XRP ETFs attract $153M in 9 days – Is supercycle still alive?

After Ripple [XRP] rallied alongside the broader crypto market, the momentum has cooled off. The altcoin’s price is trading at around $1.38, down over 8.50% in the past 7 days.

However, this month’s massive inflows of Spot Ripple ETFs suggest that bulls could be shaping up for an XRP supercycle. But whales remain divided on their price projections.

Spot XRP ETFs log 9 straight days of inflows

Spot XRP ETFs logged 9 consecutive days of inflows, with the largest single-day inflow for August being $28.14 million. In total, the products have attracted capital in excess of $153.54 million during the streak. As a result, the total for the month now stands at $157 million.

With a day still left before the month’s close, XRP ETFs are on track for their third best month since launch. Collectively, XRP ETF net inflows account for 1.63% of the altcoin’s circulating supply.

In the past 24 hours, XRP ETFs recorded $26.20 million in net inflows, with Bitwise’s product leading with $11.17 million. Canary, Franklin, and 21Shares followed with $3.71 million, $2.17 million, and $1.95 million, respectively. Grayscale had no activity.

Whales’ positioning is divided on XRP price projections

While Spot Ripple ETF inflows suggest a looming XRP supercycle, whales are still unconvinced. Some are going long while others are shorting the token, according to the largest positions using the Hyperliquid Wallet Analysis.