XRP Records 100% Uptick in U.S. ETFs, but 105-Day Sideways Drift Blocks Price Breakout

By May 20, daily inflows into U.S. spot XRP ETFs almost doubled, rising from $730,400 to $1.48 million. According to SoSoValue data, this localized spike was driven entirely by Franklin Templeton's XRPZ fund. All other issuers, including market leaders Bitwise and Canary Capital, ended the day with zero capital movement.

As a result, cumulative net inflows across all funds reached $1.39 billion, while total net assets under management climbed to $1.12 billion, representing 1.34% of XRP's market capitalization.

Total XRP Spot ETF Net Inflow in May 2026, Source: SoSoValue

The main catalyst behind Franklin Templeton's targeted activity is believed to be the recent political development in Washington. Just days ago, the U.S. Senate Banking Committee approved the Digital Asset Market Clarity Act with bipartisan support in a 15-9 vote.

For institutional investors, this serves as a direct signal of declining regulatory risk. The bill not only moves XRP further away from constant legal uncertainty by reinforcing its status as a digital commodity, but also opens the door for the legal use of the Ripple USD stablecoin in interbank cross-border settlements.

Don't expect a breakout just yet

On the spot market, this jump in daily ETF liquidity is taking place during an extended period of stagnation. According to the TradingView chart using Bollinger Bands, XRP price has remained trapped inside a tight sideways range for 105 days, fluctuating around $1.36.

Historically, prolonged consolidation phases are common for this asset, with the previous accumulation cycle lasting a record 915 days. Current price action suggests that relying solely on localized inflows from Franklin Templeton and expecting an immediate breakout may be premature.