, with Bitwise contributing $9.9 million and Franklin Templeton $3.34 million. Derivatives open interest rose more than 17% in 24 hours to $3.44 billion, with CME open interest up over 35%, Binance up 15% and Hyperliquid up 29%. The same session saw XRP climb more than 17% from a $1.22 low to $1.43 before settling into the range captured by live spot data. Ripple's endorsement moves the proposal forward but does not guarantee activation, since validators can change their votes before the change is enabled.

Together, the flow snapshot and the governance vote point to a market that is rotating toward XRP specifically rather than chasing broad crypto strength. The on-chain vote record is the primary source on the amendment: PermissionDelegationV1_1 has seven yes votes from 35 UNL validators, well below the 29-vote threshold and the two-week, 80% activation requirement. Ripple's endorsement is therefore a signal, not a decision. Fund-flow data adds the market side: XRP absorbed $42.32 million in the latest window while Bitcoin recorded the deepest outflow, a divergence that aligns with ETF inflows and rising open interest. COINOTAG spot data showed XRP up 16.4% over the past 24 hours, a move that leaves the proposal's fate in the hands of validators rather than momentum traders. This is a focused infrastructure trade, not a broad bear-market rally.