Crypto Potato
2026-01-08 12:30:07

Spot XRP ETFs’ Record Green Streak Snapped as Ripple Price Plunges 13% in Days

The longest green streak in terms of daily net flows for spot cryptocurrency ETFs has come to an end after almost two months of consecutive positive numbers. The spot XRP exchange-traded funds have seen their first red day on January 7, as the underlying asset’s price has tumbled by 13% since its local peak earlier this week. XRP ETF Streak Broken The first spot XRP ETF was released by Canary Capital on November 13, 2025, and it set the record for the highest daily trading volume throughout the year. Four more such financial vehicles followed suit, launched by Grayscale, Bitwise, Franklin Templeton, and 21Shares. The products attracted roughly $1 billion in just over a month. Moreover, they continuously outperformed all other crypto ETFs within this timeframe as they were consistently in the green. while the BTC and ETH funds were losing billions of dollars. More specifically, the spot Ripple ETFs hadn’t seen a single day with more net outflows than inflows since November 13, but this impressive streak came to an end yesterday. Data from SoSoValue shows that investors pulled out $40.80 million from the funds, reducing the cumulative net inflows to $1.20 billion. This was the longest such streak for ETFs tracking the performance of digital assets. Solana’s ETFs are next, as they were in the green for just under a month after the first one debuted in late October. In contrast, both the BTC and ETH funds saw numerous red days after launch, especially those tracking the largest altcoins. XRP Rejected The consistent ETF net inflows were among the reasons that drove the underlying asset to a new multi-week peak a few days ago. XRP went on the run at the start of the new year, skyrocketing by 30% from under $1.90 to $2.41. However, it faced a violent rejection at that point and has lost over 13% of value. It now struggles to remain above $2.10. While one of the reasons for this substantial nosedive could be related to the overall market retracement in the past day, another one could be attributed to the broken streak above. Investor sell-offs not only impact the asset’s price, but they can also serve as an example for others to follow suit. Nevertheless, analysts such as Steph Is Crypto continue to be bullish on XRP in the long run, indicating that the RSI has just “flashed a powerful signal” for its future price performance. On the weekly chart, $XRP just flashed a powerful signal. The weekly RSI has broken back above its moving average. This is important because it usually only happens when momentum starts to shift decisively in favor of buyers. Since 2024, every previous RSI break above its… pic.twitter.com/pV2sT0w65Z — STEPH IS CRYPTO (@Steph_iscrypto) January 8, 2026 The post Spot XRP ETFs’ Record Green Streak Snapped as Ripple Price Plunges 13% in Days appeared first on CryptoPotato .

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