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XRP Price Analysis: Outflows from ETFs and declining momentum suggest a deeper correction:
XRP price hovers around $1.37 on Friday after recording four consecutive red candles this week and losing over 4%.
U.S.-listed spot ETFs recorded a new outflow of $5.83 million on Thursday, indicating a cautious stance.
Technical forecasts point to weakening momentum indicators, hinting at a deeper correction.
XRP's price trades at $1.37 on Friday, after experiencing four consecutive daily losses this week. Weakening momentum and changing institutional investor sentiment, reflected in new outflows from ETFs, negatively impact price movement, indicating a deeper correction ahead.
Institutional demand shows signs of caution
Data from SoSoValue shows that XRP spot ETFs recorded outflows of $5.83 million on Thursday, ending a two-day streak of inflows. If this outflow continues and intensifies, XRP's price could see further corrections.
Daily chart of net XRP spot inflows to ETFs. Source: SoSoValue
- Some signs of optimism:
Aside from the cautious signals shown by institutional demand, derivatives data indicate some optimism for XRP. The buy-to-sell ratio for XRP on CoinGlass reached 1.03 on Friday, approaching its highest level in a month after remaining mostly in the red since early April. This ratio, exceeding one, reflects a bullish market trend, with more traders betting on higher prices.
Chart of the buy-to-sell ratio for XRP. Source: Coinglass
Open interest funding rate data for XRP from CoinGlass turned positive on Friday, reaching 0.0015%, indicating that buyers are paying sellers and expecting a moderate bullish trend.
XRP funding price chart. Source: Coinglass

- Will the Pi Network token maintain its stability at the 50-day Exponential Moving Average?
Pi Network showed a short-term rebound above $0.1800 at the time of writing this report on Friday, while holding to a limited range as it stabilizes above the 50-day Exponential Moving Average at $0.1782.
The 100-day Exponential Moving Average at $0.1852 maintains the broader downward trend, even as the Moving Average Convergence Divergence (MACD) indicator remains in positive territory above its signal line, and the Relative Strength Index (RSI) at 53 hovers just above the midline, indicating only modest bullish momentum within a setup that still remains constrained.
On the upside, initial resistance is seen at the 100-day Exponential Moving Average at $0.1852 and the psychological level of $0.2000, while the farther 200-day Exponential Moving Average near $0.2328 represents a key barrier for any sustained rebound.
Daily PI/USD price chart.
On the other hand, the 50-day Exponential Moving Average provides immediate support at around $0.1782, and a clear break below this level would expose the recent price lows and signal that sellers are regaining control despite slightly positive momentum readings.
$PI