XRP Price: Analyst Predicts Drop to $1 While ETFs Post First Weekly Outflows in Weeks
TLDR
- Analyst ChartNerd predicts XRP could fall to $1 in a liquidity grab before bouncing back.
- XRP ETFs recorded their first weekly net outflows since January 30, totaling over $4 million.
- XRP is currently trading around $1.35 after dipping briefly to $1.347 during heavy selling.
- Ripple CEO Brad Garlinghouse told investors they’ll be in a “very happy place” in five years.
- Whale activity, measured by the Flow 30-DMA metric, has turned positive for the first time in over three months.
XRP is trading near $1.35 after a rough week that saw ETF outflows, technical selling pressure, and a bearish analyst prediction. At the same time, Ripple’s CEO is telling investors to think long-term.
XRP Price
XRP slipped from $1.3666 to $1.3554 over the past 24 hours, briefly touching $1.347 during a surge in trading volume. Buyers stepped in to defend the $1.35 level, and the price has since stabilized in a tight range between $1.35 and $1.37.
Analyst ChartNerd posted on X that XRP could drop as low as $1, pointing to a liquidity stack between $1 and $1.20. There is also a liquidity stack near $1.80.
ChartNerd said the most likely scenario for March is a rally to $1.80 first, followed by a drop back to the $1 range. He described this as a “liquidity grab” — a price move designed to trigger stop-loss orders before a potential reversal.
XRP ETFs See First Weekly Outflows Since January
According to SoSoValue data, XRP ETFs posted net weekly outflows of just over $4 million. That marks the first weekly outflows since January 30.
Source: SoSo Value
The funds saw inflows in the first three days of the week but then reversed course on March 5 and 6. On March 6 alone, outflows hit $16.62 million — the largest single-day outflow since January 29.
Bitcoin, Ethereum, and Solana ETFs also saw outflows of $349 million, $83 million, and $8 million respectively during the same period.
Ripple CEO Calls for Long-Term Thinking
At the XRP Australia 2026 conference, Ripple CEO Brad Garlinghouse told attendees that current investors could find themselves in a “very happy place” within five years.
Garlinghouse pointed to accelerating institutional adoption of blockchain technology, including tokenization, stablecoins, and blockchain-based settlement systems.
Evernorth CEO Asheesh Birla added that real financial transformation takes closer to a decade. He said short-term price movements often don’t reflect the technological shift happening underneath.
One positive on-chain signal: the XRP Whale Flow 30-DMA metric has turned positive for the first time in over three months, suggesting renewed buying interest from large holders.
XRP is currently holding the $1.35 support level, with traders watching closely for a break in either direction.
The post XRP Price: Analyst Predicts Drop to $1 While ETFs Post First Weekly Outflows in Weeks appeared first on CoinCentral.
You May Also Like
Gold continues to hit new highs. How to invest in gold in the crypto market?
Whales Dump 200 Million XRP in Just 2 Weeks – Is XRP’s Price on the Verge of Collapse?
