XRP stayed around $1.9172 this week as spot trading volume softened and spot XRP ETFs posted their largest weekly outflow since launch. Data from SoSoValue showed that these funds lost more than $40 million over the week, leaving cumulative inflows at $1.23 billion. It was the first weekly outflow since the products started trading in November last year.
Among the funds, 21Shares’ TOXR was hit the hardest. In the spot market, XRP has struggled to move out of its recent range and remains about 20% below its year-to-date high of $2.41.
ETF weakness coincides with slower RLUSD growth
Pressure on XRP has not come from ETF flows alone. Third-party data indicates that growth in Ripple USD, or RLUSD, has cooled compared with earlier periods. The stablecoin’s market capitalization stands at about $1.3 billion, a level it has largely held for the past few months.
There were still some positive developments around the asset. Binance listed RLUSD this week, opening access to a much larger customer base. The stablecoin may also gain wider chain availability through an upcoming Wormhole integration.
Broader crypto weakness adds to pressure on XRP
XRP’s price action has tracked the softer tone across the digital asset market. Bitcoin has fallen to $89,000, while Ethereum has dropped below $3,000. At the same time, part of the market’s capital appears to be rotating into equities, with the Dow Jones and the S&P 500 trading near record highs. Gold and silver have also reached fresh highs this year.
That mix has left XRP without much short-term momentum. Lower spot activity and a turn in ETF flows have kept traders focused on downside risk rather than recovery.
Eight-hour chart points to $1.7712 as the next key support
On the technical side, XRP has declined from $2.4145 in recent weeks to about $1.9175. The eight-hour chart shows the token trading below the 50-period Exponential Moving Average, a sign that sellers remain in control. The chart has also formed a bearish pennant, a setup made of a sharp drop followed by a tightening symmetrical triangle.
That triangle is nearing convergence. If the price breaks lower, the next important support sits at $1.7712, the lowest level reached on December 19. That level is roughly 7.65% below the current price.