XRP Nears $1.50 as $39.6M Flows; Bitcoin at $80K Key

XRP traded near $1.50 after data showed $39.6 million in weekly inflows to XRP investment products and a drop in large-holder deposits to exchanges. The market is watching whether Bitcoin can hold around $80,000 and how the April Consumer Price Index, due May 12 at 8:30 a.m. ET, affects risk appetite.

CoinShares reported on May 11 that XRP investment products received $39.6 million last week. Bitcoin accounted for $706.1 million of the $858 million that flowed into digital-asset funds during the same period. Total assets under management in crypto investment products rose to about $160 billion.

A U.S. spot ETF tracker registered roughly $34.21 million in net inflows to U.S. spot XRP ETFs for the week, offering a second data point for institutional purchases of XRP.

On the supply side, CryptoQuant data showed that whale inflows of XRP to Binance fell to their lowest level since November 2021. Large-holder deposits to exchanges are a measurable source of potential selling; the decline in such deposits reduces that specific on-exchange supply pressure.

Derivatives data from CoinGlass put XRP around $1.48 with more than $3 billion in open interest. Twenty-four-hour futures volume was about $4.9 billion, compared with $871.7 million in 24-hour spot volume, giving a futures-to-spot volume ratio near 5.6. There were roughly $6.84 million in 24-hour futures liquidations.

Market participants are tracking two macro items this week: the April CPI print on May 12 and shifting expectations for Federal Reserve rate cuts. Bank of America now expects the Fed to hold rates through the rest of 2026, and Goldman Sachs moved its first expected cut to December 2026. The next Fed meeting is scheduled for June 16-17.

Traders described two scenarios tied to those factors. If the CPI is at or below expectations and Bitcoin holds around $80,000, traders identified upside targets for XRP at about $1.60, then $1.75–$1.80, with $2.00 cited as a further extension. If the CPI prints higher and Bitcoin falls below $80,000, traders identified near-term retest levels around $1.44 and $1.40 as leveraged long positions could be reduced.

Last week’s flows were concentrated in Bitcoin, which took about 82% of the weekly fund inflows, while XRP represented roughly 5% of the total. The immediate price context for XRP combines the recorded inflows, lower exchange deposits from large holders, and elevated derivatives activity ahead of the CPI release and continued Bitcoin price moves.