Investors Drain Nearly 9% From Grayscale XRP Trust as Confidence Wavers
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
The Grayscale XRP Trust ETF, GXRP, saw outflows of $5.86 million on March 10, 2026, a sharp single-day retreat that underscores rising caution around XRP exposure. With assets under management now at $65.54 million, the latest redemption wave represents roughly 8.9% of the fund’s AUM, a meaningful vote of no confidence by holders.
The related asset, XRP-USD, is currently trading at $1.4753, having shed about 27.1% over the past three months amid broader volatility in large-cap altcoins. Despite the steep drawdown, XRP’s short-term technical stance remains muted, with a 1-day signal of Hold, suggesting traders are pausing rather than capitulating outright.
The sizeable redemption from GXRP hints that institutional and sophisticated retail investors are recalibrating risk after XRP’s underperformance against majors like Bitcoin and Ether. Yet the neutral technical reading implies that, for now, markets see the recent weakness as consolidation rather than the start of a deeper structural decline, leaving room for sentiment to swing quickly on fresh news or regulatory developments.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.