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XRP ETFs See First Outflow in 13 Weeks as Token Retests $1.30 Level

BearishMedium impact
XRPUSD$1.28 −1.90%

XRP (BITSTAMP:XRPUSD) exchange-traded funds recorded a net outflow of over $1.84 million last week, marking their worst weekly performance in more than three months. The capital withdrawals broke a 13-week streak of consecutive weekly inflows that had been in place since July 7th, signaling a pause in steady institutional and retail demand for the cryptocurrency. XRP traded down 1.54% at $1.289 USD following a retest of the $1.30 support level.

The shift to negative net flows comes amid broader market volatility and a sector downturn, dampening sentiment across the XRP investment ecosystem. Investors appear to be exercising caution after months of uninterrupted accumulation. The reversal reflects growing uncertainty over short-term price momentum as previous recovery attempts failed to hold above key price thresholds.

Market participants are closely monitoring whether investor sentiment stabilizes or if further capital exits lie ahead. Key factors to watch include whether XRP can maintain its current price levels and if fund flows return to positive territory in the coming weeks.

Key points

  • XRP funds logged over $1.84 million in net outflows last week, ending a 13-week streak of consecutive weekly inflows.
  • This marks the first weekly capital exit for XRP investment products since July 7th and their weakest performance in over three months.
  • XRP price dropped 1.54% to $1.289 USD as the asset retested the $1.30 level amid heightened market volatility.
  • Caution among retail and institutional investors reflects renewed uncertainty surrounding short-term market momentum.

Written by our AI from expert market sources across the web. It can contain mistakes: check the facts before acting on them. Write-ups powered by the free AI API at FreeTheAI.org

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Questions and answers

Why did XRP ETFs experience outflows last week?

XRP funds posted over $1.84 million in net outflows due to severe market volatility and caution among retail and institutional investors following a price downturn.

When was the last time XRP funds recorded weekly outflows?

Prior to last week, the funds had not recorded a weekly outflow since July 7th, having maintained a 13-week streak of positive inflows.

What is the current price of XRP?

XRP is trading at $1.289 USD, down 1.54% after retesting the $1.30 level.