XRP extends crypto market slide as ETF outflows deepen pressure
Broader weakness in digital assets is pushing XRP to its lowest level since November 2024, reflecting fading demand across several parts of the crypto market. The token falls to 89 cents as U.S.-listed XRP exchange-traded funds record net outflows and stablecoin supply contracts, reducing liquidity available for crypto purchases.
Highlights
- U.S.-listed XRP ETFs saw net outflows of $19.13 million last week, marking the biggest withdrawal since March 2026 and intensifying XRP's 36% quarterly decline.
- XRP currently trades at 89 cents, its lowest since November 2024, as ETF inflows since launch total only $1.5 billion compared to multi-billion dollar bitcoin and ether ETF inflows.
- The combined market cap of USDT and USDC stablecoins fell to $244 billion, dropping $17 billion in a month, indicating the steepest contraction in stablecoin supply since 2022 and weaker crypto market buying power.
ETF withdrawals and shrinking liquidity weigh on XRP
As reported by Coindesk, citing SoSoValue, U.S.-listed XRP ETFs posted net outflows of $19.13 million last week, the largest withdrawal since March 2026. The pullback adds to pressure on XRP, which is down 36% this quarter and remains in a prolonged decline after rising above $3.60 in July 2025.XRP trades at 89 cents, its weakest level since November 2024. Since launching in November last year, XRP ETFs have attracted about $1.5 billion, a modest total compared with the several billion dollars drawn by bitcoin and ether ETF products.
Stablecoin contraction signals weaker crypto buying power
Outflows are also appearing elsewhere in the market, with bitcoin and ether ETFs recently seeing withdrawals as well. At the same time, the combined market capitalization of the two largest dollar-pegged stablecoins, USDT and USDC, has fallen to $244 billion, its lowest level since September 2025.Glassnode analysts say stablecoin supply is shrinking rapidly, dropping by $17 billion over the past month in the steepest decline since 2022. Because stablecoins are widely used to fund crypto purchases and cross-border transactions, that contraction points to weaker buying power across the broader digital asset market.
Earlier, we discussed U.S. spot ETF outflows that weighed on XRP by dampening institutional demand and sentiment.
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