XRP’s 1,220% Spike, What’s Going On And Who’s Driving The Growth?

XRP investment products witnessed a notable spike in inflows last week. CoinShares data shows that XRP products attracted $39.6 million last week, a 1,220% jump from the modest $3 million recorded in the previous week. The move came as digital asset investment products posted their sixth straight week of inflows, bringing in $857.9 million across the market.

The broader tone was helped by improving sentiment around the CLARITY Act, especially after lawmakers reached a compromise on stablecoin yield rules.

CoinShares’ latest weekly flow data shows XRP-based exchange-traded products received $39.6 million in inflows last week, compared to only about $3 million in the prior week. That is a 1,220% increase in seven days and brings XRP’s year-to-date flow to $191 million. XRP’s assets under management also climbed to about $2.56 billion, placing it among the strongest non-Bitcoin crypto investment products in the latest report.

Bitcoin still dominated the market with $706.1 million in weekly inflows, while Ethereum recorded $77.1 million and Solana brought in $47.6 million. However, those numbers mostly reflect the larger size of their markets. 

XRP’s move is much more notable because it shows a sudden change in allocation behavior. Investors who had only been adding small amounts to XRP products in previous weeks stepped in with much larger sizes, pushing XRP ahead of most altcoin products outside of Ethereum and Solana.

Interestingly, the regional flow data shows that the United States was the main pipeline of last week’s rebound. US-based products recorded $776.6 million in inflows, a 1,530% recovery from the previous week’s $47.5 million inflows. Germany followed with $50.6 million, Switzerland added $21.1 million, and the Netherlands recorded $5 million.

The inflows into XRP-based products came during a period of wider inflow into crypto products. However, there were a few significant developments last week that helped contribute to a positive institutional narrative around XRP and Ripple’s entire ecosystem.

Most notably, Ripple announced the successful completion of a pilot tokenized US Treasury settlement on the XRP Ledger with JPMorgan, Mastercard, and Ondo Finance, processing the redemption in under five seconds. This event, which is part of the rapid growth in tokenized real-world assets, was enough to increase bullish sentiment surrounding the Ripple and XRP ecosystems.

The pattern of institutional demand is also becoming more durable. April had already been the strongest monthly inflow period of 2026 for US-listed XRP ETF products, and last week’s surge suggests that momentum has carried into the new month.

The CLARITY Act is also one of the biggest reasons behind the sudden improvement in fund flows across the entire market. The United States Senate Banking Committee has unveiled the draft text of the CLARITY Act, and a vote is scheduled to be held on May 14.