XRP ETFs: The Army’s March Hits a Snag-Or Did It?

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Three months ago, the long-suffering XRP Army, a cohort of enthusiasts whose devotion to their digital darling borders on the ecclesiastical, finally saw their prayers answered. The launch of the first spot exchange-traded fund tracking XRP in the United States was met with the sort of fervor one might expect from a crowd that has long mistaken hope for strategy. The initial trading days were, dare one say, almost respectable, with additional funds joining the fray like lemmings to a cliff.

Alas, the past week has revealed a trend as unsettling as a cold shower on a winter morning. The once-buoyant demand for these ETFs has waned, leaving one to wonder if the XRP Army has finally run out of steam-or sense.

The ETFs’ Gloomy Waltz

Canary Capital’s XRPC, which set a debut-day trading volume record in 2025 (a feat as impressive as it is forgettable), remains the market leader despite the arrival of four additional funds. It boasts over $410 million in cumulative net inflows, followed by Bitwise’s XRP ($360 million) and Franklin Templeton’s XRPZ ($328 million). For a time, these products enjoyed a streak of green days so uninterrupted one might have mistaken them for a well-tended lawn. Yet, the inevitable red days arrived, as they always do, with January 29 standing out as particularly painful-a financial hangover after a night of poor decisions.

Most full trading weeks ended in the green, with total net inflows stabilizing above $1.20 billion. But the past week has been as lively as a funeral procession. Despite three days in the green, the net inflows were meager: $6.31 million on Monday, $3.26 million on Tuesday, and $4.5 million on Friday, according to SoSoValue. Thursday saw a net withdrawal of $6.42 million, while Wednesday’s trading volume was as absent as a sense of humor at a tax audit. The week ended slightly in the green ($7.65 million), but the decline in demand is as obvious as a badly fitted toupee.

XRP Price: A Farce of Volatility

Meanwhile, the price of XRP itself has been a spectacle of volatility, lurching about like a drunk at a wedding. The token recovered from last week’s plunge to $1.11, only to be rejected at $1.55, where it has languished like a forgotten guest at a party. The bulls, ever optimistic, staged a brief offensive, pushing the price to a multi-week peak of just over $1.65, before it was rejected once more. XRP now sits around $1.55, a retracement as predictable as a Waugh novel’s unhappy ending.

Despite this farce, XRP’s market cap remains above $90 billion, placing it ahead of BNB in the battle for fourth place-a contest as meaningful as a debate between two fools. One can only wonder how long this charade will continue, and whether the XRP Army will finally admit that their digital crusade may be less a march to glory and more a stroll into the absurd.

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2026-02-15 21:04