Bitcoin and Ethereum See Rush of Fund Outflows, Why Is XRP the Only One Attracting Inflows?

▲ Ripple (XRP)

As a wave of heavy selling sweeps across the broader cryptocurrency market due to the fallout from tariff shocks, XRP (Ripple) is standing out by recording standalone capital inflows and demonstrating remarkable resilience. Even as massive funds flow out of market leaders Bitcoin and Ethereum, XRP is drawing attention by trimming its losses, supported by steady interest from retail investors.

According to investment media outlet FXStreet on February 23 (local time), XRP fell to an intraday low of $1.33 amid macroeconomic uncertainty, geopolitical tensions, and risk-off sentiment, but has since recovered above the $1.40 level. A report from CoinShares shows that $3.5 million in net inflows entered XRP-related investment products last week. Although this marks a 90% drop from the $33 million recorded the previous week, it remains a meaningful achievement amid capital outflows from major cryptocurrencies. XRP’s total assets under management currently average $2.6 billion, with year-to-date inflows reaching $151 million.

In contrast, institutional sentiment toward market leader Bitcoin (BTC) has rapidly cooled. Last week, $215 million flowed out of Bitcoin-linked financial products, while its price dropped below $65,000. CoinShares noted that while Bitcoin is leading the market’s negative sentiment, short-Bitcoin investment products attracted $5.5 million in inflows, reflecting the highest level of short-bet interest among digital assets. Ethereum (ETH) also suffered $36.5 million in outflows, continuing to experience sustained capital withdrawals.

In the derivatives market, which provides insight into retail investor trends, XRP is maintaining relative stability. According to CoinGlass data, open interest in XRP futures rose slightly from $2.33 billion the previous day to $2.4 billion. Since the sharp decline on February 16, open interest has consistently remained above $2.32 billion. This steady increase suggests that as market confidence in XRP recovers, traders are beginning to take on risk again, raising the possibility of a short-term rebound.

Technical indicators show a tug-of-war between short-term recovery and long-term downward pressure. On the daily chart, the MACD line remains above the signal line, supporting the defense around the $1.40 level. However, the shrinking green histogram bars indicate that upside momentum may be limited. Additionally, the daily 14-day Relative Strength Index remains at 39, well below neutral territory, warning that the overall technical structure is still leaning bearish.

Long-term trend indicators—including the 50-day exponential moving average at $1.66, the 100-day EMA at $1.87, and the 200-day EMA at $2.09—are all sloping downward, adding to downside pressure. If bearish momentum persists, XRP could fall below its intraday low of $1.33 to test the October 10 support level at $1.25. Conversely, if investor sentiment improves and buying pressure returns, XRP may attempt a gradual climb toward the $1.54 supply zone, signaling a potential trend reversal.

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