XRP ETFs post $22.8M outflows as price falls to $1.36

Analyst Luke spots a weekly bull flag on XRP with a measured move to $11. At the same time, US spot XRP ETFs post two straight days of outflows.

Luke’s chart targets $11 on a classic bull flag after an 8‑month consolidation. He cites a pole-height move to $11 and a 1.618 Fib extension to $11.20. Source: Luke on X, Bitcoinist on consolidation.

A run to $11 implies roughly 700% upside from recent prices. Luke also flags institutional accumulation, hinting at a “parabolic leg.” Sources: Bitcoinist on 700% setup, Luke on X.

ETF flows turned negative. SoSoValue shows $6.15m and $16.62m net out on Mar 5 and 6. Aggregate net assets fell below $1b. Source: SoSoValue US XRP spot ETFs.

Short term, bears still press. CasiTrades sees room to $0.87 while price sits under $1.67 resistance. Egrag points to $0.85 after rejection at $1.55. Sources: CasiTrades on X, Egrag Crypto on X.

JB notes prior wicks filled into demand and says downside fuel looks limited if the HTF remains bullish. First reclaim try at $1.61 failed. Retests at $1.25 and $1 are in play. Invalidation for bears comes with a $1.61 reclaim and a break of diagonal resistance, which could restart the broader uptrend after ~15 months of correction. Sources: JB on X, Bitcoinist on HTF context, Bitcoinist on bearish structure.

Key levels and flows:
- Bull flag targets $11–$11.20 per Luke
- Reclaim needed: $1.61 per JB
- Retests eyed: $1.25 and $1 per JB
- Downside targets: $0.87 and $0.85 CasiTrades, Egrag
- ETF outflows: $6.15m, then $16.62m; net assets < $1b SoSoValue

At writing, the XRP price was roughly $1.36, about 2% lower on the day per the source article.