XRP fell nearly 7% over the past week, trading around $1.38 with a market cap near $86 billion, according to CoinGecko. But the price dip hasn't kept money away from spot XRP ETFs, which pulled in more than $110 million in inflows last week — the first time that's happened since December 2025.
ETF money returns after a dry spell
The inflows mark a turnaround. Spot XRP ETFs recorded nine consecutive green days, a streak not seen in eight months. That's a notable shift for a product that had been struggling to attract capital. The last time these funds saw this kind of sustained buying was back in early 2026, before the streak broke.
Why now? The price action might be part of it. XRP has been hovering around $1.38, and some traders see that as a support level. But the ETF flows suggest institutional interest is picking up even as the token's price slides.
Analysts split on where XRP goes next
Forecasts vary widely. Ali Martinez says the breakout is confirmed and sets the next target at $1.70. Diana, another analyst, sees XRP sitting on $1.38 support, with Elliot wave targets of $1.88 short-term and $7.07 eventually. XRP Update claims XRP has broken out of a downtrend and could rally toward $2.50, $3.50, $6, and $13.
Not everyone is that bullish. Crypto Lens expects XRP to first retreat to $1.17, then begin a new bull run toward $1.90, $3.10, and $5.20. That's a more cautious path, with a pullback before any upside.
The bear case: a failed reclaim
ChartNerd offers a different read. XRP failed to reclaim its 50-week EMA for the second consecutive week, a sign of weakness. The analyst points to a 22% retracement and sees the 20 EMA at $1.27 as short-term support. If that level breaks, the downside could be deeper.
So the picture is mixed. On one hand, ETF inflows are a positive signal. On the other, the price action hasn't confirmed a breakout for everyone. The next few weeks will show whether XRP can hold $1.38 or if it needs to test lower levels first.
