New York, January 9, 2026, 06:31 (EST) — Premarket
- XRP was up about 0.4% at around $2.10 in early Friday trade.
- U.S.-listed spot XRP ETFs logged their first net outflows since a November launch, breaking a weeks-long streak of steady inflows.
- Traders are watching the U.S. jobs report due at 8:30 a.m. ET for fresh clues on the Federal Reserve’s rate path.
XRP edged higher on Friday morning, hovering near $2.10 as the market digested the first net outflows from U.S.-listed spot XRP exchange-traded funds and braced for the U.S. jobs report later in the day.
That matters because ETF flows have become a quick read on whether institutions are adding to positions or taking money off the table. For XRP, a run of uninterrupted inflows had been a rare steady tailwind in a market that often turns on a dime.
The timing is awkward. The U.S. Labor Department is set to release December employment figures at 8:30 a.m. ET, a report that can swing Treasury yields and the dollar — and, by extension, risk assets such as cryptocurrencies.
Spot XRP ETFs reported a combined $40.8 million exit on Wednesday, with 21Shares’ TOXR accounting for $47.25 million of outflows, CoinMarketCap reported, citing SoSoValue data. BTC Markets analyst Rachael Lucas called it “a notable shift,” but added the scale was modest versus the roughly $1.25 billion of net inflows since launch. CoinMarketCap
The pullback was not isolated. Spot bitcoin ETFs saw $486 million of net outflows on Wednesday, led by Fidelity’s FBTC and BlackRock’s IBIT, while Ethereum ETFs posted a $98.5 million net outflow, the CoinMarketCap report said. Presto Research associate Min Jung said investors appeared more comfortable taking positions in stocks than in digital assets.
XRP traded between $2.07 and $2.16 over the last 24 hours, CoinMarketCap data showed, leaving chart-watchers focused on whether the token can hold above the $2 mark, a level traders often treat as a psychological line. Lucas said XRP “could retest the $3 level” if inflows resume, though she tied that to broader market stability. CoinMarketCap
XRP is closely linked to payments firm Ripple. A U.S. judge ruled in 2023 that XRP sold on public exchanges did not meet the legal definition of a security, while certain institutional sales violated securities laws; the U.S. SEC ended its lawsuit against Ripple in 2025 after both sides dropped appeals, Reuters reported.
But the near-term risk is macro. A stronger-than-expected jobs report could push yields higher and trim expectations for rate cuts — a backdrop that has tended to pressure crypto prices — while sustained ETF outflows would test the idea that institutional demand is deep enough to absorb selling.
Next up is the 8:30 a.m. ET employment report, with traders also watching whether XRP ETF flows swing back to net inflows after Wednesday’s break in the streak.
