XRP ETFs See Record Inflows While Trader Sentiment Plummets to Three-Week Low

Key Takeaways

Table of Contents

Market fear surrounding XRP reached levels not seen in three weeks, with the bullish-to-bearish sentiment ratio dropping to approximately 1.10 on May 25.
Traders holding XRP for 30 days are currently sitting on average unrealized losses approaching 47%.
The 30-day Market Value to Realized Value (MVRV) metric has dropped below levels last observed in December 2020, signaling what analytics firm Santiment describes as an “extreme opportunity zone.”
On May 29, U.S.-based spot XRP exchange-traded funds registered $11.88 million in net inflows, contributing to $35 million accumulated between May 20 and May 29.
During this identical timeframe, Bitcoin-focused ETFs experienced outflows totaling $1.70 billion, while Ethereum ETFs saw $309 million exit.

The XRP token has maintained stability around the $1.35 price level despite trader anxiety climbing to its most elevated point in almost three weeks. Analysis of blockchain metrics and ETF capital movements reveals a divergent narrative regarding the digital asset’s current market position.

According to analytics from Santiment, the sentiment ratio surrounding XRP declined to roughly 1.10 to 1.0 on May 25. This decline pushed the cryptocurrency into what market observers designate as the “FUD Zone”—a territory characterized by prevailing fear, uncertainty, and doubt across social platforms.

Previous instances of entering this zone have often preceded upward price movements. The underlying principle is straightforward: widespread fear typically reduces selling pressure, creating conditions where accumulation can resume.

Notably, the XRP price has avoided significant collapse despite negative sentiment. The token has successfully maintained position above critical support around the $1.34 threshold.

Market analyst Ali Charts specifically highlighted this $1.34 level as a crucial technical marker. “I’m monitoring the lower boundary of the ascending channel at $1.34 as a potential accumulation area for XRP,” Ali Charts shared on X. “Should this support persist, price objectives are positioned at $1.37 and $1.40.” This observation arrived as market participants evaluated whether the ongoing consolidation pattern would resolve upward.

I’m watching the bottom of the rising channel at $1.34 as a potential buying zone for $XRP.
If it holds, targets sit at $1.37 and $1.40. pic.twitter.com/to0eq1SADA
— Ali Charts (@alicharts) May 31, 2026

Recent Buyers Face Significant Unrealized Losses

Data compiled by Santiment reveals that XRP market participants trading within a 30-day timeframe are experiencing average losses of 47%. A substantial number appear to have liquidated positions near local price bottoms, surrendering profits accumulated during the latter months of 2024 and early 2025.

The 30-day MVRV indicator—which calculates unrealized profit or loss across the broader market—has declined beneath its December 2020 reading. Santiment has categorized this condition as an “extreme opportunity zone,” terminology reserved for when the metric reaches historically depressed levels that have historically preceded market rebounds.

Santiment also drew attention to a notable occurrence on X. Thursday witnessed the year’s largest single XRP exchange deposit—exceeding 22.80 million tokens transferred onto trading platforms. However, in subsequent days, 25.24 million XRP migrated back into private wallets. Santiment observed that this substantial exchange movement coincided precisely with a local price minimum, and that XRP’s market value has appreciated roughly 5% following that apparent capitulation event.

📊 Right after the largest $XRP exchange inflow (+22.80M XRP) of the year happened Thursday, on-chain data indicates even more coins (-25.24M) have moved back off of exchanges since.
🤦 The massive flow of coins moving on to exchanges occurred right at the local bottom for… pic.twitter.com/ntzvOIEhUn
— Santiment Intelligence (@SantimentData) May 30, 2026

Spot XRP ETFs Maintain Strong Capital Attraction

While sentiment indicators reflect widespread pessimism, institutional investment vehicles have demonstrated contrary momentum.

U.S.-registered spot XRP exchange-traded funds captured $11.88 million in net positive flows on May 29. Bitwise’s offering dominated with $7.36 million, while Canary’s XRPC contributed $2.38 million and Franklin’s XRPZ added $2.14 million.

JUST IN: ETF clients buy $11.88 million worth of $XRP, bringing total ETF-held net assets to $1.12 billion. pic.twitter.com/IzYIN8yaJj
— Whale Insider (@WhaleInsider) May 30, 2026

Between May 20 and May 29, XRP-focused ETFs accumulated a combined $35 million in fresh capital. Throughout this same interval, Bitcoin ETF products hemorrhaged $1.70 billion while Ethereum ETF offerings experienced $309 million in withdrawals.

Aggregate net assets held within U.S. XRP ETFs currently approach $1.12 billion, with total cumulative inflows reaching $1.42 billion since inception.

Spot Bitcoin ETFs registered $125.31 million in redemptions on May 29, extending their outflow streak to a consecutive tenth trading session.

An outstanding development from October 2025 continues to linger without resolution. Bloomberg intelligence reported that Ripple Labs was spearheading an initiative to secure at least $1 billion through a special purpose acquisition company (SPAC) designed to accumulate XRP within a treasury structure. CoinDesk contacted Ripple seeking clarification, though no additional information has been forthcoming.