Traders Hit the Brakes on Leveraged XRP Play as Outflows Grip ProShares Ultra Fund
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The ProShares Ultra XRP ETF, UXRP, saw investors pull $659,589 on January 29, 2026, marking a notable bout of risk-off positioning in leveraged XRP exposure. The latest move represents roughly 1.14% of the fund’s $57.73 million in assets under management (AUM), a meaningful single-day swing for a niche crypto-linked product.
The outflow underscores growing investor unease around short-term prospects for XRP after a choppy quarter. The related asset, XRP-USD, is currently trading at $1.665, having shed about 30.6% over the past three months. Technically, near-term momentum remains fragile, with the 1-day signal flashing Sell, a reading that appears to have reinforced the caution among leveraged ETF holders.
Given the fund’s 2x exposure profile, UXRP tends to amplify XRP’s directional moves, attracting more tactical traders than long-term holders. The latest redemption wave suggests that some participants are stepping back from leverage until clearer signs of support emerge in the underlying token’s price action, even as longer-horizon crypto investors weigh whether recent weakness could eventually set up a more attractive entry point.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.