The XRP exchange-traded fund (ETF) market is showing unexpected trends as institutional investors remain hesitant to commit funds. Despite a recent uptick in XRP’s price, the total daily net inflow on the last trading day of March was $0.

XRP ETF Experiences Outflow

This figure is not a temporary anomaly, as XRP continues to navigate volatility within the institutional investment landscape. Approximately 48 hours prior, the XRP ETF experienced a significant outflow of $2.31 million, indicating a shift of capital towards other assets.

Cautious Optimism Among Investors

Some market observers view the $0 inflow as a sign of patience from investors, rather than outright rejection. Earlier in March, the XRP ETF had briefly reached a high of $1.35, representing a 3.24% increase in the last 24 hours.

Price Movement and Trading Volume

The coin’s trading volume has also increased by 7.8% to $2.01 billion, suggesting renewed interest from traders. XRP, like other altcoins, is currently benefiting from the positive momentum of Bitcoin and easing macroeconomic conditions.

Looking Ahead: Potential Price Targets

Traders are closely monitoring XRP’s price movement. A break above the $1.38 resistance level could lead to a retest of $1.50. Conversely, a fall below the $1.31 support could push the price back into the $1.25 to $1.30 range.

With April and May historically being bullish months for XRP, many market participants are hopeful for a resurgence in upward price momentum. The market is watching to see if the recent price increase is sustainable.

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