Key Takeaways
- Technical analyst ChartNerd forecasts XRP may dip to $1 as part of a liquidity grab strategy before rebounding.
- XRP-based ETFs experienced their first weekly capital exodus since late January, with outflows exceeding $4 million.
- The digital asset is hovering around $1.35 following a brief decline to $1.347 amid intensified selling pressure.
- Ripple’s CEO Brad Garlinghouse assured investors of significant gains within a five-year timeframe.
- Large-holder accumulation, tracked via the Flow 30-DMA indicator, has shifted positive for the first time in three months.
XRP continues to hover around the $1.35 mark following a challenging week characterized by investment fund withdrawals, downward technical momentum, and cautious analyst outlooks. Meanwhile, Ripple’s leadership encourages stakeholders to maintain a long-term perspective.
The cryptocurrency declined from $1.3666 to $1.3554 throughout the last 24-hour period, momentarily dropping to $1.347 as trading activity intensified. Market participants defended the $1.35 threshold, leading to price consolidation within a narrow $1.35 to $1.37 corridor.
Technical analyst ChartNerd shared insights on X suggesting XRP might retreat to $1, citing significant liquidity clusters positioned between $1 and $1.20. Additional liquidity concentrations exist around the $1.80 level.
According to ChartNerd’s March outlook, the most probable scenario involves an initial surge toward $1.80, subsequently followed by a correction into the $1 territory. This pattern represents what traders call a “liquidity grab”—a deliberate price movement intended to activate stop-loss orders before a potential trend reversal.
Investment Funds Experience First Capital Withdrawal Week Since Late January
Data from SoSoValue reveals XRP-focused exchange-traded funds registered net weekly withdrawals slightly above $4 million. This represents the initial weekly negative flow since the end of January.
These investment vehicles attracted capital during the week’s opening three trading sessions before reversing direction on March 5 and 6. March 6 alone witnessed $16.62 million in redemptions—the highest single-day withdrawal since late January.
Investment products tracking Bitcoin, Ethereum, and Solana similarly experienced outflows totaling $349 million, $83 million, and $8 million respectively throughout the identical timeframe.
Ripple’s Leadership Emphasizes Extended Investment Horizon
During remarks at the XRP Australia 2026 gathering, Ripple CEO Brad Garlinghouse projected that current stakeholders might achieve substantial satisfaction within a five-year window.
Garlinghouse highlighted the growing institutional embrace of distributed ledger technology, encompassing asset tokenization, digital dollar initiatives, and blockchain-powered payment infrastructure.
He characterized advancement as incremental rather than revolutionary. “There’s not one switch; there are hundreds and thousands of switches,” he explained.
Evernorth CEO Asheesh Birla emphasized that genuine financial system transformation requires approximately ten years. He noted that short-term valuation fluctuations frequently fail to capture the underlying technological evolution.
A constructive blockchain indicator: the XRP Whale Flow 30-DMA measurement has registered positive territory for the first time in more than ninety days, indicating renewed accumulation by substantial holders.
XRP maintains its position at the $1.35 support threshold, with market observers monitoring for directional momentum.
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