XRP (XRP) climbed 4% to $1.45 on Mar. 10, buoyed by a broader crypto market recovery and fresh infrastructure milestones from Ripple, even as spot XRP exchange-traded funds recorded their largest single-day net outflow since Jan. 29.
What Happened: Rally Amid ETF Outflows
The token had been rejected near $1.50 last week when the wider market rebounded following U.S. and Israeli strikes against Iran. It then slid to $1.32 on Sunday as Bitcoin (BTC) fell to $65,500.
XRP reversed course over the past 12 hours, reclaiming $1.45 for the first time since last Friday. The rebound coincided with remarks from President Donald Trump that the conflict with Iran is "very complete, pretty much."
Separately, Ripple's official account on X highlighted milestones for its payments infrastructure: more than $100 billion in processed transactions, presence in over 60 markets, 51 real-time rails, and RLUSD reaching a $1 billion market cap in under a year. Despite the price gains, data from SoSoValue showed investors pulled $18.11 million from spot XRP ETFs on Mar. 9 — the heaviest single-day net outflow since late January.
A seven-day inflow streak that began the prior week was broken on Mar. 5. Cumulative net inflows have since declined to $1.22 billion from a recent peak of $1.26 billion.
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Why It Matters: Technical Levels in Focus
Analyst CW noted that long positions on XRP continue to "increase gradually," suggesting traders are "quietly preparing for a rise."
Fellow analyst CryptoWZRD said XRP closed its previous daily candle indecisively and needs "more positive sentiment from XRPBTC, which will help the move." He identified $1.4230 as the threshold for positive territory, warning that a failure to reclaim that level could lead to further declines.
The divergence between rising spot prices and persistent ETF outflows underscores a market still divided on XRP's near-term direction.