XRP Reclaims $100 Billion Market Cap as ETF Inflows and Whale Activity Increases

What to Know

• XRP crossed the $100 billion valuation mark as its price climbed toward $1.65, though the milestone proved difficult to hold.
• Spot XRP ETFs attracted $13.03 million in net inflows, with one fund accounting for nearly all of the daily total.
• Santiment recorded 1,917 large XRP transactions and 3,647 new wallets, reflecting increased network activity alongside the token’s broader price rally.

 

XRP briefly reclaimed a $100 billion market capitalization as its price climbed more than 8% alongside rising ETF and whale activity.  According to CoinGecko, Ripple’s XRP approached $1.65 during the rally and closed September 22 near $1.57, up from approximately $1.53 the previous day.

Crossing $100 billion marked a substantial gain in XRP’s valuation, although the token did not remain above that threshold. CoinGecko’s September 23 reading placed its market capitalization over $101 billion, illustrating how quickly the figure changed with price. Consequently, the milestone captured the strength of the rally without establishing that XRP had secured a lasting position above it.

Buyers also brought XRP into the $1.65 resistance area, which became the next price level to watch. The token had already climbed past $1.50 and $1.60, but reaching another resistance level does not confirm a breakout. Moreover, XRP remained more than 55% below the record high cited in the supplied market report despite its valuation rebound.

Also Read: CFTC Scrutinizes $5B in Nearly Identical Ether Perp Trades on Kalshi: WSJ Report

ETF Inflows and Large XRP Transactions Support the Market Cap Recovery

U.S. spot XRP ETFs recorded $13.03 million in net inflows on September 22, according to CoinGlass data cited in the report. That marked a change from the previous session’s zero net inflows and lifted cumulative net inflows to approximately $936.66 million. The fund figures added another measure of demand during the period when XRP’s price and market capitalization rose.

However, one fund attracted about $12.47 million, accounting for nearly 96% of the day’s combined net inflows. That concentration shows why the total should not be taken as evidence of equally strong demand across every XRP fund.

Meanwhile, Santiment recorded 1,917 XRP Ledger transactions worth at least $100,000 on September 22, its highest large transaction count in a month. The analytics firm also counted 3,647 newly created wallets, indicating that network activity increased alongside the price advance. These figures do not show whether the large transactions represented purchases or sales, but they establish that sizable holders were active.

XRP’s return above $100 billion coincided with ETF inflows and heavier ledger activity, while its later decline showed the threshold remained unsettled. Whether the token can hold that valuation depends partly on its ability to move beyond the $1.65 resistance area.

Also Read: Here’s What Comes Next For XRP After the Sudden Rally

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