CoinDesk
XRP dropped more than 5% to about $1.20 over the 24-hour session, breaking key support at $1.25 and tagging a 15-week low as heavy selling overwhelmed a string of otherwise bullish supply signals. The decisive move came during the June 2 14:00 UTC session, when volume surged to 205.7 million and pushed price cleanly through the $1.25 floor, before XRP briefly traded as low as $1.1858 and stabilized near $1.20 into the close.
Why it matters
The split between fundamentals and price is the real story. More than 25 million XRP left exchanges in recent days, Binance inflows fell to their lowest levels of 2026, and crypto investment products absorbed roughly $1.42 billion in spot ETF inflows over the same period — all of which would normally be supportive for prices over longer timeframes. None of it mattered this week, which is the kind of disconnect that tends to show up late in a downtrend, when traders focus on price action rather than accumulation data.
Market impact
The loss of $1.25 has flipped that level into overhead resistance, leaving XRP trapped in a broader descending structure defined by lower highs and weak follow-through buying. Traders are now watching the $1.20–$1.21 support zone closely; a clean break opens the door to $1.13–$1.15, while reclaiming $1.25 is the first hurdle bulls need to clear before sentiment can improve. The bounce from below $1.19 showed short-term seller exhaustion, but until the tug of war between tightening supply and deteriorating price action resolves, positioning is likely to stay cautious — and the same session that broke $1.25 saw nearly $1.84 billion in leveraged crypto positions liquidated, with the single largest unwind a $59.67 million BTC-USDT long on HTX.
Frequently asked questions
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Why is XRP falling when exchange supply is shrinking?
More than 25 million XRP left exchanges recently and Binance inflows hit 2026 lows, but technical selling overwhelmed those bullish supply signals. Price action detached from accumulation data — a pattern that often appears late in downtrends.
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What support levels are traders watching for XRP now?
The $1.20–$1.21 zone is the most important support on the chart. A breakdown could expose $1.13–$1.15, while $1.25 has flipped from support into resistance and is the first level bulls need to reclaim.
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How much did XRP drop in the latest session?
XRP fell from $1.2712 to about $1.2026, losing more than 5% in 24 hours and tagging a 15-week low of $1.1858. The decisive break below $1.25 came during the June 2 14:00 UTC session on 205.7 million in volume.
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How much money flowed into spot crypto ETFs recently?
Crypto investment products attracted roughly $1.42 billion in spot ETF inflows over the period covered, even as XRP continued to slide. Strong ETF demand for BTC and ETH has not yet translated into broader altcoin strength.
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What was the largest liquidation in the session?
The single biggest unwind was a $59.67 million BTC-USDT long on HTX, part of nearly $1.84 billion in leveraged crypto positions liquidated in 24 hours — the largest wipeout since February 5.
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