Spot XRP exchange-traded funds have quietly garnered $1.35 billion in cumulative net inflows, boosted by Ripple’s recent experiments with tokenized Treasury settlements involving JPMorgan. On Monday, these five US-listed products recorded $25.8 million in net inflows, the highest single-day figure since early January 2026, according to CoinDesk. Franklin Templeton’s XRPZ led with $13.6 million, followed by Bitwise XRP ETF at $7.6 million and Grayscale’s GXRP at $4.6 million.
Market analysts attribute this inflow spike to a series of Ripple developments rather than broader macroeconomic factors. Ripple secured $200 million in debt financing to expand its institutional brokerage platform Ripple Prime, signaling a shift toward professional custody and settlement services. More notably, Ripple completed a live test of tokenized US Treasury bond settlements on the XRP Ledger in partnership with JPMorgan, Mastercard, and Ondo Finance, with the full redemption cycle taking under five seconds. This demonstration underscores the XRP Ledger’s capability for institutional-speed on-chain settlement alongside major traditional finance players. Additionally, Ripple unveiled a four-phase roadmap to make the XRP Ledger quantum-resistant by 2028, including an emergency zero-knowledge proof mechanism to recover funds in extreme scenarios, appealing to institutions with long-term infrastructure plans.
Despite these positive developments, XRP’s price has not kept pace with ETF inflows. The token currently trades around $1.47, roughly 39% lower than six months ago and nearly 60% below its all-time high of approximately $3.65 set in July 2025. This divergence suggests that institutional capital is being absorbed by existing holders selling their positions rather than creating a supply squeeze. For XRP to reclaim the $3 level, analysts highlight three necessary conditions: sustained or accelerating ETF inflows, real-world deployments on the XRP Ledger involving major financial institutions like JPMorgan or Mastercard, and a favorable macroeconomic environment for risk assets. On the downside, the 39% decline despite strong ETF flows warns that narrative alone cannot support prices when broader crypto markets are range-bound and leveraged positions from the 2025 peak are still unwinding. Some analysts warn that renewed Bitcoin weakness could drag XRP back to $1.10–$1.20 before any recovery takes hold. However, if Ripple Prime gains traction as an institutional on-ramp and the tokenized Treasury pipeline generates measurable on-chain volume, the bull case sees XRP returning to $2.50–$3.50 by late 2026, especially if US regulatory clarity solidifies its non-security status.