XRP breakout targets $1.70 as ETF inflows hit 2026 high

XRP touched roughly $1.70 around August 22, logging its best weekly gain since late 2024. The catalyst wasn’t a tweet or a meme. It was money, specifically the institutional kind, pouring into spot XRP exchange-traded funds at a pace that 2026 hadn’t seen until now. Spot XRP ETFs pulled in $110.49 million in net inflows during the week ending August 28. That figure represents the highest weekly total this year and pushed cumulative inflows to approximately $1.66 billion, a fresh all-time record for the product class that only launched in November 2025. The ETF engine behind the rally Bitwise led the charge with about $59.95 million flowing into its XRP fund during that peak week. Cumulatively, the Bitwise product has attracted nearly $600 million since inception, making it the dominant vehicle for institutional XRP exposure. Franklin Templeton’s offering contributed roughly $28.7 million during the same stretch. Together, these two funds accounted for the lion’s share of the weekly total. Total net assets across all XRP ETFs now sit around $1.44 billion. XRP ETFs have absorbed more than 1.5% of the token’s total circulating supply since they went live less than a year ago. Technica...