XRP experienced a rapid intraday price jump, moving from $2.05 to $2.25 on Wednesday. This surge was primarily fueled by a substantial wave of net inflows across major global exchanges. According to crypto analyst Chad Steingraber, approximately $52 million in positive net inflows was sufficient to drive XRP's market capitalization higher by nearly $20 billion, when considering the token's full supply.
This price movement highlights the sensitivity of XRP's price structure during periods of concentrated liquidity. Both exchange flow data and activity from XRP Exchange-Traded Funds (ETFs) indicate an acceleration in institutional participation.
Exchange Net Flows Show Heavy Accumulation on Upbit and Binance
Heatmap data shared by Steingraber reveals a detailed breakdown of the 12-hour net inflow distribution across key trading platforms. Upbit emerged as the leading exchange for inflows, recording nearly $32 million in net buying. Binance followed closely with $21.17 million in net buying.
Other exchanges also registered notable liquidity shifts. Kraken saw inflows of $9.40 million, Bybit recorded $13.24 million, OKX had $7.43 million, Coinbase accounted for $10.25 million, and Gate.io observed $3.37 million. The heatmap illustrates a generally positive flow environment, with significant buying pressure concentrated in both Asian and U.S. markets.
The scale of these price movements reflects an environment where relatively moderate inflows can lead to significant price dislocations due to tightening liquidity across XRP's spot markets.
These are the Net Flows that sent XRP from $2.05 to $2.25 today. That’s a .20c jump, or a $20Billion market cap increase (using full supply). The total Net Inflow about $52Million.
$52M x20 = $1,04B
XRP $2.25 x 20 =$45.00 IN ONE DAY https://t.co/ibjJJE0crcpic.twitter.com/fkpT8trvci
— Chad Steingraber (@ChadSteingraber) November 25, 2025
Steingraber highlighted that the $52 million in net inflows, when multiplied across XRP's supply structure, explains the rapid $0.20 upward price swing that occurred in less than 24 hours. He calculated that similar liquidity strength could theoretically propel XRP to significantly higher price levels under amplified market conditions.
XRP ETF Market Records $164M in Fresh Institutional Demand
Adding to the market excitement, crypto commentator Xaif Crypto reported substantial inflows into XRP-based exchange-traded products.
According to Xaif Crypto, four XRP ETFs collectively attracted over $164 million in net inflows within a 24-hour period. Grayscale's GXRP led these inflows with $67.36 million, followed by Franklin Templeton's XRPZ with $62.59 million. Bitwise's XRP product garnered $17.71 million, and Canary Capital's XRPC received $16.38 million.
XRP ETFs ARE ON FIRE!
In just 24 hours, the 4 XRP ETFs pulled a MASSIVE $164M+ in net inflows:
Grayscale GXRP: +$67.36M
Franklin XRPZ: +$62.59M
Bitwise XRP: +$17.71M
Canary XRPC: +$16.38MThis isn’t retail… this is big money positioning early. https://t.co/N7L2anUR6epic.twitter.com/LoQHLQEUTU
— Xaif Crypto🇮🇳|🇺🇸 (@Xaif_Crypto) November 25, 2025
The significant ETF activity indicates a growing institutional appetite for XRP. Unlike retail-driven flows, ETF inflows typically represent strategic rebalancing or early positioning by investment funds anticipating short-term or long-term market volatility.
Xaif Crypto emphasized that the magnitude of these inflows suggests that "big money" and traditional capital allocators are increasingly utilizing regulated products to gain exposure to XRP, rather than retail investors alone.
Liquidity Shock Intensifies as ETF and Exchange Flows Converge
The convergence of substantial ETF inflows and increased accumulation on centralized exchanges contributes to what analysts term a liquidity shock. This condition occurs when the available sell-side depth is insufficient to absorb sustained buying pressure, which aligns with XRP's rapid price appreciation observed during this period.
The combined effect of ETF demand and direct exchange inflows suggests that buyers are entering the market through both on-chain and traditional financial channels. This dual approach tightens supply and amplifies price sensitivity. If this trend persists, future inflows, even if moderate, could lead to more pronounced intraday price movements.
Market Outlook: Volatility Expected as Institutional Participation Grows
XRP's sharp price reaction serves as a clear illustration of how thin liquidity, relative to demand, can amplify market movements. With the active ETF channels and strengthening centralized exchange flows, analysts anticipate a potential increase in volatility in the near term as new institutional participants adjust their positions.
The $52 million in net inflows that resulted in a nearly $20 billion market-cap expansion stands as a significant indicator of XRP's rapid response capability when market conditions are favorable. Traders and analysts will be closely monitoring whether continued ETF inflows and exchange accumulation drive XRP towards higher resistance levels in the upcoming trading sessions.