XRP has fallen for three straight days, wiping out gains from earlier this week even as newly launched spot ETFs attracted steady inflows.
Summary
– XRP plunged after a stalled rally.
– Spot XRP ETFs continued to see inflows.
– Technicals point to further downside.
Ripple’s XRP dropped to $2.03 on Dec. 6, off more than 44% from its high this year, erasing billions and taking market capitalization to about $120 billion. The decline comes despite strengthening fundamentals tied to ETF demand: funds tracking XRP have recorded continuous net inflows since launch.
SoSoValue data shows the ETFs added $10.2 million on Friday, lifting weekly inflows to $230 million. Cumulatively, the products have seen roughly $897 million in inflows, led by Canary’s XRPC with about $363 million. Grayscale’s GXRP, Bitwise’s XRP, and Franklin Templeton’s XRPZ have drawn roughly $211 million, $187 million, and $134 million, respectively. The four ETFs hold over $861 million in assets, and including REX-Osprey pushes total assets above $972 million.
The price drop appears driven by broader market weakness: Bitcoin and many altcoins retraced gains as futures open interest fell and liquidations increased. XRP saw more than $7.6 million in positions liquidated over the past 24 hours, adding selling pressure.
Technical picture
The current sell-off intensified after XRP retested the upper boundary of a descending trendline—the top of a falling wedge pattern that can precede bullish reversals. However, XRP remains below the 50-day and 100-day exponential moving averages and under the Supertrend indicator, signaling a continued bearish backdrop.
Key support sits near $1.8520, a level the token has held above for months. A decisive break below that support would likely open the way for further declines.
