XRP fell to around $1.50, extending its 24-hour decline to 8% after the token failed to remain above $1.60. The pullback occurred despite $18.04 million in net inflows into U.S. spot XRP ETFs during the previous session, showing that ETF buying has not been enough to counter selling across the spot market.

XRP’s daily range stretched from $1.60 to $1.46, placing the token near its session low. Its market capitalization declined to approximately $92 billion, leaving XRP fifth among cryptocurrencies by market value. Against Bitcoin, XRP dropped 5.6% to 0.00001755 BTC, indicating that the weakness extended beyond its dollar-denominated performance.

XRP ETF Inflows Remain Small Relative to Spot Volume

Bitwise’s XRP ETF attracted $11.54 million in fresh capital on Tuesday, increasing its cumulative inflows to $646.08 million. Franklin Templeton’s XRPZ brought in $6.50 million, taking its cumulative inflows to $496.80 million.

Overall, U.S. spot XRP ETFs recorded $18.04 million in net inflows, lifting combined inflows since launch to roughly $1.67 billion. Yet total net assets fell from $1.731 billion in the previous session as XRP’s price decline reduced the value of the funds’ existing holdings.

The size of the latest inflows was also relatively small compared with spot trading activity. The $18.04 million entering the ETFs accounted for roughly 0.44% of XRP’s $4.1 billion in 24-hour spot volume. The data covers different timeframes, but the comparison still illustrates the much larger scale of activity taking place in the spot market.

CoinGecko’s market analysis pointed to profit-taking as a key factor behind XRP’s decline. The token climbed from approximately $1.29 to $1.38 on September 18 before moving toward $1.60 over the following sessions. Once the rally stalled, traders who bought at lower levels had an opportunity to lock in profits.

XRP deposits to Binance have also increased, potentially signaling distribution. However, exchange deposits do not necessarily mean immediate selling, as tokens can be transferred for trading, market-making, custody adjustments or collateral requirements.

On-chain metrics offer additional context. Santiment reported XRP’s 365-day MVRV ratio at -11.75% on September 23, suggesting that the average holder active during the previous year was sitting on an unrealized loss. This type of positioning can encourage holders to sell during price rebounds to reduce exposure.

XRP Drops Toward $1.45 After Repeated $1.60 Rejection

The latest sell-off unfolded in multiple stages. XRP was trading near $1.60 late on September 23 before dropping from about $1.58 to $1.52. The token then consolidated between $1.49 and $1.52 overnight.

Around 11:00 IST on September 24, buyers briefly pushed XRP back toward $1.52, but the recovery failed to gain traction. The next decline began after 13:45 IST, when XRP slipped below $1.48 before reaching approximately $1.46 around 15:00 IST.

This marked the second unsuccessful attempt during the week to establish XRP above $1.60, following another test of the level on September 22.

Recent price action puts the $1.60 resistance and $1.45 area on the radar as key reference levels. Futures positioning could further influence volatility, particularly if leveraged traders are heavily concentrated on one side of the market.