XRP Trades at $1.36 as Ripple Sees First ETF Outflows
Ripple (XRP) has seen little price fluctuation recently, trading at $1.36 despite notable outflows from exchange-traded funds (ETFs). In the first week of March, U.S. spot XRP ETFs faced their first significant net outflow since late January, with losses totalling $4.09 million.
This trend became pronounced after XRP’s price struggled to stay above the crucial $1.45 resistance level, eventually dipping below $1.40, indicating a bearish sentiment among traders and reduced institutional demand.
On March 6, XRP-associated ETFs saw a staggering $16.62 million in net outflows, marking the largest single-day withdrawal in two months and breaking a streak of inflows.
This selling pressure from regulated products has contributed to the asset’s price decline. As a result, institutional investors are taking a cautious approach to XRP, prompting speculation about the need for a return to net inflows to restore confidence.
In the broader crypto landscape, the market declined 1.62%, driven by rising tensions between the U.S. and Iran and disappointing February job data. Bitcoin fell by 1.47%, prompting declines in many major altcoins.
From a technical perspective, XRP is consolidating between key Fibonacci levels, with critical support in the $1.30–$1.32 range and resistance near the 50% retracement at $1.40.
The combination of ETF-induced selling and a weak macroeconomic environment is keeping XRP in a corrective phase, with close attention on whether the $1.30 support will hold.
Notably, the Depository Trust & Clearing Corporation (DTCC) has recently published a patent for a cross-ledger liquidity framework that includes XRP and Stellar (XLM) as “Digital Liquidity Tokens.”
This development is seen as a bullish indicator for XRP’s long-term utility, showcasing increasing institutional interest in its potential role within global finance, although it remains a conceptual patent without immediate application.
Additionally, analysts suggest that banks are holding off on accumulating specific altcoins, including XRP, until the U.S. Clarity Act is passed. Recent Polymarket predictions indicate that the likelihood of the bill passing by 2026 has increased from 56% to 71%.
Thus, XRP finds itself in a complex situation, balancing promising long-term prospects against immediate short-term challenges from ETF outflows and technical resistance. BTC Falls as ETFs Post $277 Million Daily Outflow
