NEW YORK, May 13, 2026, 17:28 EDT
XRP edged down to around $1.42 on Wednesday, paring this week’s earlier gains. Flows into XRP-linked funds continued, but the token still dropped about 1% in the past 24 hours, according to CoinMarketCap. Market capitalization stood near $88 billion, with daily trading volume close to $2.29 billion.
Here’s where things stand: traders are seeing renewed interest in XRP investment vehicles, but the price action hasn’t really kicked in yet. U.S.-listed spot XRP ETFs—funds that actually hold XRP and trade on exchanges—pulled in $25.8 million on Monday. That’s the largest single-day haul since January, according to CoinDesk. So far, these funds have attracted roughly $1.35 billion altogether.
The overall market backdrop remained weak. Bitcoin hovered close to $79,400, Ether slipped to roughly $2,255—both down for the session. XRP’s action tracked the broader crypto softness, without any clear, token-driven catalyst.
New numbers from CoinShares painted a more bullish picture. Digital-asset investment products pulled in $857.9 million last week, marking a sixth week of consecutive inflows, the firm reported. Bitcoin brought in $706.1 million, making up most of the total. Ether followed with $77.1 million; Solana saw $47.6 million, and XRP, $39.6 million. In the report, authored by research chief James Butterfill, CoinShares described the Solana and XRP inflows as “notable accelerations.” CoinShares
The macro picture flipped. According to Reuters, hotter-than-expected U.S. inflation forced Fed futures traders to scrap expectations for any rate cuts this year, putting long-dated Treasury yields on the defensive. Crypto, which doesn’t offer yield, faces headwinds in this environment as investors can opt for cash or bonds instead.
Prediction markets captured that tightening. According to a DeFi Rate roundup of Kalshi, Polymarket, and Gemini data, traders saw a 97.5% probability the Fed stays put on rates at the June 16-17 meeting. Polymarket priced in 97.6%, with Kalshi a notch lower at 96.5%. On Polymarket’s separate 2026 rate-cut contract, the odds of no rate cuts this year stood at 69%.
UBS Global Wealth Management has shifted its forecast for the Fed’s first rate cut to December, backing away from its earlier September call. The brokerage now aligns with others that don’t expect early easing. “The conditions needed to justify a September move … have not yet been met,” UBS analysts, led by Andrew Dubinsky, said in a note. Reuters
There wasn’t much reassurance from Fed officials, either. Minneapolis Fed President Neel Kashkari described the labor market as “a bit better,” but said inflation had deteriorated. “We are dead serious about getting inflation back down,” Kashkari said. Reuters
The tug-of-war in XRP’s chart was clear. As of 17:10 EDT, Investing.com had the token at $1.4197, down 1.45%. Session range: $1.4119 to $1.4691. Over the past 52 weeks, XRP has swung between $0.3865 and $3.6556—volatile territory, even for crypto.
Regulation remains in focus. The SEC wrapped up its case against Ripple in August 2025, imposing a $125 million penalty and restricting certain institutional XRP sales. Judge Analisa Torres previously determined that XRP traded on public exchanges does not fall under securities laws, but institutional transactions do.
There’s a risk here: fund inflows might just end up as a mild support, not the driving force bulls want. Should buyers fail to defend the $1.40 zone, a wave of selling could develop—even with ETF appetite still present. With the Fed’s stance remaining tight, XRP could find itself stuck near the low $1s unless inflows turn into something bigger.
Right now, it’s not so much a breakout as a test for XRP. There’s new institutional infrastructure in place, improved weekly flow numbers, and a cleaner legal backdrop compared to last year. Still, the market is being forced to remember: crypto rallies don’t come easy when the Fed isn’t playing along.
