The demand for spot XRP ETFs in the United States has seemingly vanished, with the funds lacking any net inflows for over a week. Despite this, the underlying asset managed to rise slightly over the past week, reaching $1.45 before stagnating.

XRP ETFs Witness Declining Investor Interest

The exchange-traded funds linked to the cross-border token had an impressive start, drawing more than $1 billion in net flows in their first month. However, investor interest has diminished significantly since, reflected by substantial withdrawals of $40.8 million and $53.32 million on January 7 and 20, respectively. In January alone, investors withdrew $92.92 million, leaving the month with a meager gain of $15.59 million, well below the previous months’ figures of $666.61 million in November and $500 million in December.

February showed a minor recovery, with $58.09 million in net inflows, yet signs of declining interest persisted, including days of zero inflows.

Ripple (XRP) ETF Flows. Source: SoSoValue

XRP Price Movement

XRP’s price surged from an initial low of $1.34 to just above $1.45 recently, although it struggled to maintain momentum and currently hovers below $1.40.

Recent price movements have been relatively confined, with analysts predicting a potential significant shift. Notably, Ali Martinez highlighted XRP’s Bollinger Bands indicating an upcoming breakout, suggesting a significant price action could be on the horizon.

" $XRP is consolidating in a triangle, hinting at a 30% price move." — Ali Charts Twitter link

Conclusion

Investors and analysts alike are keenly observing the XRP market, particularly in light of the recent ETF performance and the price action that suggests a potential volatility spike on the horizon.