 ▲ XRP (XRP), retail investors, whales / ChatGPT-generated image © |
Weekly net outflows have occurred in spot XRP (XRP, Ripple) ETFs for the first time since late January, positioning the $1.35 support level as a critical short-term inflection point.
According to Trading News on March 8 (local time), XRP is currently trading around $1.35, up 0.73% over the past 24 hours, but it has shown unstable price action throughout the week, fluctuating between $1.347 and $1.3666. At the same time, all three listed XRP ETFs closed lower. XRPI (NASDAQ: XRPI) fell 4.09% to $7.73, the Rex-Osprey XRP ETF XRPR (BATS: XRPR) declined 4.31% to $11.10, and the Bitwise XRP ETF (NYSEARCA: XRP) dropped 4.05% to $15.17.
According to SoSoValue, spot XRP ETFs recorded $16.62 million in net outflows on March 6 alone. This marked the largest daily outflow since January 29 and ultimately led to the first weekly net outflow since January 30. Although total weekly net outflows slightly exceeded $4 million, the outlet explained that this was partially offset by inflows earlier in the week. In reality, institutional capital outflows intensified toward the end of the week, with all three ETFs closing near session lows.
The price structure also remains fragile. XRP is trading below its 50-day moving average of $1.57 and its 200-day moving average of $2.22. The market views $1.41 as the key threshold for a short-term bullish reversal. Trading News assessed that until XRP reclaims $1.41 on a weekly closing basis, technical momentum remains skewed toward sellers. Some analysts have also mentioned a liquidity sweep scenario in which the price rebounds to $1.80 before being pushed back down to the $1.00–$1.20 range.
However, on-chain indicators are not entirely one-sided. The 30-day moving average of whale fund flows has turned positive for the first time in three months. This suggests that large holders have shifted back to net accumulation, signaling a divergence from ETF outflows. The outlet noted that a pattern in which whales quietly absorb supply while retail and ETF funds exit could serve as a positive leading indicator over the medium term.
Ultimately, the short-term decision framework has become clearer. At current levels, analysts suggest it is more prudent to wait for confirmation of a recovery above $1.41 rather than initiate aggressive new buying. Conversely, if the price falls below $1.25, the $1.00–$1.20 liquidity range could open as a more definitive downside target. The outlet evaluated that while XRP, XRPI, XRPR, and the Bitwise XRP ETF can still be considered from a holding perspective, caution is warranted until a clear trend reversal signal emerges.
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