Ripple is confident that the strong institutional adoption could drive U.S spot XRP ETFs to JPMorgan’s target of $4 billion to $8.4 billion in inflows.
In a recent report, the blockchain firm noted that the products crossed $1 billion in inflows in the first month of their debut. Now, the wrapped products have seen cumulative inflows of over $1.50 billion and amassed over 769 million XRP.
Over 30 institutions, including Goldman Sachs, have exposure to the altcoin via the ETF wrappers.
Interestingly, the XRP ETF products held these inflows despite the broader pullback since October. Commenting on institutional stickiness despite the volatility, Ripple said,
It suggests institutions are making considered allocation decisions, not chasing short-term momentum.
On this backdrop, Ripple believes that JPMorgan’s projection is that XRP ETFs could attract $4-$8 billion of inflows in the first year. Since the first product debuted in November, via Canary Capital’s XRPC, that would leave seven months to verify the projection.
If the base case of $4B in inflows is hit, that would translate into a 3.15x growth from the current $1.27 billion.
XRP ETF sees highest weekly inflows since mid-January
That said, last week, the Spot XRP ETFs saw $55.4 million inflows, the highest weekly inflows since mid-January. This lifted the altcoin from $1.31 to a high of $1.5, marking over 14% gain.
However, at the time of writing, the altcoin gave back some of the gains and traded at $1.4.
Worth pointing out that Realized Cap, a key metric that tracks capital inflows into a token, also reinforced the positive projection shared by Ripple.
According to Glassnode data, XRP has seen $4 billion in outflows, which began in February.
Assuming the market has seen its bottom, this would be the lowest outflows compared to past bear markets. Notably, during the 2018 pullback, the altcoin bled $7 billion as Realized Cap dropped from $23B to $16B. For the 2022 crash, it dropped from $34B to $26B, marking a $8 billion in outflows.
As such, the 2026 pullback was twice as low as the capital exit seen in 2022. In other words, XRP was showing relative resilience this cycle. For Ripple, the ‘institutional era has begun’ and would only continue from current levels.
But it remains to be seen whether XRP will remain resilient in case the market sentiment worsens further.
Final Summary
- Ripple was positive that spot XRP ETFs inflows could grow 3x to $4 billion by the end of 2026
- The altcoin saw over $4 billion in capital outflows in 2026, but this was still low compared to past bear markets.
