XRP has recently been trading in a narrow range between $1.28 and $1.30, displaying a pattern typical of descending channels characterized by lower highs and lower lows. Despite attempts to climb higher, the price encountered significant resistance in the $1.34 to $1.36 range. Technical indicators reveal that the Relative Strength Index (RSI) remains below the neutral mark of 50, suggesting weakening momentum as the trading volume also fails to show substantial growth.
Coinbase has reportedly reduced its holdings in XRP, with the exchange previously holding approximately 101.86 million XRP as of late March 2026. Recent data indicates that Coinbase experienced a net flow out of XRP ranging from a decrease of about 21 million to 95 million XRP over the past 30 days. This trend points towards large transfers being made either to self-custody wallets or to other exchanges, reflecting a shift in trading strategies among XRP holders.
In the broader market context, XRP-focused exchange-traded funds (ETFs) faced a net outflow of approximately $3.6 million last week. This decline stands in stark contrast to the performance of Bitcoin ETFs, which saw a notable net inflow of around $22 million during the same period. The differing trends between XRP and Bitcoin ETFs highlight the ongoing volatility and varying investor sentiment surrounding each cryptocurrency. Insights into weekly institutional ETF flows for both XRP and Bitcoin do not provide additional specifics regarding price movements or volume trends but emphasize the contrasting trajectories faced by the two assets.
