XRP price prediction amid RLUSD stablecoin and ETF tailwinds

$XRP price remained on edge today, September 10, as the recent crypto market rally stalled. Ripple token dropped to $1.3905, down modestly from this month’s high of $1.6975. This retreat happened even as the $XRP ETF inflows jumped and the Ripple USD ($RLUSD) growth continued.

$XRP ETF Inflows are Soaring

American investors have continued accumulating $XRP ETFs this year, a sign that they expect it to do well. These ETFs experienced over $12.9 million inflows on Wednesday, with most of them flowing to Bitwise’s $XRP and Grayscale’s GXRP. These funds have had cumulative inflows of over $1.7 billion, with their net assets being at $1.5 billion.

$XRP ETFs have now had $27 million inflows this month after adding $159 million in the previous month. They have also had inflows in all months but one since their inception in November last year.

Wednesday’s inflows happened on the same day that spot Bitcoin ETFs shed over $170 million in assets. It also happened as investors embraced a risk-off sentiment as the bond market crashed.

The Dow Jones and Nasdaq 100 indices dropped by over 1% as the ten-year yield jumped to the highest level in over three years.

Ripple USD growth is continuing

Fundamentally, the $XRP Ledger network is doing modestly well. For example, the total value locked (TVL) in its ecosystem has jumped to $41 million from last month’s low of $29.5 million.