
XRP’s early‑2026 jump — driven by spot ETF inflows and regulatory shifts — raises a key question: can ETF capital and a friendlier policy mix deliver a lasting market‑share gain? This article breaks down mechanics, on‑chain supply, and scenarios for sustainability.

XRP is sending mixed signals: large exchange outflows suggest tightening supply, while CoinShares' ETF withdrawal and weak ETF demand raise institutional doubts. Traders and portfolio managers must weigh on‑chain flows against ETF dynamics and model-based optimism.