XRP Price Faces $1.37 Test as ETF Outflows Hit Monthly High: What Next?

Key Insights:

• XRP price dipped to $1.37 with spot ETFs recording $16.62 million in net outflows.
• Chart signals XRP price squeezed near apex, as weekly resistance holds firm
• 21Shares, Bitwise, and Grayscale topped withdrawals as institutional caution remained strong.

XRP price remained under pressure as spot XRP ETFs recorded their largest monthly withdrawal. At the same time, weak momentum and wide market volatility kept traders cautious. The most recent session saw a combination of heavy fund outflows with chart setups that highlighted the $1.37 area.

XRP Price Weakens As ETF Outflows Soar

XRP price moved lower as institutional products registered a drastic wave of withdrawals on Friday. That pullback occurred in another volatile period for the larger crypto market. As a result, sentiment around Ripple-linked funds remained cautious.

SoSoValue data revealed that spot XRP ETFs experienced $16.62 million of net outflows on March 6, 2026. That was the maximum withdrawal for the day of the month. Moreover, it was the largest outflow in over two months.

The move followed a recent XRP rebound during the broader market recovery. However, such a rally failed to improve institutional conviction. Instead, fund flows revealed that large investors continued to reduce exposure.

XRP price was already trading in negative territory when the outflows hit. The token had declined roughly 3% in that session. Then, over the next 24 hours, it slipped another 2.08% to around $1.37.

Large Fund Withdrawals Keep Institutional Mood Cautious

The most recent data revealed that selling pressure was concentrated in the biggest XRP products. Therefore, the weakness did not originate from one separate fund. Instead, there were clear exits from several major vehicles in the same session.

The 21Shares XRP ETF topped the decline with $10.60 million in daily outflows. Then the Bitwise XRP ETF posted withdrawals of $3.65 million. Grayscale’s XRP product had another $2.37 million outflow.

Meanwhile, there was little movement on other funds. The Canary XRP ETF had zero daily inflows. The Franklin XRP ETF also recorded no fresh inflows in the same trading session.

That pattern indicated that investors weren’t moving in and out of other XRP funds very aggressively. Rather, many seemed to surrender and back away entirely. In turn, that contributed to the cautious tone already evident in XRP price action.

Still, the bigger flow picture was more balanced than the daily flow move suggested. Since launch, spot XRP ETFs have seen $1.24 billion of cumulative net inflows. Even so, the most recent withdrawal is notable because it occurred in a weak price period and a falling recovery effort.

Daily Structure Keeps the Next Move in Focus

One chart shared by analyst ChartNerd highlighted a tightening daily structure in XRP. The configuration indicated compression in the price between descending resistance and rising support. As those trend lines were narrowing, the chart pointed to an apex date around March 14.

The pattern put XRP price near $1.36 to $1.40 during the squeeze. That range was the same as the current trading area following the most recent selloff. As a result, the technical setup was very much in line with the market’s immediate weakness.

ChartNerd’s chart showed that volatility had been declining as XRP moved deeper into the triangle. In many cases, that sort of compression is a sign of indecision about making a stronger move. Here, the timing was more important as the ETF outflow data brought in fresh pressure at the same time.

The upper trend line continued capping off rebounds from February into March. At the same time, the lower trend line supported the price from the previous washout zone. As a result, XRP price had entered a narrow area of decision with soft momentum.

Weekly Retest Setup Maintains Pressure on $1.37 Zone

Furthermore, a separate chart from analyst Steph Is Crypto focused on the weekly timeframe. That setup showed XRP price retesting a marked zone around $1.368. The chart framed that area as an important resistance band after the recent rebound.

Unlike the daily squeeze, this view was more bearish. The weekly chart showed price climbing back into the highlighted zone and then facing rejection risk. In addition, the chart projected a sharp downward path after the retest.

That level stood out because it matched the price area seen following the most recent decline. So, the weekly and daily views overlapped approximately at $1.37. As a result, the reaction of the market there attracted more attention.

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