Key TakeawaysTechnical analyst ChartNerd forecasts XRP may decline to $1 through a liquidity sweep before reversing higher.Exchange-traded funds tracking XRP saw their first weekly capital exodus since January 30, with outflows exceeding $4 million.The digital asset currently hovers around $1.35 following a brief decline to $1.347 amid increased selling pressure.Ripple’s CEO Brad Garlinghouse expressed optimism about long-term holders being rewarded within a five-year timeframe.Large holder activity, tracked via the Flow 30-DMA indicator, has shifted positive for the first time since late 2024.XRP maintains its position near $1.35 following a challenging week characterized by institutional fund withdrawals, technical resistance, and cautionary price forecasts. Despite near-term headwinds, Ripple’s leadership maintains an optimistic long-range outlook.XRP PriceThe cryptocurrency declined from $1.3666 to $1.3554 throughout the previous 24-hour period, momentarily reaching $1.347 as trading activity intensified. Support emerged around the $1.35 threshold, with the asset subsequently consolidating within a narrow corridor between $1.35 and $1.37.Technical analyst ChartNerd shared analysis on X suggesting XRP might retreat to $1, highlighting significant liquidity concentration between $1 and $1.20. Additional liquidity pools exist around the $1.80 level.$XRP Liquidity Heatmap Move Brewing?SS Liquidity Stack = $1/$1.20 BS Liquidity Stack = $1.80 What wouldnt be suprising? A liquidity grab back to the lower $1.20/$1 SS range before sweeping the strong BS liquidity around $1.80..If so, March will be on track pic.twitter.com/HFVsXuqTKB— ChartNerd (@ChartNerdTA) March 7, 2026According to ChartNerd, the probable March trajectory involves an initial push toward $1.80, subsequently followed by a pullback into the $1 zone. This pattern represents a classic “liquidity grab” — a strategic price movement intended to activate stop-loss orders before a possible trend reversal.Exchange-Traded Funds Experience First Weekly Capital Flight Since JanuaryData from SoSoValue reveals XRP exchange-traded funds recorded net weekly withdrawals slightly exceeding $4 million. This represents the initial weekly capital exodus observed since January 30.Source: SoSo ValueThese investment vehicles attracted capital during the week’s opening three trading sessions before momentum shifted on March 5 and 6. March 6 witnessed particularly heavy redemptions totaling $16.62 million — representing the largest single-session withdrawal since January 29.Meanwhile, Bitcoin, Ethereum, and Solana ETFs experienced parallel outflows measuring $349 million, $83 million, and $8 million respectively throughout the identical timeframe.Ripple Executive Emphasizes Strategic PatienceSpeaking at the XRP Australia 2026 gathering, Ripple’s CEO Brad Garlinghouse conveyed to participants that today’s investors might discover themselves in a “very happy place” over a five-year horizon.XRP: Play the Long GameInstitutional adoption isn't coming it’s here. New financial giants are coming on-chain almost daily. The Outlook:• 5-Year Goal: Brad Garlinghouse says investors will be in a "very happy place" in 5 years. • The Target: He predicts a $5T+ total… pic.twitter.com/8hoj4l5wUy— 𝗕𝗮𝗻𝗸XRP (@BankXRP) March 5, 2026Garlinghouse highlighted the growing momentum behind institutional blockchain integration, encompassing asset tokenization, stablecoin deployment, and distributed ledger settlement infrastructure.He characterized advancement as incremental progression rather than a singular transformative event. “There’s not one switch; there are hundreds and thousands of switches,” he explained.Evernorth’s CEO Asheesh Birla emphasized that genuine financial industry transformation requires approximately a decade. He noted that immediate price fluctuations frequently fail to capture the underlying technological evolution.One encouraging blockchain metric: the XRP Whale Flow 30-DMA indicator has registered positive territory for the first instance in over ninety days, indicating renewed accumulation by substantial holders.XRP presently defends the $1.35 support threshold, with market participants monitoring closely for a decisive directional breakout.The post XRP Price Analysis: Potential Decline to $1 Looms as ETFs Experience Weekly Outflows appeared first on Blockonomi.