For the ninth consecutive week, the exchange-traded funds tracking the popular cross-border token were in the green, attracting nearly $19 million, similar to the previous week.

The cumulative total net inflows hit another all-time high, but the underlying asset continues to struggle with its breakout attempts as its mid-August rally came to a halt.

Another ATH

During the last full week of August, the spot XRP ETFs marked their best performance since early December 2025, attracting $110.49 million. This followed another impressive week, in which the net inflows neared $40 million.

The inflows slowed down at the start of September but remained well in the green. Although there was still a single day in the red for the first time in a month, the funds gained $18.96 million during the week that ended on September 4. The next one, which was just four business days long, saw similar inflows of $18.98 million.

The numbers on Tuesday were quite modest, with just $1.55 million. However, Wednesday brought $12.29 million, followed by another $5.14 million on Thursday. Interestingly, Friday was a no-action day, according to data from SoSoValue, with net flows of $0.00. This was rather unexpected given the massive market turbulence that day, but more on that later.

Ultimately, the XRP ETFs reached another all-time high of $1.7 billion. Bitwise’s XRP fund, which recently surpassed $500 million in assets, has extended its cumulative net inflow lead – $608 million compared with $490 million for Canary Capital’s XRPC.

Spot XRP ETF Inflows. Source: SoSoValue XRP Still Struggles

The underlying asset exploded during the market breakout between August 19 and 22, skyrocketing by 70% in less than 72 hours. It jumped from $1.00 to $1.70, where it was rejected and driven south hard, despite the positive ETF flows.

It tried to take down the crucial $1.40 resistance in the past week, only to be halted again. On Friday, it went through a wild two-hour ride after the release of the CPI numbers. It went from $1.36 to $1.32 before it soared to almost $1.45. However, it was stopped once again, and now struggles below $1.40.

Crypto analysts are now split on its short-term potential. Ali Martinez, for instance, warned that whales have started to secure profits, while the network activity has dumped hard, which could lead to another leg down. In contrast, Celal Kucuker outlined a pattern that previously led to a 600% surge and suggested that it could run it back.

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