The cryptocurrency market is once again retreating faster than a cat in a room full of vacuum cleaners. As of this week, Bitcoin (BTC) has managed to drop to a new local low, falling below $63,000. As usual, the altcoins are following suit, with Ripple‘s cross-border token, XRP, joining the mass exodus.
Now, if you’re wondering why XRP is down by 4.5%, you could blame the general chaos in the ecosystem, where over $150 billion decided to take an extended vacation from the market within a mere 36 hours. But wait, there might be something more sinister at play here.
ETFs: The Ghost of XRP’s Future?
It appears that XRP’s would-be investors are hiding under their beds at the moment. Data from SoSoValue suggests that those who sought exposure to XRP via the Spot Ripple ETFs in the US have gone on a conspicuous holiday. In fact, half of last week’s trading days had no inflows to report, and that streak continues, much to everyone’s surprise, on February 23rd.
If you enjoy a good laugh, here’s the kicker: three of the last five trading days had a rather emphatic “$0.00” next to the daily net inflows. Yes, zero. Zilch. Nada. So, the grand total of net inflows since the ETFs made their debut in mid-November has stayed perfectly flat at a modest $1.23 billion.
This is a stark contrast to the ETFs’ early days when they blazed past the $1 billion mark within a month. It seems that excitement has died down faster than a soda left open in the sun.
XRP: A Price Drop or a Temporary Nap?
XRP, as mentioned, has taken a dip of over 4.5% in the last 24 hours. It’s also down 8% for the week and a staggering 30% for the month. But hold your horses-XRP is fighting tooth and nail to stay above the $1.30 mark, and this struggle has left prominent analyst CryptoWZRD proclaiming that, yes, XRP did indeed close bearish yesterday. Riveting.
However, fear not, for CryptoWZRD has a “positive” outlook. They noted that the XRP/BTC trading pair has shown signs of being “bullish,” which, according to them, means XRP might actually gain ground against Bitcoin (because who wouldn’t want to bet on the underdog?).
Meanwhile, Merlijn The Trader chimed in yesterday, proudly stating that XRP is “holding structure while alts bleed.” He had his eyes on the $1.36 support level, but alas, XRP couldn’t keep its balance and fell below it.
But wait, there’s more! Merlijn believes XRP is not just another speculative altcoin anymore. Oh no. It’s maturing into something more sophisticated, something far more respectable-an infrastructure token. Yes, that’s right, it’s now got “real utility narratives” backing it up, like payments, tokenization, and on-chain settlement rails. You know, the kinds of things that make traditional finance people twitch with excitement.
“We are talking about payments, tokenization, on-chain settlement rails, and growing real-world activity on XRP.”
XRP IS HOLDING STRUCTURE WHILE ALTS BLEED.
Support: $1.36
Range high: $1.60 (no breakout yet)
This isn’t hype price action. It’s infrastructure positioning:
Payments
Tokenization
Settlement rails
Utility takes time to price in.
Accumulation comes before expansion.
– Merlijn The Trader (@MerlijnTrader) February 23, 2026
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2026-02-24 15:22