XRP held close to $1.37 at midday in Hong Kong on Thursday, according to CoinDesk market data, with fresh ETF and on-chain data suggesting some investors may rotate into XRP. Meanwhile, market leader bitcoin hovered around $77,400 and ether (eTH) remained under pressure.
CoinGlass data shows that XRP-linked funds pulled in $8.88 million in the latest session, extending a streak of positive flows that include $18.52 million on May 14 and $10.87 million on May 15. Over the past week, XRP products have attracted around $42 million in net inflows.
This has caught the attention of analysts because money has left the largest listed crypto products. Bitcoin ETFs lost another $100.9 million in the latest daily session after redemptions of $648.6 million, $331.1 million and $290.4 million earlier in the same stretch. Ether products also remained under pressure, losing $32.6 million in the latest session.
The data suggests a selective appetite for alternative crypto exposure, although XRP’s broader network growth trend remains weaker than late 2025 levels.
Onchain activity offers another, but less definitive, signal.
XRP recorded the fourth-largest daily increase in wallet creation this year, with 4,300 new wallets added in 24 hours, according to Blockchain analytics firm Santiment.
Fresh wallet creation can sometimes point to new network participation, especially when paired with capital inflows.
But the broader Santiment chart suggests caution.
XRP’s network growth has generally been lower since late 2025, making the latest move look more like a sharp one-day spike than clear evidence of sustained adoption.
For traders, the question is whether XRP is seeing the early stages of a broader rotational trade, or just a short-lived burst of speculative positioning while the broader crypto market remains under pressure.
