Amid a sharply tightening macroeconomic climate, the Ripple (XRP) spot ETF has demonstrated capital flows that diverge starkly from mainstream assets. The XRPZ product from Franklin Templeton (BEN.US) stands as the sole driver of this contrarian performance, with its capital absorption appearing especially prominent at a time when Bitcoin and Ethereum funds are experiencing massive redemptions, revealing a structural preference among institutional investors for specific sectors.
This capital divergence reached a notable peak on September 16. Data compiled by Woofun AI shows that the Ripple ETF recorded net inflows of $3.5 million on that day, corresponding to the purchase of 2.71 million XRP tokens, with zero outflows occurring. In contrast, Bitcoin and Ethereum-related funds collectively witnessed $1.11 billion in capital exodus. Currently, cumulative inflows into the Ripple ETF have reached $1.72 billion, with total net assets climbing to $1.4 billion.
Significantly, this robust inflow materialized against the backdrop of two major negative catalysts: the failure of the CLEAR Act vote and the Federal Reserve's announcement of its first interest rate hike in three years. Data statistics from SoSoValue confirm that it was precisely the XRPZ product from Franklin Templeton (BEN.US) that absorbed all of the new capital, indicating institutional confidence in the Ripple ecosystem's independence from the macro tightening cycle, or at least recognition of its short-term safe-haven attributes.
The divergence between fundamentals and technicals has amplified market uncertainty. Ripple has upgraded the XRP Ledger AI Starter Kit to support a machine payment protocol developed jointly by Stripe and Tempo, allowing AI agents to automatically pay service fees using XRP and RLUSD, while also introducing an open wallet standard to enable unified management of multi-chain wallets. Jazzi Cooper, product lead at RippleX, emphasized on the X platform that XRP and RLUSD remain the preferred solutions regardless of where developers are located. Additionally, Ripple simultaneously supports the x402 network payment standard launched in June, providing developers with dual payment collection pathways.
Polymarket predictions regarding September price movement indicate the market is in a balanced adjustment phase, stemming from resistance encountered after the breakout above $1.00 at the end of August. However, technical signals have issued warnings: XRP had previously relied on support in the $1.30 to $1.32 range for most of September, but has now broken below that zone and pulled back significantly. The current price is testing the support band between $1.26 and $1.28, which marks the starting point of the late-August breakout above $1.00. The Relative Strength Index (RSI) has declined to 46.29, touching the low seen before the breakout; the 20-day simple moving average sits at $1.3447, having transitioned from support to resistance. If current support holds, the $1.40 target remains achievable; should it fail, the price could descend toward $1.20.
Regarding related assets, Benjamin Cowen, drawing on Bitcoin's historical cycle patterns, has indicated that after the appearance of a "golden cross" signal, Bitcoin (BTC) prices could pull back to the $70,000 to $75,000 range. This projection aligns with current expectations of tightening macro liquidity, further highlighting the anomalous nature of the Ripple ETF's capital inflows.