Rising Above The Ashes: XRP ETFs Set New Record Despite Market Crash
Despite a significant market downturn and substantial outflows, Spot XRP Exchange-Traded Funds (ETFs) have demonstrated remarkable resilience, hitting record trading volumes and attracting fresh capital. This unexpected surge in investor demand stands in stark contrast to the recent dip in XRP's price and the broader cryptocurrency market's bearish sentiment.
XRP ETFs Defy Trends and Hit Record Volume
XRP ETFs have captured market attention by experiencing fresh inflows immediately following a major withdrawal. On January 29, 2026, these ETFs registered a record single-day outflow of $92.9 million, primarily driven by Grayscale's GXRP, marking the largest reduction since their November 2025 launch. However, just a day later, the tide turned with a notable $16.79 million net inflow, partially fueled by renewed interest in Franklin Templeton’s XRPZ, Bitwise’s XRP ETF, and Canary’s XRPC. This impressive comeback propelled Spot XRP ETFs to achieve record trading volumes, with cumulative volume climbing to $2.23 billion, surpassing the previous day's $2.15 billion, despite an overall market downtrend. Bitwise's XRP ETF led this surge in trading activity, followed by Grayscale’s GXRP and other key players.
XRP Price Continues Slide Amid Market Uncertainty
While the ETF market for XRP shows signs of recovery, the underlying cryptocurrency's price faces continued pressure. XRP has extended its losses, with CoinMarketCap data indicating an 11% drop over the past week and a further 3% decline in the last 24 hours, bringing its price to approximately $1.69. This represents a more than 15% decrease from its $2 valuation seen just weeks prior. The decline in XRP's daily trading volume by over 26.6% further signals waning trader confidence and increasing market uncertainty. Reflecting this sentiment, XRP's Fear and Greed Index has plunged into the "Fear" zone, mirroring the "extreme fear" prevalent across the broader crypto market for major digital assets.
