XRP spot ETFs recorded $1.84 million in net outflows for the week ended Oct. 16, ending a 13-week inflow streak, according to SoSoValue data. Analyst Ali Martinez said increased on-chain activity suggests $1.25 could mark XRP's bottom, with a potential rally toward $2 if that support holds. CryptoQuant data showed XRP reserves across all exchanges reached 11.81 billion on Oct. 17, the 99th percentile of the past year. CryptoQuant said high exchange balances combined with fading whale activity have historically preceded range-bound trading rather than a clear breakout. XRP spot ETFs' total net assets fell to $1.47 billion from $1.57 billion.