Another XRP ETF Streak Ended This Week as Ripple’s Price Slumps Below $2

Tuesday was the worst trading day for the ETFs since their inception.

After losing the longest daily net inflow streak for any cryptocurrency-based ETF on January 7, the spot XRP exchange-traded funds have marked their first week with more net outflows, bringing another era to an end.

The underlying asset has also suffered within the same timeframe, dropping below $2.00 and erasing much of the early 2026 gains.

Weekly Outflows Dominate

As reported at the time, the spot XRP ETFs registered their first red day on January 7 after being on a massive roll that continued nearly two months, since the first one, Canary Capital’s XRPC, debuted on November 13. Nevertheless, that week still ended with more net inflows as investors managed to offset the one-day losses.

The subsequent trading week was all green, with almost $57 million entering the funds. However, the first trading day of the previous week brought all that to an end, as investors pulled out $53.32 million, the largest daily net outflow ever for the XRP ETFs.

Given the fact that it was a shorter trading week, with Monday being MLK Day in the US, investors failed to rally and make up the losses. The net inflows for January 21 were just $7.16 million, followed by even more modest $2.09 million on Thursday, and $3.43 million on Friday.

Data from SoSoValue shows that the net outflows for the four-day trading period stand at $40.64 million, making it the first red week since XRPC saw the light of day. The cumulative net inflows have also declined from a peak of $1.28 billion to $1.23 billion.

XRP Suffers

After skyrocketing at the start of 2026 from under $1.90 to $2.40, XRP was quickly rejected and driven south to $2.10, where it spent several days. However, the broader market’s correction prompted by the growing geopolitical tension brought it to its starting positions of around $1.90 as of press time.

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Analyst CW believes the price moves over the ongoing weekend would be crucial for the asset’s near-term performance, especially since it has returned “within the convergence after a fake breakout.” They noted that XRP can finally rally but only after it breaks out of its current pattern.

$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. https://t.co/pYP2cHQNpb pic.twitter.com/b3I3RVg75d

— CW (@CW8900) January 24, 2026

Recent data from Santiment shows that traders have turned bearish on Ripple’s native token. However, their analysis shows that this could actually be a blessing in disguise that could lead to a price surge in the near future.