XRP is trading at its lowest price since November 2024, as institutional capital exits digital-asset ETFs and stablecoin supply contracts sharply.
Bitcoin and Ethereum spot ETFs have posted net outflows for the past week. Bitcoin ETFs, approved in January 2024, and Ethereum ETFs, trading since May 2024, are both bleeding capital. The dual outflow creates immediate downward pressure on altcoins like XRP.
Stablecoin market capitalization has declined measurably over the past month. A shrinking stablecoin base means less dry powder sitting on exchanges—fewer dollars available to deploy into volatile assets. Without that liquidity cushion, selling pressure intensifies and bid support at key levels evaporates.
On-chain data shows reduced volume across major decentralized exchanges, directly tied to the stablecoin drain. Large institutional wallets that accumulated XRP in late 2024 are now showing net outflows, adding to the selling momentum.
The Crypto Fear & Greed Index sits at 10, marking extreme fear. That reading reflects sustained capital withdrawal and declining valuations across the board.
