XRP ETFs have posted inflows for six straight months, with September adding another $117.44 million on top of August's record haul. But futures positioning has turned sell-dominant and exchange reserves are climbing, two signals that point toward possible profit-taking even as ETF demand holds up.
XRP exchange-traded funds have stayed in the green for half a year, yet traders on the futures side are leaning the other way. Monthly net inflows have held positive for six months. August marked the largest month at $159.18 million, according to SoSoValue.
September has added $117.44 million so far, bringing total net assets in XRP ETF products to $1.77 billion. On the futures side, however, CryptoQuant's 90-day taker cumulative volume delta turned sell-dominant earlier in the month and has stayed negative since. Funding rates have mostly stayed positive, but they fell into negative territory several times since late August, with dips as low as -0.018 in mid-September. Most traders still lean long, though short bets keep appearing.
The XRP ledger itself has been busier. Active addresses rose to 29.9K, the highest level in six months and a sharp jump from 10.7K in mid-September. For most of June through August, the count moved between 12.5K and 17.5K.
At the same time, reserves held on Binance have also climbed, now at 2.695 billion XRP. More coins parked on an exchange means more supply available to sell. Combined with the sell-dominant CVD reading, that suggests some holders may be ready to cash in on the recent bounce.
Whether ETF inflows stay green in the coming months would show steady demand continuing. A shift in the CVD back toward neutral or buy-dominant would show futures traders are coming back on board. But if Binance reserves keep rising while active addresses slow, sell pressure could win out.
Source: AMBCrypto
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