XRP is presenting some signs of weary legs as institutional capital declines and network activity does not offer enough offset as the asset struggles to remain near the $1.40 area. Spot XRP exchange-traded funds data shows that the capital outflows have extended into their longest losing streak since launch. 

The last few sessions have been characterized by withdrawals after cumulative inflows surpassed $1.21 billion, with single-day outflows of $18.11 million and $16.62 million on March 9 and March 6, respectively, alongside declines on March 12 and March 16, 2026, according to SoSoValue. 

Although inflows of $4.64 million and $1.98 million were registered on March 17 and March 20, 2026, respectively, these have failed to revive the XRP spot demand. Thus, total net assets have decreased to around $1.01 billion compared to a high of around $1.08 billion, which shows the outflow pressure and subdued performance of XRP. 

The move indicates that the institutional investors, who were central to the XRP rally, are taking a back seat as they either cash in or redirect funds to other assets due to a volatile macro environment.

Simultaneously, on-chain data is not very supportive. The weekly transaction volumes on the XRP Ledger have recently increased by 57% to 26.67 million, and weekly active addresses increased by 15% to 78,950. 

The total value locked for XRP remains stagnant, amounting to roughly $49.35 million, which indicates an increase but low activity in decentralized finance. 

Even the day-to-day transactional data speaks of inconsistency as the data shoots up to 3.25 million transactions one day and plummets to only 355,810 the following day, showing the intermittent nature of the usage as opposed to continuous growth.

Such divergence indicates that the improvements in raw activity measures are not being jump-started by substantial capital inflows or long-term user adoption. 

Effectively, the network is experiencing increased use among the participants instead of an increased user base or liquidity depth. Collectively, this data suggests an active and unconvinced market. The institutional flows are weakening, and there is no depth of on-chain growth. 

Also Read: XRP Hits $1B Milestone in Tokenized Assets: Price Still Flat Despite Ripple’s Moves

Conclusion

Without further inflows into ETFs or substantial growth in network-based capital, the potential rise of XRP is limited, and the price behavior will have to stay within the range and become prone to a series of selling pressures in the short-term perspective.