TLDR
- Technical analyst ChartNerd forecasts XRP may decline to $1 as part of a liquidity grab strategy before rebounding.
- Exchange-traded funds tracking XRP experienced their first weekly capital exodus since late January, with over $4 million withdrawn.
- The digital asset currently hovers around $1.35 following a brief decline to $1.347 amid heightened selling activity.
- Ripple’s CEO Brad Garlinghouse expressed optimism for investors, suggesting they’ll be satisfied within five years.
- Large holder activity, tracked by the Flow 30-DMA indicator, has shifted positive for the first time in more than 90 days.
XRP is consolidating around $1.35 following a challenging week marked by investment fund withdrawals, downward technical momentum, and pessimistic price forecasts. Meanwhile, Ripple’s chief executive is encouraging stakeholders to maintain a long-term perspective.
The cryptocurrency retreated from $1.3666 to $1.3554 during the last 24-hour period, momentarily dropping to $1.347 as trading volumes spiked. Support emerged around the $1.35 threshold, and the asset has subsequently maintained a narrow trading corridor between $1.35 and $1.37.
Technical analyst ChartNerd shared insights on X, suggesting XRP might tumble to $1, highlighting a concentration of liquidity between $1 and $1.20. Another significant liquidity zone exists around $1.80.
According to ChartNerd, the most probable path for March involves an initial surge toward $1.80, subsequently followed by a retreat into the $1 territory. This pattern was characterized as a “liquidity grab” — a strategic price movement intended to activate stop-loss orders before a possible trend reversal.
XRP ETFs See First Weekly Outflows Since January
Data from SoSoValue reveals that XRP exchange-traded funds recorded net weekly redemptions exceeding $4 million. This represents the first weekly capital withdrawal since the end of January.
The investment vehicles attracted capital during the initial three trading days of the week before the trend shifted on March 5 and 6. March 6 alone witnessed outflows totaling $16.62 million — representing the most substantial single-day withdrawal since late January.
Crypto ETFs tracking Bitcoin, Ethereum, and Solana similarly experienced capital outflows of $349 million, $83 million, and $8 million respectively throughout the same timeframe.
Ripple CEO Calls for Long-Term Thinking
Speaking at the XRP Australia 2026 conference, Ripple’s CEO Brad Garlinghouse suggested that present-day investors might find themselves in a “very happy place” over the next five years.
Garlinghouse highlighted the growing institutional embrace of blockchain infrastructure, encompassing tokenization initiatives, stablecoin adoption, and blockchain-powered settlement mechanisms.
He characterized the evolution as incremental rather than revolutionary. “There’s not one switch; there are hundreds and thousands of switches,” he explained.
Evernorth’s CEO Asheesh Birla emphasized that genuine financial system transformation requires approximately ten years. He noted that short-term price fluctuations frequently fail to capture the fundamental technological evolution underway.
One encouraging blockchain indicator: the XRP Whale Flow 30-DMA metric has transitioned to positive territory for the first time in over 90 days, indicating renewed accumulation among substantial token holders.
XRP continues to defend the $1.35 support threshold, with market participants closely monitoring for a directional breakout.
