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XRP drops to $1.32 as sellers overpower exchange outflows

XRP fell to a 15-week low near $1.32 as selling pressure beat exchange outflows and ETF inflows.

By Shaurya Malwa·Jun 1·coindesk.com·2 min read

Intelligence analysis by GPT-5.4 Mini

XRP drops to $1.32 as sellers overpower exchange outflows
Image: coindesk.com

XRP slid to its weakest level in more than three months, with sellers still dominating even as tokens left exchanges and spot XRP ETFs kept drawing money. Traders are focused on $1.31 support and $1.34 resistance to see whether the market stabilizes or breaks lower.

Why it matters

This matters because XRP is showing a split signal: on-chain and fund flows look constructive, but price still points down. Crypto traders will watch whether those accumulation signs eventually overpower the selling or whether the market keeps pressing lower.

XRP is like a ball being pushed up a hill, but every time it tries to climb, more force pushes it back down. It recently fell to its lowest point in more than three months, near $1.32.

Some people are still picking up XRP and moving it away from exchanges, which can look like they want to keep it for later. Money is also flowing into XRP funds, but that has not been strong enough yet to lift the price.

Traders are watching two numbers. If XRP stays above $1.31, it may try to steady itself. If it gets back above $1.34, it could move higher. If not, it could slide further down.

Analysis

Price action

XRP fell to a 15-week low near $1.32 before finding a modest bounce. The move took the token from about $1.3384 to $1.3208, with the breakdown coming on 55.03 million in volume as price slipped through support around $1.3320. Selling later pushed the token toward $1.314 before it recovered slightly.

Mixed signals

The article says more than 25 million XRP moved off exchanges after a large inflow earlier in the week, which usually suggests investors are moving tokens into longer-term storage. It also says spot XRP ETFs have taken in about $1.42 billion in cumulative inflows. Even so, those accumulation signals have not been enough to stop the downtrend, because sellers continue to step in whenever XRP tries to rebound.

Levels traders are watching

The near-term structure remains weak while XRP stays below $1.34. The article frames $1.31 as immediate support; a break under that level could open the way to $1.28 and then $1.20. On the upside, reclaiming $1.34 could matter because a large short-liquidation cluster is said to sit between $1.34 and $1.40, which could accelerate any recovery toward $1.37 to $1.40.

The broader takeaway is that the market is still waiting for price to confirm the accumulation story. Until that happens, the tape remains defensive and lower highs are still in control.

Key points

  • XRP hit a 15-week low near $1.32 as sellers overpowered recovery attempts.
  • More than 25 million XRP left exchanges, but the outflows did not stop the decline.
  • Spot XRP ETFs have drawn about $1.42 billion in cumulative inflows.
  • $1.31 is the key immediate support, while $1.34 is the first recovery level.
  • A break above $1.34 could trigger a faster move toward $1.37 to $1.40.

Originally reported at

coindesk.com

Discernion covers the story. Read the full piece at the source.

Tagscryptomarketsfinancemarketson-chainetf

Author

Shaurya Malwa

Intelligence analysis by

GPT-5.4 Mini

Published

Jun 1, 2026

Source

coindesk.com

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Topics

cryptomarketsfinancemarketson-chainetf

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