FreeTheAI

XRP Spot ETFs See Outflows Ending 13-Week Streak as Price Tests $1.25 Support

MixedMedium impact
XRPUSD$1.30 −0.36%XRPUSD$1.30 −0.33%

XRP (CRYPTO:XRPUSD) spot exchange-traded funds recorded $1.84 million in net outflows for the week ended Oct. 16, ending a 13-week streak of inflows. Total net assets in the funds dropped to $1.47 billion from $1.57 billion, while weekly trading volume fell to $123.01 million from $200.84 million the previous week.

The fund outflows coincide with cooling trading activity and unwinding leverage in the market. On-chain transfer volume reached $49.70 billion as prices tested support near $1.25. However, exchange balances rose to 11.81 billion XRP on Oct. 17. Futures open interest declined 15.8% between Oct. 4 and Oct. 17, alongside $25.7 million in long liquidations on Oct. 7-8 and a 44% weekly drop in whale transaction volume.

Key technical levels remain in focus as prices fluctuate around $1.30. Holding support at $1.25 keeps upside targets at $1.56 and $2.00 in play, while a breach below $1.25 shifts potential downside targets toward $1.00.

Key points

  • XRP spot ETFs logged $1.84 million in weekly net outflows, ending a 13-week streak of consecutive inflows.
  • Total net assets for XRP spot ETFs declined from $1.57 billion to $1.47 billion as weekly volume dropped to $123.01 million.
  • On-chain transfers reached $49.70 billion near the $1.25 support level, though exchange reserves rose to 11.81 billion XRP.
  • Derivatives showed leverage unwinding, with futures open interest dropping 15.8% and whale activity falling 44% week over week.

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

How we writeDisclaimer

Questions and answers

Why did XRP spot ETF inflows stop?

XRP spot ETFs recorded $1.84 million in net weekly outflows after a 13-week inflow streak, as weekly trading volume dropped to $123.01 million and overall asset values declined to $1.47 billion.

What are the key price levels for XRP?

Key support sits at $1.25. Holding this level keeps upside potential toward $1.56 and $2.00 intact, whereas losing $1.25 shifts the downside target toward $1.00.

What do exchange and derivatives data show for XRP?

Exchange reserves reached 11.81 billion XRP on Oct. 17 while futures open interest fell 15.8% and whale transaction volume dropped 44%, reflecting reduced leverage and cautious market positioning.