Summary
– XRP has declined three days in a row, erasing earlier weekly gains.
– Spot XRP ETFs continued to register steady inflows.
– Technical indicators suggest the token could fall further.
XRP slid to $2.03 on Dec. 6, marking a drop of more than 44% from its high this year and trimming its market capitalization to roughly $120 billion. The pullback came even as demand for spot XRP ETFs has remained consistent since their launch.
SoSoValue data shows the ETF products added $10.2 million on Friday, bringing weekly inflows to about $230 million. Cumulative inflows into the suite of XRP funds are roughly $897 million. Canary’s XRPC leads with approximately $363 million, followed by Grayscale’s GXRP at about $211 million, Bitwise’s XRP near $187 million, and Franklin Templeton’s XRPZ around $134 million. The four ETFs together hold more than $861 million; adding REX‑Osprey pushes total assets above $972 million.
Despite the steady capital entering ETF vehicles, XRP’s price weakness appears tied to broader market dynamics. Bitcoin and many altcoins retraced recent gains as futures open interest declined and liquidations accelerated. XRP alone saw over $7.6 million in positions liquidated in the past 24 hours, which added selling pressure and exacerbated the move lower.
Technical picture
The sell-off gathered momentum after XRP tested the upper boundary of a descending trendline—a resistance at the top of a falling wedge, a pattern that can sometimes precede reversals. However, the token remains trading below its 50‑day and 100‑day exponential moving averages and sits under the Supertrend indicator, a configuration that indicates a continued bearish backdrop.
Immediate support is concentrated near $1.8520, a level XRP has held above for months. A decisive break below that point would likely open the door to further declines, while holding above it would keep the door open for a renewed attempt to reclaim lost ground. For now, ETF inflows improve the medium‑term narrative, but macro and technical pressures are driving short‑term volatility.