The price of XRP is holding steady near the $1.40 level even as institutional investors begin pulling money from XRP exchange-traded funds.
As of March 13, XRP was trading around $1.41, rising roughly 2.4% on the day. The token has been moving in a tight range after falling from highs near $1.90 earlier this year, showing that the market is still looking for a clear direction.
Recent data shows that XRP spot ETFs recorded about $6.08 million in daily net outflows. The shift suggests some large investors may be reducing their exposure or locking in profits after the token’s earlier rally.
Despite the weaker institutional demand, XRP has managed to hold above the important $1.40 support level. Traders are closely watching this price area because it could determine the token’s next move.
Technical indicators suggest that selling pressure may be easing. The Relative Strength Index is currently near 50, which usually signals neutral market momentum and a balance between buyers and sellers.
Another indicator, the Awesome Oscillator, is also moving toward the zero line after staying in negative territory for weeks. This often points to fading bearish momentum and the possibility of a trend reversal.
Meanwhile, blockchain company Ripple recently launched a $750 million share buyback program. While the move does not directly affect XRP supply, many investors see it as a sign of confidence in the wider Ripple ecosystem.
Looking ahead, analysts say XRP faces strong resistance between $1.45 and $1.50. If the token breaks above that zone, it could climb toward $1.60 or even $1.70. However, if the price falls below $1.30–$1.35, the market could see another wave of selling pressure.
