Spot XRP exchange-traded funds kept drawing inflows last week, yet the token dipped below $2 on Monday after six straight days of declines tied to a weekend tariff threat from U.S. President Trump that rattled markets. Data shows ETF cumulative inflows reached about $1.3 billion and total ETF assets topped roughly $1.5 billion, with global XRP products adding about $70 million in the week ending Jan. 16.
More than $789 million in long positions were liquidated across crypto, including about $224 million in Bitcoin and $39.5 million in XRP, leaving roughly $875 million wiped from the market. Open interest in XRP futures fell to about $3.6 billion from a Jan. 6 peak near $4.6 billion, a 21.7% decline.
Onchain activity rose sharply, as the XRP Ledger recorded 2,575,561 transactions on Wednesday, matching July 2025 levels, yet price fell 18.5% from an eight-week high of $2.41. Demand for derivatives and spot buying did not prevent the drop.
The XRP/USDT pair is testing a daily order block around $1.96, where more than 1.78 billion XRP were acquired recently, with the next firm support near $1.78–$1.80 (about 1.84 billion XRP bought). A break below that zone could push price toward the $1.61 local low and the 200-week EMA near $1.41, and momentum indicators are at year lows (Ed. note: RSI hit its weakest level so far in 2026). A break below the channel support around $2 would likely extend losses, per the daily chart on TradingView.
