XRP ETFs just posted their first red week after 9 straight weeks of inflows, ending a run that had added roughly $196 million to the asset. The shift wasn’t gradual, it was driven by a single-day outflow of $7.29 million, enough to tip the week negative. What stands out is that even as flows turned lower, XRP’s spot price barely moved. After a modest recovery on July 11, the token still remained locked in a tight range. That leaves a clear disconnect: momentum softened in ETF flows, but the price structure has not broken down.

XRP’s price holds tightly between the visible $1.09 support and $1.10 resistance. The final price, $1.1019, presses that upper band, showing the asset stayed pinned even as ETF momentum reversed.

That pin shows this is a flow-momentum story, not a collapse in the underlying asset. Despite the streak breaking and a visible outflow, buyers and sellers kept XRP range-bound, and XRP only recovered modestly after the red week. So what matters next isn’t just whether outflows continue, but whether positioning shifts enough to move XRP out of that holding pattern. If inflows don’t return, this loss of ETF momentum could become harder for spot price to ignore.

XRP ETFs logging their first red week after that inflow streak is the pivot that could set tomorrow’s tone.