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Investors Drain Grayscale’s GXRP as XRP Slump Triggers an 8% One-Day Pullback

Investors Drain Grayscale’s GXRP as XRP Slump Triggers an 8% One-Day Pullback

Grayscale XRP Trust ETF saw investors pull back as GXRP logged outflows of $5.86 million on March 10, 2026, underscoring renewed caution around XRP-linked products. The latest redemption equals just over 8% of the fund’s $72.9 million in assets under management, a sizable single-day shift that hints at mounting unease after months of price weakness.

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The related asset, XRP-USD, is currently trading at $1.4697, having shed about 22.4% over the past three months as traders rotate toward higher-momentum tokens. Despite that slump, its short-term technical posture remains cautious rather than outright bearish, with a 1-day signal of Hold suggesting a market still searching for clear direction.

The combination of substantial ETF outflows and a drifting spot price highlights how sentiment toward XRP is turning more tactical, with investors quick to trim exposure on rallies and hesitant to add on dips. Still, GXRP retains a sizable asset base, indicating that core believers remain in place even as more nimble players reprice regulatory and market risks.

For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.

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