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 On the outflow side, Ethereum lost $22.59 million, Hyperliquid saw $5.11 million exit, and BNB had $4.95 million withdrawn, while Solana, Zcash and Worldcoin saw smaller redemptions.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 Some of the withdrawn capital moved back into stablecoins instead of leaving the market, with USDT absorbing $52.01 million and USDC taking another $9.08 million; both are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.

Ripple Prime, the brokerage arm Ripple established through its $1.25 billion acquisition of Hidden Road, completed a $275 million private placement of senior unsecured notes with institutional investors, the company announced. Proceeds will back the U.S. expansion of its prime brokerage operations, including financing, clearing, and related services spanning digital and traditional assets. Ripple did not disclose the notes' interest rate, maturity date, or participating investors. The placement follows a $200 million credit facility secured from Neuberger Berman funds in May, bringing the brokerage's combined new capacity to $475 million as it scales institutional coverage across crypto, foreign exchange, derivatives, swaps, and fixed-income markets.

Meanwhile, prediction-market traders on Kalshi are pricing a further leg higher for XRP, with contracts betting on a move to $1.70 before August ends after the token surged over 58% in a week and reclaimed a three-month high near $1.69 on Aug. 22 before cooling to the the $11.50 area. Separately, Rpple's stablecoin product lead Lauren Berta said the permission-delegation amendment currently under validator vote could be pivotal for RLUSD and other regulated tokens on the XRPL, allowing issuers to split mint, freeze, clawback, and trust-line authorization across separate teams while keeping the master account secure—a structure she said mirrors how stablecoin issuers operate on other chains. The RLUSD team is already testing the functionality on devnet, and the stablecoin's circulating supply has topped $2 billion.

The XRP rally is drawing renewed participation from South Korean retail traders, with Upbit recording 1.15 trillion won (roughly $830 million) in trading volume within a single hour on Saturday. XRP dominated the exchange's 24-hour activity, accounting for 32.20% of volume, ahead of TRUMP at 10.93%, USDT at 8.39%, Ethereum at 5.44% and Bitcoin at 5.40%. Upbit's total 24-hour volume reached approximately $3.81 billion, while Bithumb logged $1.954 billion and Coinone $172 million. The spike extends a rebound from the prior day, when Upbit's daily volume jumped 273% to about $1.84 billion, its highest since mid-March, with XRP contributing $418.9 million; Bithumb climbed 132.9% to roughly $934.9 million. XRP traded near $1.44 at press time, up nearly 50% on the week despite a 37% intraday flash crash to $1.36 that liquidated hundreds of millions in leveraged positions.

Updated ETF data shows US spot XRP products took in $18.38 million on Aug. 21, an upward revision from the earlier $13.24 million reading, marking a fourth consecutive day of inflows. Bitwise led with $16.89 million, Franklin Templeton's XRPZ added $1.49 million, while Canary, 21Shares and Grayscale funds recorded zero net flows that day. The weekly total reached $39.78 million, the best performance since May, lifting cumulative inflows to $1.55 billion. Total net assets stand at $1.33 billion, roughly 1.54% of XRP's market cap, with daily ETF turnover of $94.03 million. Separately, a whale opened a 20x leveraged $3.08 million long position near $1.5465, and analyst EGRAG CRYPTO noted XRP reached its $1.35–$1.50 target zone, prompting closure of a short-term swing trade while long-term holdings were retained.

(as of 10:46 UTC) Together, the composite S/R map and derivatives positioning indicate a modest pullback after a strong run, yet the underlying uptrend remains intact. COINOTAG's 42-indicator engine places spot at $1.4813, down 0.85% in 24h, with immediate resistance at $1.5133 (59/100, Fibo 0.236, Pivot Point, RSI OB) capping upside, while the strongest support sits at $1.4544 (85/100, HVN, MACD Cross, ATR Lower, Fibo 0.382), with a secondary floor at $1.3922 (77/100, Ichimoku Tenkan, Fibo 0.500, Ichimoku Kijun, LVN). The RSI at 86.18 still signals overbought conditions, though the decline has trimmed some froth; MACD remains bullish and the trend is up. Derivatives add the market side: funding at 0.0058%, open interest at $1.12B, and a long/short ratio of 2.64 (72.5% long) confirm persistent speculative interest. With the Fear & Greed Index at 66 (Greed) and BTC share of COINOTAG-tracked market at 68.6%, this is a focused correction within a broader uptrend, not a broad bear-market signal; the next leg depends on whether buyers can hold $1.4544 to stage a push toward $1.5133 or $1.6485, or risk a deeper slide.