XRP spot exchange-traded funds (ETFs) have recently experienced a significant shift, breaking a robust inflow streak that lasted 20 consecutive trading days, from April 10 to April 29, 2026. During this period, the funds accumulated approximately $82 million, marking it as their best showing since their late-2025 launch. However, this favorable trend came to a halt on April 30, when a $5.83 million outflow was recorded, causing XRP’s price to fall below the key $1.40 support level, dropping to $1.38.
Throughout April, the XRP price demonstrated resilience, often fluctuating between $1.40 and $1.44. The peak inflow day occurred on April 15, with an impressive $17.11 million, followed by subsequent inflows of $13.74 million and $11.87 million on April 17 and 16, respectively. These daily inflows, though not monumental in the context of XRP’s average trading volume of over $1.5 billion, played a critical role in sustaining XRP’s price against selling pressure from investors who purchased around the $1.44-$1.45 range.
The outflow on April 30 marked a decisive end to ETF buying, and the lack of any subsequent inflows on May 1 further reflected a shift in market sentiment. Historical data indicates that previous outflows have primarily originated from the 21Shares’ TOXR fund, which has consistently shown negative cumulative flows and was likely responsible for the latest outflow. Despite the absence of inflows, it’s speculated that the other four XRP ETFs may still have seen some money coming in that day.
As the market transitions into May, the key question arises: what could stimulate renewed ETF inflows and potentially lift XRP’s price back above the critical $1.40 threshold? Two crucial events scheduled for mid-May may influence this trajectory: the Q1 13F filings and the markup deadline for the CLARITY Act on May 21. The quarterly filings, which disclose institutional holdings, are particularly anticipated, with Goldman Sachs being a focal point. The bank had emerged as the largest known institutional holder of XRP during the last quarter of 2025 when XRP was trading above $2. A hopeful outlook on Goldman’s continued holdings through the price decline could signal institutional confidence and reignite interest in XRP.
Moreover, the CLARITY Act, if passed, would provide regulatory certainty regarding XRP’s status as a commodity, potentially unlocking billions in inflows into XRP ETFs. As institutions have been waiting for clearer legal standing, this could act as a catalyst for renewed market activity.
In conclusion, while XRP prices have slipped below the $1.40 support level following the end of ETF inflows, the upcoming Q1 filings and the potential legislative changes could prove pivotal in determining whether the market will see a revitalization of buyers. With conditions fluctuating across the broader market, including Bitcoin’s performance, the sentiment surrounding XRP remains cautious yet hopeful for positive developments in the near future.
