XRP ETFs recorded net inflows of approximately $60.5 million over the past week, signaling that institutional and market interest in XRP continues to intensify. According to industry data, this strong performance comes as XRP Ledger activity has climbed to its highest level since March of this year, making XRP a core focus of attention in the crypto market once again. The combination of institutional inflows and rising on-chain engagement is drawing renewed market attention to the Ripple ecosystem in 2026, though recent data reveals a more complex picture of institutional behavior.
A critical development that challenges the conventional narrative is that wallets holding 10,000 or more XRP - what most trackers call 'whale' wallets - hit an all-time high of 332,230 in mid-May, even as the price fell. As reported by industry sources, this represents a supply base held by actors who are not average retail holders, whether they're family offices, crypto funds, or long-term traders. The data shows that while ETF flows have stalled after an initial launch surge, large holders are accumulating into market weakness, suggesting a structural divergence from traditional altcoin ETF behavior patterns.
Although market price performance remains relatively subdued for the moment, an increasing number of users are engaging in on-chain value transfers and interactions with the XRP Ledger. The XRP Ledger hit 3 million daily transactions in mid-March, representing a threefold increase from mid-2025 averages, driven by growth in automated market maker pools and decentralized trading. The combination of institutional interest through ETF investments and growing on-chain engagement suggests renewed confidence in the XRP ecosystem's fundamental value proposition, with RippleRLUSD moving large amounts of XRP on-chain for its own operations, including a $107 million transfer in late April alongside $92.5 million in its RLUSD stablecoin.
Against this backdrop, an increasing number of investors are turning their attention to cloud mining service platforms in search of more stable avenues for passive income growth. The SHRMiner cloud computing power platform is garnering growing interest from XRP holders, particularly those looking to leverage XRP Smart Computing Power Contracts and an automated mining hosting model to explore new pathways for generating passive XRP income amidst periods of market volatility.
