XRP ETF Tanks $92.9M: Is the Bull Run Over?

3 mins mins

Key Insights:

XRP ETF posts biggest outflow ever, but accumulation trend remains strong for now.
XRP tests the key $1.80 level as traders watch for bounce or further breakdown.
Institutional inflows still dominate, with only 3 red days out of 51 trading sessions.

*XRP ETF Tanks $92.9M: Is the Bull Run Over?*

On January 29, the XRP Spot ETF recorded a withdrawal of $92.9 million, marking its biggest outflow in a single day. This move came after over two months of steady inflows and has raised new questions among traders.

From November 13 to January 29, total ETF inflows reached $1.35 billion, while total outflows stood at $187 million. That leaves the fund with a net inflow of $1.16 billion. The data shows that across 51 trading days, 48 days posted net inflows, and only 3 days saw outflows.

The large outflow on January 29 is rare in the current trend, which has been marked by regular buying. Some market participants have taken this drop as a warning sign, while others view it as part of normal market movement.

Long-Term Accumulation Trend Still Intact

The XRP ETF chart shows an upward trend in net flows over the last two and a half months. The recent outflow, though sharp, has not changed the broader direction. The cumulative data shows that the fund has been growing steadily over time.

Institutional behavior still appears strong. The limited number of red days supports the view that larger investors are holding their positions. A short-term decline, while important, is not enough on its own to confirm a full reversal.

Crypto analyst Crypto Patel said,

“One bad day doesn’t erase 77 days of accumulation. Weak hands exit. Smart money stays.”

His comment reflects the overall view that the ETF structure remains stable, at least for now.

XRP Price Near Key Technical Level

A Wyckoff reaccumulation chart shows XRP may be forming a pattern called a “Spring”, where price dips below support before rising again. If this move holds, the next stage could be a recovery back into the prior range.

ChartNerdTA, who tracks these patterns, noted, “Another fractal signalling a ‘Spring’ below our support base for $XRP was Wyckoff, which has also become a legitimate potential if we lose our support base.” According to the chart, holding above support could keep the setup valid.

If XRP drops below $1.80 and stays there, the risk of a fall toward $1.50 increases. ChartNerdTA added, “Stay below $1.80, and that validity increases.”

Another fractal signalling a "Spring" below our support base for $XRP was wyckoff, which has also become a legitimate potential if we lose our support base. The $1.50 target is popping up on many of my short-term bearish fractals. Stay below $1.80, and that validity increases. https://t.co/BEq0pnKZuW pic.twitter.com/d57YDYD90c
— 🇬🇧 ChartNerd 📊 (@ChartNerdTA) January 30, 2026

XRP Price and Volume Today

At the time of writing, XRP was priced at $1.77. It has dropped 2.3% over the past 24 hours, and is down 6.8% over the last 7 days. Trading volume stands at $4.99 billion, showing strong activity despite the price decline.

Price is now sitting just below the $1.80 support zone. This level is seen as critical by short-term traders. If it holds, XRP may attempt a bounce. If not, the bearish targets may come into play.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.