XRP Demand Jumps with 73M Tokens Stacked, What’s Next for XRP Price?

Key Insights:

• XRP price faced pressure despite $73.2 million in net inflows into US spot XRP ETFs during the week of August 24.
• Ripple coin utility remains important as XRP Ledger lending adds to the network’s potential use cases.
• XRP also faced pressure after another high-leverage long position was liquidated.

The XRP price remained under pressure despite fresh demand, as US spot XRP ETFs recorded about $73.2 million in net inflows during the week of August 24. This inflow shows a stronger buying interest in the Ripple Coin.

XRP Demand Rises as ETF Inflows Reach $73.2 Million

Demand for XRP has picked up even as the XRP price has struggled to hold higher levels. US spot XRP ETFs recorded roughly $73.2 million in net inflows during the week of August 24, according to data shared by Ali Charts.

The figure points to a clear increase in demand for the asset via regulated investment products. In simple terms, about $73.2 million worth of XRP exposure was added through US spot ETFs during the week.

This is important because the move came while XRP was still facing pressure in the market. At the time of the data, XRP was trading at about $1.37, with a 24-hour gain of 0.94%. Its market cap stood at roughly $86.22 billion, while trading volume reached $2.72 billion.

The rise in ETF demand could support the XRP price if the buying interest continues. More sustained demand can improve market valuation by increasing the number of buyers willing to gain exposure to the asset.

However, the ETF inflows alone do not guarantee an immediate price increase. XRP still has to deal with selling pressure and leveraged positions in the wider market. The recent price action showed that demand and short-term market pressure were moving in different directions.

For the Ripple coin, the latest ETF figure therefore gives the market a reason to watch demand closely. If inflows remain strong in the coming weeks, traders could see it as a sign that interest in XRP is becoming more consistent.

XRP Ledger Utility Could Add Demand for Ripple Coin

Beyond ETF activity, utility remains an important part of the longer-term case for XRP. XRP Ledger lending is one area that has drawn attention as the network develops more financial use cases.

The broader point is that demand for the Ripple coin does not have to come only from traders looking for a price move. Network-based activity can create another reason for users to hold or use XRP.

That distinction matters for the XRP price. A market driven mainly by speculation can see sharp moves when traders change their positions. Utility, on the other hand, can provide an asset with an additional source of demand when people use the network for financial activities.

Still, the latest information provided does not give a figure for the extent of demand XRP Ledger lending has created. It would therefore be too early to claim that lending has already produced a major boost for XRP valuation.

What is clear is that utility remains part of the discussion around XRP. If more activity develops around the XRP Ledger, it could strengthen the case for the Ripple coin beyond its role as a traded crypto asset.

High Leverage Flush Adds Pressure on XRP Price

While demand was rising through spot XRP ETFs, the derivatives market faced another setback. A high-leverage long position on XRP was liquidated again, according to the market update shared by CW.

A liquidation happens when a leveraged trader is forced out of a position after the market moves against them. In this case, the liquidation of a long position added another sign of pressure around XRP.

This matters because leverage can make price moves sharper. When traders take large long positions with borrowed exposure, a decline can force those positions to close. That can add selling pressure and make it harder for the XRP price to recover quickly.

Meanwhile, market data also showed about $58.89 million linked to crypto activity and 973 exchanges in the reported figures. XRP had a circulating supply of about 62.74 billion tokens, against a total supply of 99.98 billion and a maximum supply of 100 billion.

Notably, the next major question is whether fresh demand can remain strong enough to offset selling pressure and support a more stable XRP price.

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