Ripple ETF bucked the trend and attracted 3.5 million gold under a bearish macro outlook, falling short of key technical support

According to Woofun AI, against the backdrop of a sharp tightening macro environment, the Ripple (XRP) spot ETF showed a completely different flow of funds from mainstream assets. Franklin Templeton (BEN.US)'s XRPZ product became the sole driving force behind this contrarian performance. Its ability to absorb funds was particularly prominent when Bitcoin and Ethereum funds were subject to large-scale redemptions, revealing the structural preferences of institutional funds on specific tracks.

This money diversion reached a significant peak on September 16. According to data compiled by Woofun AI, the Ripple ETF recorded a net inflow of 3.5 million US dollars on the same day, corresponding to the purchase of 2.71 million XRP, and there were no outflows. By contrast, Bitcoin and Ethereum-related funds together experienced $1.11 billion in capital flight.

Currently, the cumulative capital inflow to the Ripple ETF has reached $1.72 billion, and total net assets have climbed to $1.4 billion. Notably, this strong inflow was due to the double shortfall of the “Clarity Act” vote failure and the Federal Reserve's announcement of the first rate hike in three years. Statistics from SosoValue confirm that it was Franklin Templeton's (BEN.US) XRPZ product that undertook all of the additional funding, showing the agency's confidence that the Ripple ecosystem is independent of the macro-austerity cycle, or at least recognition of its short-term safe-haven nature.

The divergence between fundamentals and technology has increased market uncertainty. Ripple has upgraded the XRP Ledger AI Starter Kit to support a machine payment protocol jointly developed by Stripe and Tempo, allowing AI agents to automatically pay service fees using XRP and RLUSD, and introducing open wallet standards to achieve unified management of multi-chain wallets. RippleX product leader Jazzi Cooper emphasized on X platform that XRP and RLUSD are the preferred solutions regardless of the developer's location.

In addition, Ripple also supports the x402 online payment standard launched in June, providing developers with a dual payment path. Polymarket's forecast for the September price movement shows that the market is in a period of equilibrium adjustment due to resistance experienced after breaking from $1.00 at the end of August.

However, the technical side has warned: XRP previously relied on support in the $1.30 to $1.32 range for most of September, but has now fallen below this zone and pulled back sharply. The current price is testing the $1.26 to $1.28 support band, which was the starting point when it broke above $1.00 at the end of August. The Relative Strength Index (RSI) fell to 46.29, hitting the previous low; the 20-day simple moving average at $1.3447 has moved from support to resistance. If current support is maintained, the $1.40 target is expected to be met; once broken, the price could drop by $1.20.

In terms of related assets, Benjamin Cowen pointed out based on Bitcoin's historical cycle rules that after the “Golden Fork” signal appears, the price of Bitcoin (BTC) may pull back to the $70,000 to $75,000 range. This forecast is in line with current expectations of tightening macro-liquidity, further highlighting the anomalies in Ripple ETF capital inflows.