TLDR
- Technical analyst ChartNerd identifies $1 as a possible liquidity grab zone before a potential reversal higher.
- XRP-focused ETFs experienced their first weekly net outflows since January 30, with over $4 million exiting the funds.
- The digital asset currently trades around $1.35 following a brief decline to $1.347 amid increased selling pressure.
- Ripple CEO Brad Garlinghouse suggested investors will reach a “very happy place” within a five-year timeframe.
- Large holder activity, tracked through the Flow 30-DMA metric, has shifted positive for the first time in more than three months.
XRP maintains a position near $1.35 following a challenging week characterized by ETF outflows, technical resistance, and cautious analyst projections. Meanwhile, Ripple’s chief executive encourages investors to adopt a longer-term perspective.
The token declined from $1.3666 to $1.3554 during the past 24 hours, with a brief dip to $1.347 accompanied by elevated trading volume. Strong buyer support emerged at the $1.35 threshold, leading to price consolidation within a narrow band between $1.35 and $1.37.
Technical analyst ChartNerd shared on X that XRP may decline to $1, highlighting a significant liquidity concentration between $1 and $1.20. Another liquidity cluster exists around $1.80.
According to ChartNerd, March’s probable path involves an initial rally toward $1.80, followed by a retracement into the $1 zone. He characterized this pattern as a “liquidity grab” — a strategic price movement that activates stop-loss orders ahead of a possible trend reversal.
XRP ETFs Record First Weekly Outflows Since January
SoSoValue data reveals that XRP ETFs experienced net weekly outflows exceeding $4 million. This represents the first weekly capital exit since January 30.
The investment vehicles attracted inflows during the initial three days of the week before shifting direction on March 5 and 6. March 6 alone witnessed $16.62 million in outflows — the highest single-day redemption since January 29.
Bitcoin, Ethereum, and Solana ETFs experienced corresponding outflows of $349 million, $83 million, and $8 million during the identical timeframe.
Ripple CEO Emphasizes Long-Term Vision
During the XRP Australia 2026 conference, Ripple CEO Brad Garlinghouse shared with participants that today’s investors may experience a “very happy place” over the next five years.
Garlinghouse highlighted the growing institutional embrace of blockchain infrastructure, encompassing tokenization, stablecoins, and blockchain-powered settlement mechanisms.
He characterized advancement as an accumulation of incremental developments rather than a singular breakthrough. “There’s not one switch; there are hundreds and thousands of switches,” he said.
Evernorth CEO Asheesh Birla emphasized that genuine financial transformation requires approximately a decade. He explained that short-term price fluctuations frequently fail to capture the underlying technological evolution.
One encouraging on-chain indicator: the XRP Whale Flow 30-DMA metric has registered positive readings for the first time in over three months, indicating renewed accumulation from substantial holders.
XRP continues defending the $1.35 support zone, with market participants monitoring closely for a decisive directional move.
