XRP ETFs Post $59.46M June Inflows for Third Consecutive Month

XRP News

XRP spot exchange-traded funds attracted $59.46 million in net inflows during June, extending their positive streak to a third consecutive month even as the broader fund complex bled capital. The contrast was stark: US spot Bitcoin funds shed roughly $4.5 billion over the same period, while Ethereum products recorded about $528 million in net outflows. That divergence positioned the altcoin as one of the few majors drawing steady institutional demand through a weak quarter. Issuer and on-chain data confirm the flows persisted even as XRP repeatedly tested the $1 psychological support, signalling that fund allocators kept building exposure while retail sentiment stayed cautious.

Cumulatively, the seven US-listed XRP investment products now hold about 964.9 million XRP, equal to roughly 0.96% of the token's 100 billion maximum supply. Combined assets under management across the vehicles — six spot XRP ETFs plus one index product — have climbed above $1.02 billion, according to issuer disclosures. In the final week of June alone, custodians added a further 6.17 million XRP to their holdings. Because cash-create funds must acquire spot XRP to back new shares, sustained net creations gradually pull circulating supply into custody, tightening the freely tradable float even during stretches of falling prices and subdued spot turnover.

Ripple's dollar-pegged stablecoin, RLUSD, reached a milestone this week as the XRP Ledger overtook Ethereum as its largest issuance network. As of July 2, roughly $801 million to $804 million of RLUSD supply sat on the XRP Ledger, about 52% of the total and ahead of Ethereum's approximately $771 million. The shift matters because settling directly on the ledger — home to a native decentralized exchange and automated market maker — generates transaction fees denominated in XRP rather than Ethereum-based gas. Growing RLUSD activity therefore ties incremental fee demand back to XRP, though chain-level supply alone does not yet confirm rising institutional settlement volume.

On-chain valuation metrics are flashing one of the most extreme readings in XRP's history. The token's 30-day MVRV — market value to realized value, which compares the current price against the average acquisition cost of coins last moved — sits near -45%, while the 365-day version reads about -47%. Combined, that is the weakest dual-timeframe print on record, meaning both recent buyers and year-long holders are deep underwater. Analysts describe the condition as capitulation, the phase where distressed holders surrender coins to stronger hands. Such stretched losses are typically framed as a contrarian risk-reward signal rather than a timed bottom, and a deeper bear market leg remains possible.

A related gauge, the MVRV-Z score, has held below zero for nearly two weeks — a configuration that has preceded several of XRP's past major recoveries. Analysts are also tracking a fresh MVRV golden cross, with the ratio climbing back above its 200-day moving average, a technical crossover often read as an early momentum shift. Neither signal guarantees a reversal; MVRV measures how washed-out positioning has become, not the precise moment it turns. But the clustering of depressed-then-recovering readings suggests much of the pessimism may already be priced in, keeping the recovery thesis alive even as the wider market stays fragile.

Price action has begun to firm despite the gloomy positioning data. XRP has gained roughly 8% over the past seven days to trade near $1.14, ranking among the stronger large-cap performers of the week. That rebound follows a punishing first half of 2026, in which the token fell about 44% and drifted far from its all-time high. Traders read the resilient bid — arriving even as MVRV stays depressed — as evidence that selling pressure from underwater holders may be largely exhausted. The immediate battleground is the $1.15 to $1.20 resistance zone; a decisive close above it would strengthen the bullish case, while losing $1.00 would reopen downside risk.

COINOTAG's proprietary 42-indicator composite S/R scoring engine rates the $1.2151 resistance at 80/100, driven by the confluence of the point-of-control, the Fibonacci 0.382 retracement and a prior swing high, with the nearer $1.1502 barrier scored 69/100 on the R1 pivot and Ichimoku Kijun. On the downside, the $1.1235 support carries a strong 81/100, anchored by the S2 pivot and the Ichimoku cloud bottom. Derivatives lean crowded-long: the long/short account ratio sits at 3.15 (75.9% long), open interest is near $700 million and funding is barely positive at 0.0023%, while the Fear & Greed Index reads 22 (Extreme Fear). Our reading: a clean break above $1.2151 confirms momentum, but a daily close below $1.1235 would invalidate the bullish setup.