XRP ETF Buyers Are 13% Underwater, Yet Inflows Keep Coming

XRP ETF Buyers Are 13% Underwater, Yet Inflows Keep Coming

XRP Price and Exchange Net Position Change

XRP price trades near $1.40, down about 8% over the past week and 11% below its September 23 high. However, XRP holders are not rushing to sell, and coins keep leaving exchanges.

Exchange Outflows and ETF Buying

Glassnode's Exchange Net Position Change tracks how much XRP left or entered exchanges over the past 30 days. A negative reading means more coins left than arrived.

Fund Buyers and ETF Investors

Investors have put $1.80 billion of cash into spot XRP ETFs, per SoSoValue ETF data. Inflows even hit a 2026 record in August. The funds used that cash to buy XRP, which now trades below the price paid for much of it.

XRP ETF Buyers Are Underwater but Still Adding

Underwater buyers often bail during drops, but these have not. The funds logged only one outflow day since September 18, a $3.28 million exit on October 2.

Price Levels That Will Test This Patience

XRP price has trended lower since peaking near $1.70 on August 22, after August's 28% rally. Its September rebound stalled at $1.65. On October 8, XRP slipped under $1.37, the 0.618 Fibonacci level, then closed back above it.

Conclusion

Holding $1.37 keeps a push toward $1.43 and $1.48 alive. A move above $1.66 and then $1.70 would break the run of lower highs. A daily close under $1.37, followed by a drop below $1.30, could turn patient holders into sellers.