XRP's price appears to be disconnected from institutional activity, according to recent analysis. According to NS3.AI, more than $1.4 billion has flowed into XRP ETFs since November 2025. Despite this significant inflow, the price of XRP has not shown a corresponding increase. Notably, Goldman Sachs holds $153.8 million across four spot XRP ETF positions, highlighting substantial institutional interest. However, this interest has yet to translate into a noticeable impact on XRP's market value.