1 month ago
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Key Takeaways
- XRP ETFs drew $14.38 million September 1.
- Ripple returned 700 million XRP to escrow.
- XRP set a post-peak low near $1.32.
- The descending channel remains intact for now.
ETF buyers arrived, but price did not follow
US spot XRP ETFs recorded $14.38 million in net inflows on September 1, according to SoSoValue. Franklin’s XRPZ led the session with $6.63 million, followed by $4.72 million for Grayscale’s GXRP.
Cumulative net inflows reached approximately $1.68 billion, while the products’ combined net assets stood at $1.44 billion after the session. The regulated funds therefore continued attracting capital during XRP’s correction.
XRP did not rise alongside the reported inflows, showing that ETF demand had not yet translated into a broader price recovery. The token had gained nearly 70% during its August advance, giving recent buyers a substantial profit cushion and creating one plausible source of selling.
XRP was not dec...
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