XRP ETFs End 13-Week Inflow Streak as On-Chain Payments Flash a Warning

U.S. spot XRP exchange-traded funds posted their first weekly outflow in three months, ending a 13-week inflow streak. The shift came in the October 1216 week, per SoSoValue. The reversal was small, but a sharp drop in on-chain activity has added to the caution around the token. A Modest Reversal in XRP ETF Demand A net outflow occurs when investors withdraw more money from a fund than they add over a given period. According to SoSoValue, the XRP ETFs recorded about $1.84 million in net withdrawals. That is a modest figure for products of this size. The outflow followed 13 consecutive weeks of inflows, which made the reversal stand out. Cumulative net inflows still stood near $1.8 billion as of mid-October, according to SoSoValue data. Early in the week, the funds were largely flat. They then took in about $740,000 on Wednesday before slipping into negative territory. Fridays larger redemption of roughly $2.47 million tipped the weekly total into the red. Much of it was attributed to Canary Capitals XRPC product. Without that redemption, the week would have closed with a net inflow of roughly $630,000. XRP Spot ETF Weekly Performance. Source: SoSoValue Still, the timing is sensitive. According to BeInCrypto data, XRP trades near $1.28, down 1.60% over the last 24 hours. It has also moved about 6.3% over the past month. Price is testing support near $1.30 after failing to hold above key moving averages. Is Weaker On-Chain Activity a Warning Sign? At the same time, XRP Ledger payment volume fell to 119.5 million XRP on October 17, according to XRPSCAN. That marks a 72.3% single-day drop and sits well below the 30-day average of 629.3 million XRP. The drop happened in one session, which underscores how quickly activity can change. The networks all-time high stands near 7 billion XRP, according to XRPSCAN data. Payment volume has historically shown high volatility, with frequent short-lived spikes followed by sharp pullbacks. XRP Payment Volume From One Account to Another. source: XRPSCAN Analysts note that a single weak day does not necessarily signal a structural decline in network usage. However, if payment activity stays suppressed and ETF flows remain negative or muted, the short-term outlook could weaken. Watching whether activity recovers over the next few sessions will matter more than any single reading. For now, the first ETF outflow in 13 weeks and a sharp drop in payment volume point to cooling demand. Both institutional and network-level activity have softened, at least for the moment.