Spot XRP exchange-traded funds (ETFs) recorded their first month of net outflows in March, with investors pulling out $31.16 million. The underlying XRP token has dipped over 3% weekly and is testing a crucial $1.30 support level as analyst warnings highlight potential downside risk.
The first spot XRP ETFs saw a highly successful debut, attracting over $1 billion in their first month and breaking launch-day trading volume records for 2025. However, net inflows slowed dramatically in January and February before turning negative in March.
Investors withdrew a net $31.16 million from the funds last month, according to data from SoSoValue. This marks the first red month for the products since their launch in November, with eight trading days showing no reportable inflows at all.
The underlying XRP asset has dipped by over 3% weekly amid this investor exodus. It continues to struggle at the $1.30 support level, which analysts warn could lead to deeper corrections if decisively broken.
Analyst CW recently warned on X that a drop to around $1.26 could trigger mass liquidations of high-leverage long positions. Fellow analyst CRYPTOWZRD noted XRP was teasing the $1.32 intraday resistance and predicted more weakness if it remains below that level.
The landscape appears more worrying as XRP is currently losing the battle for the fourth largest cryptocurrency spot against BNB. The outflows coincided with a period of escalating global tension that created uncertainty across financial markets.
