WikiBit 2026-05-17 01:59Seven US XRP spot ETFs now hold 881.52M XRP worth over $1.2B, nearly 1% of total supply removed from open market circulation. Weekly ETF inflows hit
XRP trades at $1.4156 on May 16, fading below all four EMAs after the CLARITY Act cleared the Senate Banking Committee 15-9 and sent the token to $1.55 before sellers stepped in, as ETF products quietly absorbed their biggest weekly inflow of the year.
XRP Daily Chart: SAR Flips Bearish After the CLARITY Act Spike
XRP spiked to $1.55 on the CLARITY Act news before reversing sharply. Price is now trading at $1.4156, below all four EMAs and with the SAR flipping bearish at $1.5501, sitting above the current price for the first time since early May. That SAR flip is the charts clearest near-term signal. Until price reclaims $1.4922, the 100 EMA, on a daily close, the path of least resistance is lower.
The 20 EMA at $1.4247 and 50 EMA at $1.4180 are both just above current price, acting as immediate overhead resistance rather than support. Below price, the symmetrical triangle breakout base near $1.40 is the first meaningful support, followed by $1.35, where the triangles prior structure sits.
XRP Key levels for May 16 and May 17:
881 Million XRP Sitting Inside ETF Vaults
Seven US XRP spot ETFs now collectively hold 881.52M XRP, nearly 1% of the entire circulating supply, locked inside regulated products and effectively removed from open market liquidity. Combined AUM has crossed $1.2B with cumulative ETF inflows surpassing $1.39B since launch.
The week ending May 15 was the strongest of 2026, with $60.5M in net inflows versus $34.21M the prior week. Daily inflows on May 15 came in at $10.87M with Bitwises XRP ETF leading at $6.90M. Total net assets across all five products sit at $1.18B. As CryptoSensei noted, ETF vaults absorbing nearly 1% of XRP supply means liquid market supply is shrinking as institutional demand keeps building through regulated channels, a setup that tightens available float over time.
Related: Ethereum Price Prediction: February Accumulators Are Selling Into the Dip as ETH Drops 5.5%
XRP Derivatives: Volume Collapses, Longs Dominating But Getting Hurt
Volume dropped 41.19% to $3.72B while open interest fell 7.07% to $2.85B. Both declining sharply after the CLARITY Act spike confirms that the event-driven positioning is unwinding. Retail on Binance holds a 3.329 long ratio, OKX shows 3.37, and top traders on Binance sit at 3.817 by accounts. That level of long concentration after a failed breakout is the setup that leads to cascading liquidations.
Over 24 hours, $11.78M in longs were liquidated against just $139.90K in shorts. Longs absorbed 84 times more pain than shorts. Bears are not being squeezed here. Overleveraged longs chasing the CLARITY Act spike are getting cleaned out on the way back down.
XRP Price Prediction: Upside and Downside for May 16
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