Key Highlights
- XRP is under strong selling pressure, down about 10% over the past week and struggling to stay above the $1.10–$1.30 range, with $1 acting as the key support level.
- Despite seven weeks of ETF inflows, XRP has still not broken higher and remains about 45% below its January peak.
- In the bull case, XRP holds above $1 and rebounds toward $1.35–$1.50, while in the bear case, it loses $1 support and slides into a deeper decline.
XRP slid to around $1.09 on Tuesday, down roughly 5% over 24 hours, as a broad crypto selloff pushed the token back toward the $1 level that has anchored its range for weeks.
The token is down more than 10% on the week and close to 20% on the month, with trading volume up about 10% to roughly $1.48 billion, according to CoinMarketCap. The bounce that formed in mid-June has faded, and the majority of June’s daily sessions have now closed lower than they opened.
The Big Question: Why Is XRP Down?
The simplest answer is that today’s move is not about XRP. Bitcoin lost the $65,000 level and set off a market-wide liquidation cascade — more than $700 million in positions wiped across crypto, the bulk of them longs — that pulled every major token lower. As a high-beta asset, XRP amplified the move rather than escaping it.
The trigger sits in macro. Since last week’s Federal Reserve meeting, markets have repriced from expecting rate cuts this year to bracing for at least one hike, lifting the dollar and pulling capital out of risk assets. The same flush hit Ethereum and the broader market on the same day, leaving XRP with no independent strength to resist the tide.
ETF Inflows Hold as Price Stays Heavy
XRP’s institutional demand has stayed positive even as price slipped. Spot XRP ETFs have now recorded seven straight weeks of inflows, with about $5.31 million arriving on June 22, led by Bitwise, for a monthly total above $29 million, according to SoSoValue.
That demand stands out against the wider tape, where XRP funds have repeatedly drawn capital while Bitcoin and Ethereum ETFs bled. XRP exchange reserves have fallen to multi-year lows as tokens move into ETF custody and long-term wallets, while futures open interest near $2.55 billion sits well below its earlier peak — a sign of lighter leverage, not heavier conviction.
XRP price fails to break $1.30 resistance
The latest drop came after XRP failed to break above the $1.30 resistance level, allowing sellers to take control again and push the price closer to the $1 support zone. Earlier in June, buyers stepped in around this level and helped the price recover. Another test of the same support could be more difficult. If buyers do not return with enough strength, sellers could push XRP below that level.
Buying activity in the current market has remained weak. Since the start of June, sellers have controlled 18 out of 26 daily candles, showing that downward pressure has been stronger than demand.
The short rebound seen in mid-June did not last long, and traders are now observing if the $1 level can attract buyers again.
At the same time, the Relative Strength Index (RSI) on the daily is currently at 40 and has failed to move above. Traders often use this indicator to measure momentum. When it stays below 50, it usually shows that sellers are still controlling the market. For now, market indicators suggest sellers remain in control.
Bearish and bullish scenarios
If XRP can manage to defend the $1 support and quickly push back above $1.25, it could force short sellers to close positions and drive a move toward $1.35 and possibly $1.50 if momentum builds. Strong ETF inflows and better market sentiment would be needed to support this move. However, if the price loses its support ground, it could break below $1 and move into a deeper correction.
Meanwhile, this comes as Ripple, earlier today, announced that it has received preliminary approval for a Crypto Asset Service Provider (CASP) license from Luxembourg’s financial regulator under the EU’s MiCa framework. But this approval is not final yet and still depends on additional conditions.
Also Read: Why is Ethereum (ETH) Price Down Today?
