The US consumer price index released on October 14 came in hotter than analysts expected, reviving concerns that the Federal Reserve may keep rates higher for longer. That macro shock dragged risk-on assets lower, and the cryptocurrency market followed suit, with major tokens sliding across the board.

XRP price action and fund flows

Over the same 24-hour window, XRP’s market price dropped roughly six percent, leaving the token trading about 64% beneath its July 2025 peak of $3.65. The price decline occurred even as spot exchange-traded funds (ETFs) that hold XRP recorded net inflows of approximately $740,000. Those inflows extend a streak of thirteen weeks in which the funds have added net capital, a run that began after a brief outflow week on July 10.

Cumulative additions to XRP-focused ETFs have now topped $1.80 billion, a record for the product line. However, the pace of new money has slowed from a late-September high, when the week ending September 25 saw $75.6 million flow in, followed by weeks with $4.7 million and $11.3 million respectively.

Fund asset values versus inflows

Because ETF share prices move with the underlying token, the total net asset value of XRP funds fell from $1.77 billion on September 25 to $1.51 billion after the recent price dip, even though investors continued to add cash. The decline in asset size partially offsets the impact of fresh inflows, illustrating the tension between demand for the fund vehicle and the spot market’s price pressure.

Whale deposits to Binance

Data from Binance shows that the amount of XRP moved into large-holder wallets reached 1.669 billion XRP, the highest level in seven months. This figure slightly exceeds the roughly 1.65 billion XRP observed in September. While the movement suggests a larger pool of tokens could become sellable, it does not prove that owners are actively liquidating; the transfers may simply reflect internal re-balancing or usage of other Binance services.

Broader crypto fund outflows

The same day that XRP’s price slipped, funds tracking Bitcoin, Ethereum, Solana and the Hyperliquid protocol together shed close to $400 million in net assets. The contrast highlights how macro-driven risk aversion can simultaneously depress spot prices while still allowing niche products like XRP ETFs to attract capital.

Outlook

The key question for XRP will be whether the broader market stabilises after the CPI shock. If sentiment improves and whale-level deposits do not translate into large-scale selling, the ongoing fund inflows could eventually support the token’s price. Conversely, continued macro-driven selling pressure may keep XRP under strain despite the steady stream of money into its ETFs.

Why it matters

XRP’s divergence—price weakness paired with persistent ETF demand—offers a micro-cosm of the larger crypto ecosystem, where investor sentiment, macroeconomic data, and fund mechanics intersect. Monitoring how fund inflows interact with spot-market dynamics will be essential for gauging the resilience of both XRP and other token-specific investment products in a volatile macro environment.