Whale Watch: Grayscale’s XRP Trust Sees Investors Head for the Exit
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Grayscale XRP Trust ETF, GXRP, recorded outflows of $2,307,600 on March 31, 2026, a sizable move for a vehicle with $61,787,418 in assets under management. The single-day withdrawal amounted to roughly 3.73% of AUM, signaling a meaningful bout of investor caution toward XRP-linked exposure.
The related asset, XRP-USD, is currently trading at $1.2999 after a steep 44.18% slide over the past three months. Technically, the token is flashing a bearish tone, with a 1-day signal at Strong Sell, aligning with the defensive posture seen in GXRP’s latest flows.
The sharp outflows may reflect mounting concern that XRP’s drawdown has further to run rather than setting up a bargain entry point. While some contrarian traders could view such heavy redemptions as capitulation, the combination of negative momentum and a strong sell technical bias suggests sentiment remains firmly risk-off for now.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.