Ripple’s $XRP price has lost momentum after rallying alongside the broader cryptocurrency market. The altcoin is trading at approximately $1.38, down more than 8.50% over the past seven days.
Despite the pullback, substantial inflows into spot Ripple ETFs this month suggest that bullish investors may be positioning for an $XRP supercycle. However, whale sentiment remains divided, with major traders taking both long and short positions.
Spot $XRP ETFs record nine consecutive days of inflows
Spot $XRP ETFs recorded nine consecutive days of inflows, including an August single-day high of $28.14 million. The products attracted more than $153.54 million during the streak, bringing total monthly inflows to approximately $157 million.
With one day remaining before the month ends, $XRP ETFs are on track to record their third-best month since launch. Combined net inflows now represent 1.63% of the altcoin’s circulating supply.
Source: SoSoValue
Over the past 24 hours, spot $XRP ETFs recorded $26.20 million in net inflows. Bitwise led the group with $11.17 million, followed by Canary with $3.71 million, Franklin with $2.17 million, and 21Shares with $1.95 million. Grayscale recorded no activity.
Whales remain divided over the $XRP price outlook
Although spot Ripple ETF inflows point to the possibility of an approaching $XRP supercycle, large traders remain unconvinced. Data on the largest positions from Hyperliquid Wallet Analysis shows that some whales are betting on further gains while others are shorting the token.
One whale has an unrealized profit of $8.89 million after purchasing 35 million $XRP with 10x leverage, for a position valued at $48.46 million. The liquidation price was $0.9364, and the position was showing a profit of more than 18%.
Other long positions in the list were valued at $12.41 million and $9.27 million, both using 20x leverage.
Source: CoinGlass
In contrast, another whale opened a short position on 11.06 million $XRP valued at $15 million, using 5x leverage. The top 30 positions on Hyperliquid DEX were predominantly short, and most were profitable unless their entry price was below $1.38.
Whale positioning indicates that major market participants have yet to reach a consensus on the potential for an $XRP supercycle.
What do bulls need to do to trigger an $XRP supercycle?
On the charts, $XRP was trading above a descending trendline and had formed a moving-average cross involving its 20-day and 50-day moving averages. However, the price is approaching those moving averages after falling from a peak of $1.70 to $1.38.
Transaction volume is averaging 814.35 million $XRP, well below this year’s peak of 3.752 billion $XRP. At the same time, Bull Bear Power (BBP) bars were declining, pointing to weakening momentum.
Source: $XRP/USDT on TradingView
For the potential supercycle to remain intact, bulls must hold the price above the moving-average cross at $1.10. The current correction could represent a pause before the broader rally resumes.
Final summary
Spot $XRP ETFs recorded nine consecutive days of net inflows, lifting total monthly inflows to $157 million.
Although $XRP was trading at $1.38, the potential supercycle remained intact unless the price fell below $1.10.
