For the first time since January, XRP exchange-traded funds have recorded a losing week, breaking a seven-week streak of inflows as the underlying asset’s price continues to stall below the critical $1.40 resistance level. According to data from SoSoValue, XRP spot ETFs saw their largest single-day outflow in March on Friday, with $16.62 million exiting the products .
The outflows were led by 21Shares, which saw $10.60 million withdrawn, followed by Bitwise and Grayscale products. Canary Capital and Franklin Templeton reported flat flows for the session . This marks a stark contrast to the previous week, which saw $9.55 million in inflows and a seven-day positive streak . The cumulative net inflows since the ETFs' launch still remain strong at approximately $1.24 billion, but the shift in momentum is notable .
The outflows coincide with XRP struggling to maintain its footing above $1.40. The token is currently trading near $1.37, down roughly 3% on the session and extending a correction that began after it failed to clear the $1.47 resistance level earlier in the week . Technical indicators show the Relative Strength Index (RSI) dipping below 50, suggesting bearish momentum is building in the near term .
Market analysts are pointing to a combination of factors weighing on sentiment. Geopolitical tensions, including the ongoing U.S.-Iran conflict, have pushed oil prices higher and driven investors away from risk assets like cryptocurrencies . Some traders now warn that if XRP loses the key support level at $1.3350, a deeper correction toward $1.25 or even $1.00 could materialize .
Despite the bearish price action, some on-chain metrics tell a different story. Data from CryptoQuant reveals that over 7 billion XRP tokens left centralized exchanges in February, reducing available sell-side liquidity . Additionally, Ripple's RLUSD stablecoin has grown to $1.5 billion in supply, with daily transaction volumes matching that figure, creating organic demand for XRP through transaction fees on the XRP Ledger .
Analysts remain divided on the outlook. While the ETF outflows and price stall are concerning in the short term, the continued accumulation by large holders and institutional inflows over the past two months suggest larger players are positioning for a longer-term move . For a bullish reversal to take hold, XRP needs a confirmed daily close above $1.4420, which would open a path toward $1.57 and the critical $1.6638 neckline .
