XRP Plunges 3% As ETFs Bleed Record $93M: What Is Going On?
Posted On January 30, 2026
XRP (CRYPTO: XRP) spot ETFs on Thursday suffered their largest single-day outflow, with $93 million in net redemptions on Thursday, as XRP dipped to $1.80 on Friday morning.
Record ETF Outflows Driven By Grayscale
Grayscale’s GXRP (NYSE:GXRP) drove the selloff with $98.39 million in redemptions, overwhelming modest inflows from other funds.
Canary’s XRPC (NASDAQ:XRPC) and Bitwise’s XRP ETF (NYSE:XRP) recorded $2.10 million and $2.41 million in daily inflows, respectively.
Despite the heavy redemptions, XRP spot ETFs saw $71.48 million in total value traded, indicating strong market participation.
As a result, total XRP spot ETF assets fell to $1.21 billion, down from $1.39 billion in the prior session, marking a $180 million single-day decline.
Price Action Shows Mounting Pressure
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