XRP has been holding steady near $1.37 as of midday Thursday in Hong Kong, with market indicators suggesting that some investors may be shifting their focus toward the cryptocurrency. According to CoinDesk market data, XRP’s resilience comes amidst a backdrop of underperformance for major cryptocurrencies such as Bitcoin, which is hovering around $77,400, and Ether, which continues to face selling pressure.
Recent data from CoinGlass highlights a significant influx of capital into XRP-linked funds—$8.88 million in the most recent session, following previous inflows of $18.52 million and $10.87 million on May 14 and May 15, respectively. Over the past week, XRP products have attracted approximately $42 million in net inflows. This trend is noteworthy, particularly as other prominent crypto products are experiencing outflows. Bitcoin ETFs, for instance, have seen a reduction of $100.9 million in the latest session, adding to losses that have totaled over $1.27 billion in redemptions over the past few weeks. Ether-related products also faced difficulties, with a loss of $32.6 million recently.
The situation indicates a selective interest in alternative cryptocurrencies, even as XRP’s overall network growth appears to be weaker compared to levels observed in late 2025. An analysis from Blockchain analytics firm Santiment reveals that XRP experienced the fourth-largest daily increase in wallet creation this year, with 4,300 new wallets registered in just 24 hours. While new wallet creation can signify increased participation in the network, the overall trend since late 2025 has shown a consistent decline, suggesting that the recent spike may be a temporary anomaly rather than a sign of sustained growth in adoption.
Traders are left contemplating whether XRP is witnessing the initial stages of a broader shift in market sentiment or if this current rise is merely a fleeting moment of speculative activity in a generally weak crypto landscape. The coming days will likely shed more light on this issue as market participants assess the sustainability of these trends.
