Bitwise Breaks XRP ETF Silence as Price Battles Critical 200-Week Average vs Bitcoin

On the crypto derivatives market, a rare anomaly has been recorded. While the $XRP ETF sector has shown “zero” activity for the second consecutive day, a fund from Bitwise Asset Management alone delivered inflows of $2.42 million according to SoSoValue. This isolated spike in interest is occurring at a moment when the $XRP/$BTC chart has touched its fundamental boundary.

While giants like BlackRock and Fidelity Investments continue to vacuum up the Bitcoin market, spot $BTC ETFs have closed their seventh consecutive day in the green, with yesterday's inflows exceeding $85 million for select funds alone. In contrast, the Ripple ecosystem is experiencing a lull.

Lone bet on $XRP's survival

The only exception is Bitwise. Against a backdrop of absolute zeros among competitors, its $XRP fund continues to methodically accumulate assets, ignoring the overall passivity of issuers. This may indicate a targeted entry by a large strategic investor that prefers $XRP specifically through the Bitwise structure.

Total $XRP Spot ETF Net Inflow, Source: SoSoValue

The intrigue is reinforced by $XRP's position on the chart against Bitcoin. Right now, the pair is trading around the 200-week moving average, a key indicator of the long-term trend. A move below this line could signal $XRP's capitulation against Bitcoin and a transition into a prolonged depression phase.

$XRP/$BTC price chart with 200-week MA (red), Source: TradingView

Holding this level amid inflows into the Bitwise ETF creates conditions for a spring-loaded rebound. Historically, $XRP has often begun its most aggressive growth cycles precisely after touching long-term moving averages.

While the majority of capital remains focused on Bitcoin's stable seven-day rally, select institutional players are accumulating $XRP at a critical technical level. The next few trading sessions will determine whether the $2.4 million inflow becomes a precursor to a reversal or was an attempt to catch a falling knife.