Overview
- Latest ETF data show a $17.06 million daily purchase, lifting total ETF-held XRP to above $1.5 billion.
- Spot exchange balances continue to fall with net outflows reported, signaling reduced immediate sell-side supply.
- XRP traded near $2.07 after a sell-the-rally move at ~$2.13, with price still confined to a descending channel.
- Derivatives positioning has cooled as funding rates fell by about 43%, while an elevated NVT ratio (~177) points to muted on-chain activity relative to valuation.
- Regulatory backdrop improved as Ripple secured preliminary e-money license authorization in Luxembourg and is pursuing a MiCA CASP license in the EU.