Ripple's XRP exchange-traded funds (ETFs) recorded their first month in the red in March, marking a significant downturn for the asset. After a strong debut, where the first spot XRP ETF by Canary Capital attracted over $1 billion in a month, March saw investors withdraw $31.16 million. This decline was exacerbated by global tensions and rising oil prices, leading to eight trading days with no inflows. The underlying asset, XRP, has also struggled, dropping over 3% weekly and nearing the critical $1.30 support level. Analysts warn that a fall to $1.26 could trigger mass liquidations of high-leverage long positions, further impacting the asset's performance.