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Ripple locks $907M in XRP escrow as ETF demand grows amid mixed market signals

Market News
02 Jun 2026
AMBCrypto
View Source
Bearish
pluang ai news

Ripple locked 700 million XRP tokens worth over $907 million into escrow, continuing its supply management strategy. Despite this, XRP prices fell below key support levels, trading near $1.26 within a descending channel, reflecting bearish market sentiment. Institutional interest remained steady with XRP ETFs gaining $4.13 million in inflows, pushing assets under management to $1.11 billion, signaling long-term confidence. However, derivatives data showed mixed signals with rising Open Interest but sharply falling Funding Rates, indicating uncertainty among traders about XRP's next move. The outlook depends on whether institutional demand can stabilize sentiment and help XRP reclaim lost support levels.

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