XRP Price Analysis: Potential Decline to $1 Looms as ETFs Experience Weekly Outflows
The post XRP Price Analysis: Potential Decline to $1 Looms as ETFs Experience Weekly Outflows appeared on BitcoinEthereumNews.com.
Key Takeaways Technical analyst ChartNerd forecasts XRP may decline to $1 through a liquidity sweep before reversing higher. Exchange-traded funds tracking XRP saw their first weekly capital exodus since January 30, with outflows exceeding $4 million. The digital asset currently hovers around $1.35 following a brief decline to $1.347 amid increased selling pressure. Ripple’s CEO Brad Garlinghouse expressed optimism about long-term holders being rewarded within a five-year timeframe. Large holder activity, tracked via the Flow 30-DMA indicator, has shifted positive for the first time since late 2024. XRP maintains its position near $1.35 following a challenging week characterized by institutional fund withdrawals, technical resistance, and cautionary price forecasts. Despite near-term headwinds, Ripple’s leadership maintains an optimistic long-range outlook. XRP Price The cryptocurrency declined from $1.3666 to $1.3554 throughout the previous 24-hour period, momentarily reaching $1.347 as trading activity intensified. Support emerged around the $1.35 threshold, with the asset subsequently consolidating within a narrow corridor between $1.35 and $1.37. Technical analyst ChartNerd shared analysis on X suggesting XRP might retreat to $1, highlighting significant liquidity concentration between $1 and $1.20. Additional liquidity pools exist around the $1.80 level. $XRP Liquidity Heatmap Move Brewing? SS Liquidity Stack = $1/$1.20 BS Liquidity Stack = $1.80 What wouldnt be suprising? A liquidity grab back to the lower $1.20/$1 SS range before sweeping the strong BS liquidity around $1.80.. If so, March will be on track pic.twitter.com/HFVsXuqTKB — ChartNerd (@ChartNerdTA) March 7, 2026 According to ChartNerd, the probable March trajectory involves an initial push toward $1.80, subsequently followed by a pullback into the $1 zone. This pattern represents a classic “liquidity grab” — a strategic price movement intended to activate stop-loss orders before a possible trend reversal. Exchange-Traded Funds Experience First Weekly Capital Flight Since January Data from SoSoValue reveals XRP exchange-traded funds recorded net…
Filed under: News - @ March 8, 2026 9:18 am