Overview
- XRP fell to roughly $1.14–$1.15 after a multi‑day sell‑off that erased the $1.20–$1.60 range and cut more than $10 billion from its market value.
- Citing Wednesday's ETF flows, U.S. spot XRP ETFs posted a $5.34 million net outflow that day, ending the inflow momentum that had helped defend price in May.
- On‑chain and derivatives moves intensified pressure as analysts flagged about 60 million XRP in large transfers and roughly $30 million in leveraged liquidations during the decline.
- Short‑term technicals are bearish with price below the 100‑hour moving average and a monthly RSI in the low‑40s while some analysts warn a break of $1.14–$1.10 could open a slide toward $0.84.
- Longer‑term chartists note XRP still sits inside a decade‑long ascending channel that could support a later rebound but a clear recovery needs sustained institutional inflows and a reclaim of levels above $1.32–$1.40.