Bitcoin and Ethereum are falling... Why is money flowing only into XRP?

▲ XRP (Ripple) ETF ©

While large-scale fund outflows continue from Bitcoin spot ETFs and Ethereum spot ETFs, XRP alone continues to attract funds, acting as a market support.

According to investment media FXStreet on May 22 (local time), the cryptocurrency market is under bearish pressure amid a widespread risk-off sentiment. Bitcoin (BTC) is holding the $77,000 level, but upward momentum is limited, and Ethereum (ETH) and XRP (Ripple) are also showing trends that have not fully escaped selling pressure.

Bitcoin spot ETFs recorded a net outflow of $101 million in a single day on the 22nd, marking five consecutive trading days of fund outflows. The cumulative net inflow decreased slightly to $57.19 billion from $57.29 billion the previous day, and the net asset value also decreased to $101.06 billion. The media diagnosed that if fund outflows continue, Bitcoin could fall to the $70,000 support level.

Ethereum spot ETFs also recorded net outflows for nine consecutive trading days. Institutional investors withdrew approximately $33 million in a single day, and the net asset value was estimated to be around $12.21 billion. The price of ETH is trading near $2,125, remaining below the 50-day, 100-day, and 200-day Exponential Moving Averages (EMA). The Relative Strength Index (RSI) has fallen to the mid-30s, and the Moving Average Convergence Divergence (MACD) also continues to show a bearish trend.

In contrast, XRP spot ETFs recorded a net inflow of $8.88 million on the same day, showing a clear differentiation. The scale of fund inflows significantly increased compared to $1.45 million the previous day, and according to SoSoValue data, US-listed XRP spot ETFs have not experienced a single net outflow since May. Cumulative net inflows totaled $1.39 billion, and the net asset value was estimated to be approximately $1.15 billion.

In terms of technical trends, Bitcoin is holding above the 50-day and 100-day EMAs but has not been able to break through the 200-day EMA resistance of $81,632. XRP is trading near $1.36, and whether it can break through the $1.40 resistance line and the 50-day EMA has been identified as a key variable for a short-term rebound. Both RSI and MACD remain in bearish territory, so the market is wary of increased volatility for the time being.

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