U.S. Spot XRP ETFs recorded $12.84 million in daily net inflows on Friday, December 5, their 13th consecutive day of growth.
Franklin led the pack, adding $5.7 million to its holdings, followed by Bitwise’s $3.76 million. The remaining two funds, Grayscale and Canary, saw gains of $2.04 million and $1.34 million, respectively.
With the latest additions, the overall cumulative inflows have climbed to $887.12 million, according to data Finbold reviewed on SoSoValue.
The institutional demand for XRP becomes that much more obvious when we consider that the total inflows are hovering around $900 million just weeks after their mid-November debut, with more than 400 million tokens locked.
If the pace continues, total net assets could reach $1 billion in about a week, which would potentially allow XRP to outpace most Bitcoin (BTC) and Ethereum (ETH) products over similar launch windows.
XRP price crashes despite ETF inflows
While institutional flows are in the green, XRP slid more than 3% on Friday, extending a two-month downturn that has so far erased over 30% from the asset’s value and sunk the price to $2.07 at the time of writing.
Adding to the pressure, the past 24 hours have also seen nearly $8 million in XRP long positions liquidated just as the crowd sentiment turned sharply negative, with Fear, Uncertainty, and Doubt (FUD) readings plunging to their lowest levels in the past two months.
The XRP technical picture has also weakened. Namely, the token is trading below all major short- and mid-term moving averages, while the relative strength index (RSI) sits at 44, signaling fading momentum.
In short, retail panic appears to contrast sharply with institutional accumulation. Historically, however, such setups have preceded rallies of up to 20%, meaning that short-term price swings could mark the next few days.
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