XRP was trading as of midday Hong Kong time on Thursday near $1.37, according to market data from CoinDesk, with new ETF and on-chain data suggesting some investors may be turning to XRP. Meanwhile, market leader Bitcoin was hovering around $77,400 and ether (eTH) remained under pressure.
CoinGlass data shows that XRP-related funds raised $8.88 million in the latest session, extending a streak of positive flows that included $18.52 million on May 14 and $10.87 million on May 15. Over the past week, XRP products have attracted approximately $42 million in net inflows.
This caught the attention of analysts as money exited the largest listed crypto products. Bitcoin ETFs lost another $100.9 million in the latest daily session, following buybacks of $648.6 million, $331.1 million and $290.4 million earlier in the same period. Ether products also remained under pressure, losing $32.6 million last session.
The data suggests a selective appetite for alternative crypto exposure, although the broader XRP network growth trend remains weaker than late 2025 levels.
Onchain activity offers a second, albeit less definitive, signal.
XRP recorded the fourth largest daily spike in wallet creation this year, with 4,300 new wallets added in 24 hours, according to Blockchain analytics firm Santiment.
The creation of new wallets can sometimes indicate new participation in the network, particularly when associated with capital inflows.
But the broader Santiment chart suggests caution.
The growth of the XRP network has generally been on a downward trend since late 2025, making the latest move seem more like a one-day surge than clear evidence of sustained adoption.
For traders, the question is whether XRP is witnessing the early stages of a broader rotation or simply a short-lived burst of speculative positioning as the broader crypto market remains under pressure.
