OTC Trading Desks Mute XRP Price Response to ETF Inflows

XRP price remains muted despite $120 million in weekly ETF-related inflows and accounting for more than 50% of total weekly inflows across crypto investment products. The lack of immediate price movement is a result of how ETF issuers execute large allocations. Rather than hitting public exchanges directly, these firms use over-the-counter (OTC) desks. These desks operate outside visible public order books. Institutional buyers request quotes from multiple liquidity providers and negotiate a price before settling trades. This process reduces slippage and prevents large transactions from pushing the market upward. XRP is currently unable to push past $1.35 despite a move above the $1.34 pivot level. The price has stalled just below $1.36, creating a ceiling that requires a clean break to shift the market mood. A drop below the $1.31–$1.32 floor would cause a slide back toward $1.28.