Well, well, well. Looks like the XRP ETF party is over faster than a Liz Lemon lunch break. After riding high like a boss (or at least like Jack Donaghy thinks he is), the spot XRP exchange-traded funds have hit their first week of net outflows. Cue the sad trombone.
And just when you thought it couldn’t get any worse, the underlying asset decided to join the pity party, dropping below $2.00. Because, you know, why not? Early 2026 gains? More like early 2026 “where did my money go?” moments.
Weekly Outflows: The New Normal?
Remember when XRP ETFs were the cool kids on the block? Yeah, that was fun while it lasted. On January 7, they had their first red day after a nearly two-month winning streak. But hey, investors tried to save the day that week, offsetting the losses like a boss. Or so they thought.
The following week was all sunshine and rainbows, with $57 million flowing in. But then, faster than you can say “That’s a dealbreaker, guys,” investors pulled out $53.32 million in a single day. Ouch. Even MLK Day couldn’t save them, and the rest of the week was like a slow-motion car crash: $7.16 million here, $2.09 million there, and a measly $3.43 million on Friday. SoSoValue says the net outflows for the week were $40.64 million. RIP streak.
XRP: The Drama Queen of Crypto
XRP started 2026 like it was auditioning for a role in a blockbuster, soaring from under $1.90 to $2.40. But then, plot twist! It got rejected faster than a bad pickup line and dropped to $2.10. And just when it thought things couldn’t get worse, geopolitical tensions swooped in like a boss and sent it back to $1.90. Because why have a happy ending when you can have a soap opera?
Analyst CW (not to be confused with anyone from “30 Rock”) says this weekend’s price moves are crucial. Apparently, XRP is stuck in a “convergence after a fake breakout,” which sounds like something Tracy Jordan would say after too many energy drinks. But hey, if it breaks out of this pattern, it could rally. Or not. Who knows? This is crypto, after all.
$XRP is back within the convergence after a fake breakout.
The movement over the weekend is important.
A breakout of this pattern signals a rally.
– CW (@CW8900) January 24, 2026
Santiment data shows traders are bearish on Ripple’s token, but apparently, that’s a good thing? Because, you know, nothing says “price surge” like everyone being miserable. Makes total sense. In the world of crypto, down is the new up. Or something.
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2026-01-24 17:28