Spot exchange-traded funds tracking Ripple‘s XRP have seen over a week of consecutive net outflows or zero flows, indicating a significant cooling of investor demand. The funds have not recorded a single day of net inflows since March 4. Meanwhile, the price of the XRP token itself climbed to a multi-week high near $1.45 before retreating below $1.40, with analysts noting a tightening consolidation pattern on the charts.
U.S.-listed spot XRP exchange-traded funds (ETFs) have now gone more than a full business week without a single day of net inflows. According to flow data, the funds reported zero inflows on March 11 and March 13, while other days saw money leave the products.
This extends a negative streak that began on March 5. Analyst Ali Martinez recently observed on Twitter that $XRP is consolidating in a triangle, hinting at a 30% price move. The funds initially attracted over $1 billion in cumulative net flows after their launch but have seen notable withdrawals since January.
The first significant outflows were $40.8 million on January 7 and $53.32 million on January 20. January ended with a $92.92 million withdrawal, making the month’s total net inflow a modest $15.59 million, far below the hundreds of millions seen in prior months.
February saw total monthly inflows rebound to $58.09 million, though days with zero flows began to appear. The recent week saw outflows of $18.11 million, $3.88 million, and $6.08 million on separate trading days.
Despite the capital flight from the ETFs, the XRP token’s price performed well last week. It rose from a low near $1.34 to a peak just above $1.45 before being halted and struggling below the $1.40 level.
