XRP ETF Outflows Hit $16.6M as XRP Price Holds $1.36

XRP now trades around $1.3649 inside a descending channel that has shaped price action since mid-February. Open interest dropped 2.61% to $2.30 billion, while trading volume fell 15.92% to $3.05 billion. Those figures point to weaker participation as traders wait for direction.

Short-term support sits in the $1.35 to $1.37 range. A break below that zone could expose the next demand area near $1.30-$1.28. On the upside, channel resistance stands between $1.40 and $1.42, while the Supertrend near $1.4082 adds another barrier.

Analyst CryptoWZRD said XRP closed indecisively and noted that the XRP/BTC pair may shape the next move. He added that holding above $1.3820 could strengthen the bullish case, but XRP remains just below that level for now.

XRP ETF Outflows Clash with XRP Whales Buying

Even as XRP ETF outflows rise, on-chain data shows that larger holders have been accumulating. Wallets tracked as whales increased their combined XRP holdings from 10.87 billion to 11.01 billion since March 5. That equals about 140 million XRP, valued near $200 million at current prices.

This buying has kept traders focused on a possible breakout setup. Some analysts see bullish divergence building while exchange outflows suggest coins are moving off trading platforms. That often points to stronger conviction among large holders.

XRP Whales | Source: Santiment

The daily chart also shows an ascending wedge forming from the late-February low near $1.1555. That pattern often breaks lower, though a push above $1.48 would weaken the bearish case. If buyers reclaim that area, XRP price could target the $1.60 to $1.70 zone, where sellers rejected previous rallies.