Is XRP Heading Towards $1 Amid Persistent Spot ETF Outflows?

Key takeaways XRP trades near $1.09 on Monday after declining more than 10% last week, with sellers maintaining control of the broader market. US spot XRP ETFs recorded $529,510 in net outflows last week, ending two consecutive weeks of positive institutional flows. XRP risks testing the psychological $1 support level as bearish technical indicators persist throughout the short-term frames.

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Ripple's XRP is undergoing a notable price correction, trading close to $1.09 on Monday after enduring a double-digit decline of over 10% across the previous week. Bears have effectively seized control of the market momentum, pushing the asset downward despite earlier bullish optimism surrounding institutional adoption and regulatory clarity.

A primary catalyst for this recent price slump is the shift in institutional demand reflected in ETF fund flows. After enjoying two consecutive weeks of positive net inflows, US spot XRP ETFs experienced a sudden reversal last week, posting $529,510 in net capital outflows. This exit of institutional money suggests that professional fund managers are temporarily scaling back risk, leaving the asset vulnerable to broader market weakness.

As institutional buying power fades, technical indicators continue to point toward potential downside risks for XRP. Market structure indicates that failure to defend current price levels could lead to a retest of the psychological $1.00 support threshold. Traders are keeping a close watch on this key level, as a breakdown below $1.00 could trigger additional stop-loss orders and deepen the ongoing correction.

This article does not constitute investment advice. The content provided here is solely for informational purposes and reflects the results generated by TradeitKN's AI analysis system. Before making any financial decisions, you should conduct your own research or consult with a licensed financial advisor.