CoinDesk
XRP slid to $1.32 on Friday, hitting a 15-week low before stabilizing, as heavy selling repeatedly overpowered signs of accumulation including more than 25 million XRP leaving exchanges and continued spot XRP ETF inflows. The breakdown below $1.3320 came on 55.03 million in volume, and selling extended to $1.314 before a modest bounce brought XRP back toward the $1.32 handle. Spot XRP ETFs have now drawn roughly $1.42 billion in cumulative inflows, yet that demand has not been enough to flip the short-term structure.
Why it matters
The split tape is the story. More than 25 million XRP moved off exchanges after a large inflow earlier in the week, the kind of footprint that usually reads as investors rotating tokens into longer-term storage. Spot XRP ETF flows have stayed positive and cumulative demand is approaching $1.5 billion. Both signals are constructive on their own. Yet every recovery attempt has been sold into, with $1.34 repeatedly capping the upside and leverage already heavily flushed during May's move down from the $1.28 area.
Market impact
The chart structure stays weak while the divergence holds. Immediate support sits at $1.31 — a clean break there opens the way toward $1.28 and then $1.20, where buyers last stepped in during May. First resistance is $1.34, and above it sits a dense short-liquidation cluster between $1.34 and $1.40 that could trigger a sharp squeeze if reclaimed. Until one side resolves — either outflows start pulling price higher or selling finally exhausts — the tape stays defensive and lower highs remain the dominant pattern. Broader pressure has not helped: U.S. spot bitcoin ETFs just posted a record $2.97 billion outflow streak over ten sessions, weighing on the whole complex as XRP tried to base.
Frequently asked questions
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Why is XRP dropping if tokens are leaving exchanges?
More than 25 million XRP moved off exchanges this week, which usually signals accumulation, but every recovery attempt toward $1.34 has been sold into. The outflows and the spot price are giving opposite signals, and sellers have controlled the tape so far.
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What are the key support and resistance levels for XRP right now?
Immediate support is $1.31, with a break below opening the way toward $1.28 and then $1.20. First resistance is $1.34, and a dense short-liquidation cluster sits between $1.34 and $1.40 that could fuel a sharp squeeze if reclaimed.
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How much have spot XRP ETFs pulled in cumulatively?
Spot XRP ETFs have recorded roughly $1.42 billion in cumulative inflows. That demand has stayed positive but has not been enough on its own to reverse XRP's short-term downtrend.
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What triggered XRP's drop to $1.32?
XRP broke below $1.3320 on roughly 55.03 million in volume and selling extended toward $1.314 before a modest bounce. The session marked a 15-week low and extended a pattern of lower highs since the May flush from the $1.28 area.
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Could XRP bounce sharply from here?
A reclaim of $1.34 would put XRP into a dense short-liquidation zone between $1.34 and $1.40, which could trigger a fast move toward $1.37–$1.40. Until that level is taken back, however, the chart structure remains defensive and sellers still control the lower highs.
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