XRP Faces Capitulation as ETF Inflows Plunge 93% Amid Heavy Realized Losses

XRP is undergoing a severe market downturn as institutional interest appears to be cooling rapidly. Recent data indicates that inflows into XRP ETFs have collapsed by 93%, coinciding with a sharp price capitulation. On-chain metrics reveal that investors are increasingly moving assets at prices below their initial purchase points, signaling significant realized losses across the network. This shift suggests that the market is moving away from broad sentiment-driven narratives toward more technical fundamentals. Specifically, cost basis and leverage levels are now becoming the primary drivers of price action for the token. Analysts suggest that the lack of immediate buying support could lead to a prolonged period of price repair or a reset in market structure.