XRP ETFs Just Had Their Best Week of 2026. So Why Is the Price Still Falling?

Two numbers are telling opposite stories about XRP right now. US spot XRP ETFs took in $110.49 million in the week ending August 28, their strongest week of 2026, pushing cumulative inflows to roughly $1.66 billion. Over the same stretch, XRP drifted down toward $1.38. Institutions are buying. The price is not cooperating.On September 15, the US Senate holds a procedural vote that could explain which of those two signals is telling the truth.Why are XRP ETF inflows hitting records while the price falls?The inflow streak is real, and it is not a one-week spike. Spot XRP funds have logged nine consecutive sessions of net inflows, and Q2 filings show Goldman Sachs, Jane Street and Millennium among the largest professional holders. Open interest in CME XRP futures jumped 36%, lifting CME's share of the futures market to around 17%. That is the profile of institutional positioning, not retail speculation.Supply is tightening on the other side too. $XRP balances on Binance, Upbit and Bithumb have fallen by roughly 240 million tokens since late May.So why is the price flat to down? Partly because $110 million a week is small against XRP's daily spot turnover. Partly because money arriving...