Fresh inflows into XRP-focused investment products, combined with a sharp rise in new wallet creation, suggest traders may be selectively rotating capital into XRP while reducing exposure to larger crypto assets.
XRP traded near $1.37 during midday Hong Kong hours on Thursday, according to CoinDesk data. At the same time, bitcoin hovered around $77,400, while ether remained under continued selling pressure, highlighting a divergence between XRP and the broader market.
Data from CoinGlass shows XRP-linked funds recorded $8.88 million in inflows in the latest session, extending a multi-day positive streak that included $18.52 million on May 14 and $10.87 million on May 15. Over the past week, XRP investment products have attracted approximately $42 million in net inflows.
The steady demand stands out against persistent outflows from major crypto funds. Bitcoin ETFs saw $100.9 million in outflows in the most recent session, following earlier redemptions of $648.6 million, $331.1 million, and $290.4 million in prior days. Ether-based products also remained weak, posting $32.6 million in outflows in the latest reading.
Taken together, the flows point to a more selective appetite for crypto exposure, with capital rotation appearing to favor XRP over the largest digital assets. However, XRP’s underlying network fundamentals remain weaker compared with late 2025 levels.
On-chain data offers a complementary but less conclusive signal. According to blockchain analytics firm Santiment, XRP recorded the fourth-largest single-day surge in wallet creation this year, with 4,300 new wallets added in a 24-hour period.
While spikes in wallet creation can sometimes indicate fresh user participation, especially alongside inflows, the broader trend remains subdued. Santiment data shows XRP network growth has generally declined since late 2025, suggesting the latest jump may reflect short-term speculative activity rather than sustained adoption.
For traders, the key question is whether these flows and on-chain signals mark the beginning of a broader rotation into XRP, or simply a temporary positioning shift amid continued weakness across the wider crypto market.
