XRP sentiment wobbles as Grayscale trust sees fresh outflows
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
The Grayscale XRP Trust ETF, GXRP, recorded outflows of $2,307,600 on March 31, 2026, trimming risk exposure after a volatile quarter for the underlying token. With assets under management standing at $60,135,348, the latest redemption wave removed roughly 3.84% of the fund’s capital base in a single session, a sizable move for a niche crypto vehicle.
The related asset, XRP-USD, is currently trading at $1.3379 after a bruising three months that saw prices slide about 34.39%. Despite the drawdown, the 1-day technical signal on the token sits at a neutral Hold, suggesting traders are pausing rather than capitulating at current levels.
The scale of the GXRP outflow hints at institutional investors locking in gains from earlier rallies or cutting exposure amid broader risk-off currents in digital assets. Yet the modest AUM base means even mid-sized redemptions can translate into sharp percentage moves, complicating efforts to read this as a decisive shift in long-term XRP conviction.
Market watchers will be looking to see whether these withdrawals prove to be an isolated adjustment or the start of a more persistent bleed from XRP-focused products. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.