XRP spot ETFs have attracted $1.39 billion in cumulative net inflows since their launch in November 2025, according to Detik Finance.

Despite this strong capital influx, the token price remains stagnant around $1.38, a 39% decline from its July 2025 peak.

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Record Monthly Inflows in May

Data from SoSoValue shows that May 2026 has already surpassed the $81.59 million net inflows recorded in April.

This makes May the strongest monthly performance of the year for XRP spot ETFs.

The investment funds have not experienced a single day of net capital outflows throughout May.

This consistent buying pressure has helped defend key support levels but failed to trigger a price breakout.

Supply Barrier at $1.45-$1.46

Market analysts note that XRP has been trading within a narrow consolidation channel between $1.28 and $1.45 since February 2026.

The lack of upward movement despite steady ETF inflows is attributed to a massive supply barrier just above the current price.

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According to Glassnode data, approximately 1.16 billion tokens are clustered within the $1.45 to $1.46 break-even zone.

This price range represents a critical area where many retail investors who bought at higher prices look to exit their positions.

Every attempt to retest these levels triggers selling from trapped holders. This persistent overhead supply prevents ETF inflows from easily clearing the resistance.

Institutional Dynamics and Trading Volume

Daily ETF inflows ranging between $5 million and $17 million are relatively small compared to the overall market.

XRP's daily trading volume frequently exceeds $1.5 billion.

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A notable 20-day inflow streak in April successfully defended the $1.40 support level. However, it lacked the momentum to break through the $1.45 resistance ceiling.

Regulatory filings show that Goldman Sachs liquidated its entire $153.8 million position in XRP ETFs during the first quarter of 2026.

Bloomberg analysts clarified that the bank's fourth-quarter 2025 position reflected trading desk facilitation activities, not strategic conviction.

Experts suggest that while retail ETF demand provides baseline price support, larger institutional capital capable of clearing resistance is awaiting the implementation of the CLARITY Act.

Additionally, net inflows do not always indicate new market purchases, as investors often migrate existing holdings into ETF structures for tax and regulatory advantages.

Disclaimer: This article is based on publicly available data and analysis from sources including Detik Finance, SoSoValue, and Glassnode.