--- title: "XRP ETFs Saw $5.98M Inflows on Thursday: Here's Why That Isn't Automatically Bullish" type: "News" locale: "en" url: "https://longbridge.com/en/news/294529773.md" description: "XRP ETFs recorded $5.98 million in inflows on Thursday, signaling broadening institutional participation with contributions from Bitwise and Franklin Templeton. While CryptoQuant analyst Darkfost notes that drying selling pressure may help build a floor above $1.00, the price remains under bearish technical pressure. XRP is trading within a descending channel, and if support at $1.05 fails, the next target is projected to be between $0.90 and $0.95." datetime: "2026-07-31T14:45:24.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294529773.md) - [en](https://longbridge.com/en/news/294529773.md) - [zh-HK](https://longbridge.com/zh-HK/news/294529773.md) generator: "portal-rs" --- # XRP ETFs Saw $5.98M Inflows on Thursday: Here's Why That Isn't Automatically Bullish **XRP** (CRYPTO: XRP) ETFs pulled in $5.98 million on Thursday, even as the chart keeps pointing lower, with $0.90 as the next target if $1.05 fails. ### Sellers Are Drying Up But Price Isn’t Recovering CryptoQuant analyst **Darkfost** noted that XRP inflows to Binance just hit an all-time low, with average monthly inflows now sitting at roughly 3.6 million XRP, the lowest level ever recorded.  Following a 72% correction from its $3.66 peak, the absence of selling pressure typically signals a floor is building. “This exhaustion of selling pressure should help XRP build a solid floor above the $1 threshold,” Darkfost wrote, adding that a genuine rebound in demand still needs to follow for a sustainable bullish trend to form. ### What The ETF Data Shows? XRP ETFs recorded $5.98 million in daily inflows Thursday, with **Bitwise XRP** (NYSE:XRP) contributing $3.03 million and **Franklin XRPZ** (NYSE:XRPZ) adding $2.95 million, according to SoSoValue data.  Two issuers stepping up on the same day points to broadening institutional participation rather than a single player driving the flow. Cumulative net inflows crossed $1.50 billion, a quiet milestone reflecting steady institutional accumulation even as XRP’s price struggles to find direction at the chart level. ### Why The Chart Still Points To $0.90? XRP is down 1% on Friday, grinding along the lower boundary of a descending channel intact since May.  The pattern shows a relentless series of lower highs and lower lows with no base formation attempt. The Parabolic SAR at $1.1650 sits well above current price, keeping the bearish signal firmly in place.  All four EMAs stack in full bearish order: 20-day at $1.0930, 50-day at $1.1267, 100-day at $1.2105, and 200-day at $1.4071. Every level above is resistance, none are support. If $1.05 fails on a daily close, the descending channel projects toward $0.90 to $0.95 as the next landing zone. #### Key levels for XRP: - $1.0930 — 20-day EMA, first resistance to reclaim - $1.1267 — 50-day EMA, next ceiling above - $1.05 — channel floor, must hold - $1.00 — psychological support below - $0.90 to $0.95 — channel extension target if $1.05 breaks *Image: Shutterstock* ### Related Stocks - [XRPR.US](https://longbridge.com/en/quote/XRPR.US.md) - [XRP.US](https://longbridge.com/en/quote/XRP.US.md) - [XRPI.US](https://longbridge.com/en/quote/XRPI.US.md) - [GXRP.US](https://longbridge.com/en/quote/GXRP.US.md) - [XRPZ.US](https://longbridge.com/en/quote/XRPZ.US.md) - [BEN.US](https://longbridge.com/en/quote/BEN.US.md) ## Related News & Research - [XRP Futures Volume Hits 6-Month High as ETF Inflow Streak Hits 8 Weeks](https://longbridge.com/en/news/298321813.md) - [XRP to $60? Analyst Sets Ambitious Bull Market Target, Deems It Viable Once Price Breaks This Key Level](https://longbridge.com/en/news/298198665.md) - [XRP sees $14.2M liquidation flush – Could leverage reset fuel price recovery?](https://longbridge.com/en/news/298259089.md) - [Ripple (XRP) Stock Price Forecast: Will It Reach $100 by 2030?](https://longbridge.com/en/news/297791005.md) - [XRP's Price Could Rise to $1.60 or Drop to $0.80 as Upcoming CLARITY Act Vote and Fed Rate Decision Loom](https://longbridge.com/en/news/298056207.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**