XRP continues to find bullish narratives beneath the surface, but price continues to ignore them. FX balances are declining, ETF money continues to flow into crypto, and Binance inflows have slowed sharply.
None of this stopped XRP from losing another level of support this week, which is usually a sign that technical selling is outpacing long-term accumulation.
News context
• More than 25 million XRP has left exchanges in recent days, reducing the amount of supply readily available for sale.
• Binance inflows have fallen to 2026 lows, a trend that would normally support prices over longer periods.
• Crypto investment products continued to attract new capital, with around $1.42 billion flowing into spot ETFs during the period.
Price Action Summary
• XRP fell from $1.2712 to $1.2026 during the 24-hour session, losing more than 5%.
• The decisive move occurred during the June 2 session at 2:00 p.m. UTC, when volume surged to 205.7 million and pushed the price up to support at $1.25.
• XRP then fell as low as $1.1858 before recovering modestly and stabilizing near the $1.20 area at the close.
Technical analysis
• The key story is that XRP is no longer reacting positively to bullish supply data. This is often what happens at the end of downtrends, when traders focus more on price action than fundamentals.
• The break below $1.25 moved this level from support to resistance, meaning any recovery attempts are now met with broad selling pressure.
• The rebound below $1.19 showed signs of short-term seller exhaustion, but subsequent buying remained weak.
• XRP remains trapped in a broader descending pattern, with lower highs continuing to define the trend.
What traders should watch out for
• $1.20-$1.21 is now the most important support area on the chart. Losing it would expose the $1.13 to $1.15 area.
• $1.25 becomes the first recovery level that bulls must reclaim before sentiment can improve.
• The market is now caught between a weakening of supply on the stock exchanges and a deterioration in price movements. Until one of these signals prevails, traders will likely remain cautious.
