Record 1.26% of XRP Supply Now Unavailable Due to ETF Rally, Testing the $1.50 'Glass Ceiling'

Net assets (AUM) in U.S. spot $XRP ETFs have reached $1.11 billion, meaning funds now control a record 1.26% of the token's total market capitalization, according to fresh data from SoSoValue. While market participants remain focused on the "stonewall" $1.5 resistance level that $XRP has failed to break for several months, tectonic shifts are taking place in the asset's ownership structure.

Despite cumulative ETF inflows reaching $1.32 billion, $XRP price continues its prolonged sideways drift inside a range of $1.3-$1.5 for 75 days already, suggesting that ETFs are not moving the price "here and now".

Why record $1.1 billion in $XRP ETF assets haven't triggered the $1.50 breakout yet

Statistics from November-December 2025 prove this thesis clearly. Even as record inflows accounted for the majority of the current $1.32 billion cumulative volume, $XRP price still managed to decline by 27%.

In this context, the removal of 1.26% of the supply from free circulation effectively creates a launchpad for buying momentum, not in itself. If an active risk-on phase begins and these coins remain locked inside ETFs, the absence of this supply on exchanges could provide $XRP with a much easier and more powerful upside move.

A similar situation was observed in January 2026, when $XRP price rallied by the same 27%.

It is worth acknowledging that the April-May ETF excitement totaling $110 million appears moderate and prompts the thought that the current ETF rally is not about immediate price growth, but about strengthening the fundamental floor beneath $XRP.

If investors who deployed over a billion of dollars at the end of 2025 did not "dump" their holdings during the first half of 2026, it suggests their investment horizon extends far beyond the current consolidation phase.

The real price trigger will emerge either when inflows once again accelerate to levels comparable to late 2025, or when we see a reversal in the Net Assets metric itself. Once a sustained reversal in Net Assets toward outflows begins, it will signal that major players have started taking profits after failing to get the breakout they expected.

For now, it's fair to assume that 1.26% of $XRP supply has simply "disappeared" from the market, waiting for its moment.