XRP ETF Inflows Surge to Record Highs, Targeting $1.70 Resistance

XRP has recently experienced a notable surge, touching approximately $1.70 around August 22, marking its best weekly gain since late 2024. This rally is attributed to substantial institutional investments in spot XRP exchange-traded funds (ETFs), which recorded net inflows of $110.49 million during the week ending August 28, the highest weekly total for 2026.

The cumulative inflows for XRP ETFs have now reached about $1.66 billion, setting a new all-time record for this product class, which was launched in November 2025. The Bitwise ETF led the charge, attracting around $59.95 million during the peak week, while Franklin Templeton contributed approximately $28.7 million. Together, these funds accounted for the majority of the weekly inflows, bringing total net assets across all XRP ETFs to around $1.44 billion.

Analysts have identified $1.70 as a critical resistance level for XRP. After reaching this point, the token experienced a pullback, yet the influx of ETF investments remained strong. This divergence is seen as a bullish signal, suggesting that the price correction is due to short-term profit-taking rather than a fundamental shift in market sentiment.

The resolution of the SEC lawsuit against Ripple and subsequent ETF approvals in late 2025 have opened new avenues for XRP, leading to a significant increase in institutional interest. Traders are now focused on whether XRP can successfully retest and hold above the $1.70 level. A strong breakout above this resistance, particularly with continued ETF inflows exceeding $100 million per week, could pave the way for a move towards the $2.00 mark.