The debut of the first-ever XRP spot exchange-traded fund (ETF) on Nasdaq has ignited intense enthusiasm across the digital asset sector. Yet, contrary to widespread expectations of an immediate rally, XRP slipped roughly 8% following the launch an unexpected move for investors anticipating a swift bullish breakout.
While the ETF’s inaugural trading session drew strong inflows, analysts noted that the capital was still insufficient to meaningfully influence a cryptocurrency boasting a market valuation exceeding $138 billion.
ETF Inflows Reach $245 Million on Launch Day
The XRP ETF had about 245 million net inflows and about 60 million trading volume on its listing date. The numbers were a historic watershed in XRP investment products, being the first attention to exceed the initial attention of the BlackRock IBIT and Bitwise BITB, which DrBullZeus of the market observer.
The data is in: Canary’s #XRP ETF ($XRPC) recorded $245M net inflows day one.
That’s MORE than the debut of BlackRock’s IBIT ($111.7M) and Bitwise’s BITB ($237.9M).
The #XRP Army is for real, but this kind of capital is INSTITUTIONAL. Don’t look at the short-term price, look at… pic.twitter.com/i0vAaOTk9S
— DrBullZeus (@DrBullZeus) November 14, 2025
Nevertheless, even with the establishment of a new precedent in an XRP-based financial product the inflow of capital was under 1 percent of the total market capitalization of the token too small to move the market forces.
When the hype faded, the short-term investors chose to sell when the profits were going down and this helped in the decline of XRP even as the milestone ETF was being introduced.
The traders were hoping that tokens would fall off the open market directly onto the hands of ETF inflows, and the supply would be gone quickly.
Rather, anticipated deficit did not occur. Analysts have also indicated that it would require much more inflows, possibly 1015 times greater, i.e. comprising of 3 billion to 5 billion dollars to create any meaningful upward pressure on the price of XRP.
Minimal Impact on Exchange-Traded XRP Supply
According to the statistics of the largest exchanges, the number of XRP actively traded on the exchange is approximately 2.4 billion, which is approximately five billion in value. In addition to those tokens that are exchanged, there is an estimated between 5 billion and 12 billion of an estimated market in off-exchange over-the-counter (OTC) desks.
Institutional users usually turn to OTCs when they want to avoid the effect of price soaring down into sudden spikes, usually actually paying a premium of 5 to 15 percent. The strategy narrows down supply over time, and since the action takes place in the non-public markets, it hardly ever has an immediate price action on an exchange chart.
Market Conditions and Price Forecast
XRP is being traded at 2.27 dollars, whereas the trading volume in the last 24 hours is 4.35billion and the market value is 136.77billion. Regardless of the overall exuberance of the ETF, the XRP has fallen by 0.83 percent in the last day, according to CoinGecko data.
Nevertheless, the situation on the market is positive. According to a recent review on the XRP Avengers group, the token can be poised to undergo a heavy bull run in the near future, and possible levels of between $10 to $30 dollars in the next bull run.
The post also suggests that the successful expansion of the spot ETF will drive XRP to a much different valuation range of between 50-150. The result of such a burst might be a period of consolidation between the 100-500 range, which would provide a crucial timeframe during which market participants would be able to rethink their positioning and overall strategy.
Since market still needs to digest the launch of the ETF and track the inflow trends, traders and analysts are closely watching the next big trigger that may lead to XRP moving off anticipation into acceleration in the months to come.
