XRP Extends Slide Amid Selling Pressure…On-Chain Outflows and ETF Inflows Seen as Key Downside Support Factors
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Summary
- XRP is currently at $2.05, down 2.35% over 24 hours, while trading turnover surged 196%.
- On-chain data show $22.43 million in spot net outflows from exchanges, while in derivatives support at $2.017 and resistance at $2.113 have formed.
- Technically, a break below the $2.23 support and the 50-day EMA raises the prospect of a further drop toward $1.90, though holding horizontal support at $2.02 keeps the structural bullish case alive.
As selling pressure persists and XRP’s price remains weak, on-chain indicators and ETF fund flows are flashing mixed signals.
According to AMBCrypto on the 13th (local time), XRP posted another bearish daily candle and extended its downtrend. XRP is currently trading around $2.05, down about 2.35% over the past 24 hours. Turnover, however, surged 196% day on day to roughly $3.27 billion, indicating a sharp increase in market participation even as prices decline.
On-chain data show funds moving off exchanges. According to Coinglass, XRP spot netflow recorded a negative figure of about $22.43 million over a day. This suggests investors are withdrawing tokens from exchanges during the downturn, a signal often interpreted as pointing to potential near-term accumulation.
In derivatives, a clear “battle line” has formed by price zone. Coinglass data show cumulative long liquidation leverage piled up near $2.017 at roughly $36.15 million, acting as a key support level. Meanwhile, short liquidation leverage is concentrated around $2.113 at about $21.06 million, marking a near-term resistance zone. As a result, market attention is focused on the possibility that price could be drawn toward these liquidity clusters.
Some demand from traditional finance has also been observed. According to SoSoValue, U.S.-listed XRP spot exchange-traded funds (ETFs) saw net inflows of $4.93 million in a single day as of Jan. 9. Cumulative net inflows were tallied at about $1.22 billion, suggesting that institutional inflows are continuing despite near-term price weakness.
Technical indicators, however, still point to bearish control. AMBCrypto noted that XRP recently broke below both the $2.23 support level and the 50-day exponential moving average (EMA), intensifying downside pressure. If the move continues, an additional decline of about 6.5% could push price down to the $1.90 support level. The Average Directional Index (ADX) stood at 28.49—above 25—indicating a well-defined trend, with direction still tilted to the downside.
Still, a different reading is emerging from a medium- to long-term perspective. Some market analysts are highlighting that, on the weekly chart, XRP is holding horizontal support around $2.02. As long as that zone holds, they argue the structural bullish scenario has not been fully undermined.
