XRP Slides Under $2 as $53 Million ETF Outflows and Stablecoin Pivot Pressure Market Outlook

XRP has fallen below the $2 level after a brief rebound to about $2.20 in mid-January, extending a week-long downturn that saw the price drop to $1.85 during a liquidity sweep. On January 20, XRP-linked ETFs registered roughly $53 million in outflows, their largest single-day withdrawal since launching in November 2025, adding to broader risk-off sentiment across U.S. markets. With XRP now trading below key moving averages and Ripple intensifying its focus on stablecoins like RLUSD for global settlement, investors are reassessing short-term demand for the token.