XRP spot ETFs post $5.15 million outflow as reserves hit seven-year low

XRP spot ETFs recorded a $5.15 million outflow on Thursday. The outflow was the largest since Sept. 2. Canary Capital's XRPC lost $1.37 million. 21Shares' TOXR accounted for the remaining $3.78 million according to SoSoValue. XRP ETFs remained up $9.60 million for the week. A weekly outflow above $9.60 million on Friday would end the potential 10-week inflow streak. Exchange reserves fell to a seven-year low near 1.7 billion XRP. Analyst Dark Defender said XRP was 25% below its August high. RLUSD accounted for 88% of stablecoin liquidity on the XRP Ledger. The network has a roadmap targeting quantum-safe cryptography by 2028. Cryptollica said XRP recently reached its lowest two-week RSI reading in 13 years. The reading was lower than the momentum levels during the 2018 bear market, the 2020 COVID crash, and the 2022 cycle bottom. XRP's long-term ascending support line connecting major lows from those cycles was still holding. Cryptollica said the outlook depended on whether XRP held that support. The current two-week RSI was 43.78. The historical low was 33.52. Both readings were above the standard oversold threshold of 30.