Institutional sentiment appears to be softening. Data tracking $XRP spot exchange-traded funds shows daily net outflows of about $6.08 million, while total net assets across these products remain close to $967 million.
The chart indicates that after several sessions of inflows earlier in March, ETF activity has turned negative with multiple red days in a row, signaling that some institutional investors may be reducing exposure or locking in profits following previous gains.
Despite the cooling ETF demand, $XRP has managed to maintain support above the $1.40 level, an area that traders are closely watching as a potential pivot for the next move.
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$XRP price analysis
From a technical perspective, momentum indicators suggest that bearish pressure is gradually fading. The relative strength index (RSI) currently sits near 50, reflecting neutral momentum and a balance between buyers and sellers.
$XRP price analysis | Source: Crypto.News
Meanwhile, the Awesome Oscillator has steadily climbed toward the zero line after spending several weeks in negative territory, a shift that typically indicates weakening downside momentum and the possibility of a trend reversal.
Additional support for market sentiment could come from developments around Ripple, which recently launched a $750 million share buyback program aimed at repurchasing shares from early investors and employees.
While the buyback does not directly affect $XRP supply, it is often viewed by market participants as a sign of confidence in the broader ecosystem surrounding the token.
Technically, $XRP faces immediate resistance near $1.45 to $1.50, a zone that has repeatedly capped recent rallies.
A decisive breakout above that level could open the path toward $1.60 and potentially $1.70, while failure to hold above $1.30–$1.35 could expose the token to renewed downside pressure.
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