The previous business week laid bare a stark divide in crypto ETF demand. Spot XRP funds pulled in just over $22 million — their third consecutive week of net inflows — while spot Bitcoin and Ethereum ETFs hemorrhaged a combined $1.47 billion. It was the worst week for Bitcoin funds since late January, and Ethereum funds haven't seen a single day in the green since May 8.
The flow split
Bitcoin ETFs saw net outflows of over $1.25 billion, the heaviest weekly bleed in four months. Ethereum ETFs weren't far behind, losing $216 million — slightly less than the prior week's $255 million, but still a steady drain. The last day with more outflows than inflows for XRP ETFs was April 30, meaning the shift toward XRP has held for nearly a month.
Not every altcoin ETF suffered. Solana funds gained over $15.5 million in the same week. And two HYPE funds attracted more than $72 million as the underlying asset hit a new all-time high just above $63, drawing fresh capital into a token still in its early ETF phase.
XRP's technical trouble
XRP's price couldn't keep pace with the ETF enthusiasm. After surging to $1.55 on May 17, the token hit resistance at $1.42, reversed, and slid to under $1.30 — its lowest in over six weeks. That's a 15% decline from the weekly high. A modest rebound in the past 24 hours pushed XRP back near $1.35, fueled by positive developments on the US-Iran war front.
Analyst Ali Martinez flagged a technical breakdown on the daily chart: XRP broke out of its rising trend line within a symmetrical triangle. He warned that if the token fails to reclaim $1.40 soon, a drop toward $1.14 is possible.
XRP now sits just below $1.35. Whether it can reclaim $1.40 in the coming days will determine if Martinez's bearish target comes into play — or if the steady ETF inflows signal enough underlying demand to lift the price back up.
