The good, the bad, and what’s next

There is good news on the XRP ETF front. However, the property was rejected midweek.

The spot exchange-traded fund that tracks the performance of the second-largest altcoin was able to end the week with a profit for the first time in March, but the actual numbers were far from impressive.

Meanwhile, the underlying stock attempted a notable breakout during the week, but was rejected and forced south towards its opening position.

Green but not impressive

Remember the first trading day of the Spot XRP ETF? The first stock, Canary Capital’s XRPC, saw the light of day in mid-November, breaking the 2025 record for debut day trading volume. Four more similar funds followed suit, continuing massive green streaks that lasted well over a month, but saw only net inflows.

The financial instrument had collected more than $1 billion by the end of the year, with total net inflows of $666.61 million in November and $500 million in December. But now the tide has changed. January 7th marked the first deficit, but several even worse examples were observed in the same month.

Total net inflows decreased significantly from $15.59 million in January to $58 million in February. However, it has been in the red so far in March, with more than $31.5 million leaving the fund. The good news last week was that we ended the month with a profit for the first time. But the bad news is that the actual inflow was minuscule at just $636,480. A far cry from the millions seen so far.

Additionally, there was no activity on two of the trading days, with reportable inflows of $0.00 on March 18th and March 19th.

XRP progress has stopped

Ripple’s cross-border token joined the broader market rally in midweek. It skyrocketed from about $1.42 to a monthly high of over $1.60, but then stopped and headed south, initially to $1.55. However, over the next few days, and especially in the last 12 hours, market conditions deteriorated, with XRP falling below $1.40 earlier today.

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It has rebounded slightly above that level, but it still wiped out all of the week’s gains and is in about the same position as last Sunday.

Popular analyst Ali Martinez evaluated the asset’s price performance and provided a chart that could “provide a strong buying opportunity for XRP” when it touches an uptrend line.

This trendline could provide a strong buying opportunity for XRP. pic.twitter.com/rdyxCeal1s

— Ali Charts (@alicharts) March 20, 2026