XRP ETFs Record Second Day of Heavy Outflows as Price Slips Below $2
United States-listed spot XRP exchange-traded funds recorded a net outflow of $53.31 million on January 21, marking the second consecutive day of withdrawals, according to data from SoSoValue.
The move suggests that investors continue to trim exposure following last week’s broader market pullback.
ETF outflows often reflect short-term risk aversion rather than long-term conviction shifts, but consecutive negative days tend to amplify caution around near-term price action.
For XRP, the timing of the withdrawals coincides with a period of technical weakness across the crypto market.
XRP Price Slips as Momentum Fades
XRP fell below the $2.00 level earlier this week and is now trading near $1.89, struggling to regain upside momentum. On the 4-hour chart, the asset remains below recent swing highs, with sellers defending rallies aggressively.
Momentum indicators reinforce the cautious tone. The Relative Strength Index (RSI) is hovering just above the oversold zone, suggesting selling pressure has eased slightly but not yet reversed. Meanwhile, the MACD remains in negative territory, indicating that bearish momentum is still dominant despite minor stabilization attempts.
Broader Risk-Off Backdrop Weighs on Crypto
The ETF outflows and XRP’s price weakness are unfolding against a wider risk-off environment. Renewed geopolitical tension and fresh tariff threats from U.S. President Donald Trump toward the European Union have pushed investors toward defensive assets, draining liquidity from risk markets, including cryptocurrencies.
As capital rotates away from digital assets, even large-cap tokens like XRP are feeling the impact, particularly when institutional vehicles show sustained redemptions.
What to Watch Next
Whether XRP can stabilize above the $1.85-$1.90 range may determine short-term direction. A rebound in ETF flows or a broader improvement in risk sentiment could help restore confidence.
Until then, traders are likely to remain cautious, watching for confirmation that selling pressure has fully exhausted.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
