XRP ETF Outflows Hit $16.6M as XRP Price Holds $1.36

Key Insights:

• The XRP ETF outflows were at their highest since the end of January at $16.62M on March 6.
• XRP price traded near $1.36 within a descending channel while derivatives activity declines.
• XRP whales added nearly $200M, keeping breakout hopes alive.

XRP ETF outflows turned sharply negative at the end of the first trading week of March, cutting short what had started as a solid run for US spot XRP funds. After three days of inflows, the products flipped to net withdrawals on Thursday and Friday, with March 6 marking the worst session.

At the same time, XRP price failed to hold its midweek recovery above $1.45 and slipped back near $1.36. That combination left traders watching both institutional demand and chart support more closely as momentum across the broader crypto market cooled.

XRP ETF Outflows Reverse Early Weekly Gains

The week opened with a better tone for XRP-linked exchange-traded funds. SoSoValue data showed net inflows of $7 million on Monday, $7.53 million on Tuesday, and another $4.19 million on Wednesday. Those numbers suggested demand had returned after a quieter stretch in late February.

The trend changed quickly. Net outflows reached $6.15 million on Thursday, then widened to $16.62 million on Friday. That made March 6 the heaviest one-day withdrawal since January 29, when XRP funds posted a much larger $92.92 million loss.

Across the full week, XRP ETF outflows left the category down by $4.09 million. Total cumulative inflows slipped to $1.24 billion from the midweek peak of $1.26 billion. Among issuers, Canary Capital XRPC still leads the segment with $266.11 million, though Bitwise XRP is now close behind at $265.42 million.

XRP ETF Outflows Add Pressure on XRP Price Action

The renewed selling in funds came as the XRP price lost upside momentum. The token had climbed from around $1.27 last Saturday to roughly $1.47 by Wednesday. That rally faded after Bitcoin was rejected near $74,000 and ETF flows turned negative.

XRP now trades around $1.3649 inside a descending channel that has shaped price action since mid-February. Open interest dropped 2.61% to $2.30 billion, while trading volume fell 15.92% to $3.05 billion. Those figures point to weaker participation as traders wait for direction.

Short-term support sits in the $1.35 to $1.37 range. A break below that zone could expose the next demand area near $1.30-$1.28. On the upside, channel resistance stands between $1.40 and $1.42, while the Supertrend near $1.4082 adds another barrier.

Analyst CryptoWZRD said XRP closed indecisively and noted that the XRP/BTC pair may shape the next move. He added that holding above $1.3820 could strengthen the bullish case, but XRP remains just below that level for now.

XRP ETF Outflows Clash with XRP Whales Buying

Even as XRP ETF outflows rise, on-chain data shows that larger holders have been accumulating. Wallets tracked as whales increased their combined XRP holdings from 10.87 billion to 11.01 billion since March 5. That equals about 140 million XRP, valued near $200 million at current prices.

This buying has kept traders focused on a possible breakout setup. Some analysts see bullish divergence building while exchange outflows suggest coins are moving off trading platforms. That often points to stronger conviction among large holders.

The daily chart also shows an ascending wedge forming from the late-February low near $1.1555. That pattern often breaks lower, though a push above $1.48 would weaken the bearish case. If buyers reclaim that area, XRP price could target the $1.60 to $1.70 zone, where sellers rejected previous rallies.