Leverage Lovers Step Back as ProShares Ultra XRP Sees Notable Outflow
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ProShares Ultra XRP ETF, the UXRP, recorded an estimated $2.27 million outflow on April 02, 2026, trimming exposure to leveraged XRP just as volatility remains elevated. The move represents roughly 6.28% of the fund’s $36.1 million in assets under management, signaling a meaningful bout of risk reduction among investors.
The related asset, XRP-USD, is currently trading near $1.38, capping a bruising three-month slide of about 38% that has tested the conviction of bullish traders. Despite the drawdown, XRP’s 1-day technical signal remains a cautious Hold, hinting that markets may be pausing for direction rather than capitulating outright.
UXRP’s latest outflow underscores how fast money is recalibrating leverage in response to sharp price swings, even as spot indicators stop short of flashing a clear sell signal. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.