TLDR
- Technical analyst ChartNerd forecasts XRP may decline to $1 through a liquidity grab mechanism before recovering.
- For the first time since January 30, XRP ETFs experienced weekly net outflows exceeding $4 million.
- XRP maintains trading activity around $1.35 following a brief decline to $1.347 amid increased selling pressure.
- Brad Garlinghouse, Ripple’s CEO, shared optimistic predictions that investors will achieve significant gains within five years.
- Large holder activity shows positive momentum, with the Flow 30-DMA indicator turning bullish for the first time in three-plus months.
The digital asset XRP continues to hover around the $1.35 mark following a turbulent week characterized by capital flight from ETFs, downward technical pressure, and cautious analyst forecasts. Despite current headwinds, Ripple’s leadership maintains an optimistic long-term outlook.
Over the last 24-hour period, XRP experienced a decline from $1.3666 down to $1.3554, with a brief dip to $1.347 accompanied by elevated trading activity. Support emerged at the $1.35 threshold, where buyers defended the level, resulting in price consolidation within a narrow $1.35-$1.37 corridor.
In a recent post on X, technical analyst ChartNerd outlined a scenario where XRP could retreat to the $1 level, citing significant liquidity concentrations in the $1 to $1.20 zone. Additional liquidity appears clustered around the $1.80 price point.
$XRP Liquidity Heatmap ๐ฅ
Move Brewing?SS Liquidity Stack = $1/$1.20 โ ๏ธ
BS Liquidity Stack = $1.80 โ ๏ธWhat wouldnt be suprising? ๐ค
A liquidity grab back to the lower $1.20/$1 SS range before sweeping the strong BS liquidity around $1.80..If so, March will be on track ๐๐ป pic.twitter.com/HFVsXuqTKB
โ ๐ฌ๐ง ChartNerd ๐ (@ChartNerdTA) March 7, 2026
According to ChartNerd’s March projection, the most probable sequence involves an initial rally toward $1.80, subsequently followed by a pullback into the $1 territory. This pattern represents a classic “liquidity grab” โ a strategic price movement intended to activate stop-loss orders before a potential trend reversal.
First Weekly Capital Exodus From XRP ETFs Since Late January
Data from SoSoValue reveals that XRP exchange-traded funds experienced net weekly capital outflows totaling slightly above $4 million. This represents the initial weekly exodus since the end of January.
While the funds attracted capital during the week’s opening three days, sentiment shifted dramatically on March 5 and 6. The March 6 session alone witnessed outflows reaching $16.62 million โ representing the steepest single-day withdrawal since January 29.
Similar patterns emerged across the broader cryptocurrency ETF landscape, with Bitcoin, Ethereum, and Solana funds recording outflows of $349 million, $83 million, and $8 million respectively throughout the identical timeframe.
Ripple’s CEO Emphasizes Multi-Year Investment Horizon
During his appearance at the XRP Australia 2026 conference, Ripple’s chief executive Brad Garlinghouse encouraged participants to adopt a patient perspective, suggesting current stakeholders may experience substantial satisfaction within a five-year window.
XRP: Play the Long Game
Institutional adoption isn’t coming itโs here. New financial giants are coming on-chain almost daily.The Outlook:
โข 5-Year Goal: Brad Garlinghouse says investors will be in a “very happy place” in 5 years.โข The Target: He predicts a $5T+ totalโฆ pic.twitter.com/8hoj4l5wUy
โ ๐๐ฎ๐ป๐ธXRP (@BankXRP) March 5, 2026
Garlinghouse highlighted the growing momentum behind institutional blockchain integration, including asset tokenization initiatives, stablecoin deployment, and blockchain-powered settlement infrastructure.
Rather than viewing progress as a singular transformative event, he characterized it as an accumulation of incremental advances. “There’s not one switch; there are hundreds and thousands of switches,” he stated.
Evernorth’s CEO Asheesh Birla reinforced this perspective, noting that genuine financial sector transformation typically requires approximately ten years to materialize. He emphasized that near-term price volatility frequently obscures the fundamental technological evolution occurring beneath the surface.
A constructive development in on-chain metrics: the XRP Whale Flow 30-DMA indicator has shifted into positive territory for the first instance in more than three months, indicating renewed accumulation activity among large-scale holders.
XRP continues to defend the critical $1.35 support zone, with market participants closely monitoring for a decisive breakout in either direction.
