Grayscale’s XRP Trust Bleeds Cash as Traders Turn Their Backs on Ripple Token
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The Grayscale XRP Trust ETF, GXRP, saw significant outflows on January 21, 2026, with investors pulling roughly $55.4 million from the product. The redemption wave hit a fund managing about $215.9 million in assets, meaning more than a quarter of its assets under management — 25.66% — exited in a single session.
Such a sharp drawdown in a single day suggests mounting investor unease around XRP’s near-term prospects and potentially a broader rotation within the crypto asset class. While Grayscale products have often been used as a proxy for institutional and high-net-worth sentiment, the latest move in GXRP underscores how quickly conviction can evaporate when performance and technicals turn against a token.
The related asset, XRP-USD, is currently trading at $1.8909. Over the past three months, XRP has lost about 27.14% of its value, a steep pullback that helps explain the heavy redemptions from the trust. Technically, the picture remains cautious: the 1-day signal is flashing Sell, hinting that momentum traders are still positioned defensively and that any near-term recovery could face resistance from lingering overhead supply.
For now, the combination of sizeable outflows, negative recent performance, and bearish short-term technicals marks GXRP as a focal point in the ongoing repricing of alt-coin risk. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.