XRP trades at $1.35 as ETFs record first weekly outflows since January. Analyst forecasts potential dip to $1, but Ripple CEO remains bullish long-term. The postXRP trades at $1.35 as ETFs record first weekly outflows since January. Analyst forecasts potential dip to $1, but Ripple CEO remains bullish long-term. The post

XRP Price Analysis: Potential Decline to $1 Looms as ETFs Experience Weekly Outflows

2026/03/08 17:01
3 min read
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Key Takeaways

  • Technical analyst ChartNerd forecasts XRP may decline to $1 through a liquidity sweep before reversing higher.
  • Exchange-traded funds tracking XRP saw their first weekly capital exodus since January 30, with outflows exceeding $4 million.
  • The digital asset currently hovers around $1.35 following a brief decline to $1.347 amid increased selling pressure.
  • Ripple’s CEO Brad Garlinghouse expressed optimism about long-term holders being rewarded within a five-year timeframe.
  • Large holder activity, tracked via the Flow 30-DMA indicator, has shifted positive for the first time since late 2024.

XRP maintains its position near $1.35 following a challenging week characterized by institutional fund withdrawals, technical resistance, and cautionary price forecasts. Despite near-term headwinds, Ripple’s leadership maintains an optimistic long-range outlook.

xrp priceXRP Price

The cryptocurrency declined from $1.3666 to $1.3554 throughout the previous 24-hour period, momentarily reaching $1.347 as trading activity intensified. Support emerged around the $1.35 threshold, with the asset subsequently consolidating within a narrow corridor between $1.35 and $1.37.

Technical analyst ChartNerd shared analysis on X suggesting XRP might retreat to $1, highlighting significant liquidity concentration between $1 and $1.20. Additional liquidity pools exist around the $1.80 level.

According to ChartNerd, the probable March trajectory involves an initial push toward $1.80, subsequently followed by a pullback into the $1 zone. This pattern represents a classic “liquidity grab” — a strategic price movement intended to activate stop-loss orders before a possible trend reversal.

Exchange-Traded Funds Experience First Weekly Capital Flight Since January

Data from SoSoValue reveals XRP exchange-traded funds recorded net weekly withdrawals slightly exceeding $4 million. This represents the initial weekly capital exodus observed since January 30.

XRP ETFs weekly flowsSource: SoSo Value

These investment vehicles attracted capital during the week’s opening three trading sessions before momentum shifted on March 5 and 6. March 6 witnessed particularly heavy redemptions totaling $16.62 million — representing the largest single-session withdrawal since January 29.

Meanwhile, Bitcoin, Ethereum, and Solana ETFs experienced parallel outflows measuring $349 million, $83 million, and $8 million respectively throughout the identical timeframe.

Ripple Executive Emphasizes Strategic Patience

Speaking at the XRP Australia 2026 gathering, Ripple’s CEO Brad Garlinghouse conveyed to participants that today’s investors might discover themselves in a “very happy place” over a five-year horizon.

Garlinghouse highlighted the growing momentum behind institutional blockchain integration, encompassing asset tokenization, stablecoin deployment, and distributed ledger settlement infrastructure.

Evernorth’s CEO Asheesh Birla emphasized that genuine financial industry transformation requires approximately a decade. He noted that immediate price fluctuations frequently fail to capture the underlying technological evolution.

One encouraging blockchain metric: the XRP Whale Flow 30-DMA indicator has registered positive territory for the first instance in over ninety days, indicating renewed accumulation by substantial holders.

XRP presently defends the $1.35 support threshold, with market participants monitoring closely for a decisive directional breakout.

The post XRP Price Analysis: Potential Decline to $1 Looms as ETFs Experience Weekly Outflows appeared first on Blockonomi.

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