XRP Drops Below $1.13 as CME Lists Futures, ETFs Add $7.44M, On-Chain Capitulation Builds

XRP News

Cardano founder Charles Hoskinson argued that XRP has already proven its strength in fast, low-cost cross-border payments and institutional settlement, but may need an additional layer to power its next growth phase. Speaking on a podcast, he said the ledger was engineered primarily for value transfer and works effectively as a payment rail, yet has not naturally opened into DeFi areas such as credit markets, automated liquidity pools and complex asset tokenization. His emphasis was less about any single partnership and more about direction: networks that specialize narrowly may find that programmable blockchain infrastructure becomes decisive as the broader market moves toward a multi-chain era.

A separate researcher revived a long-running debate over why this altcoin has failed to deliver the explosive rallies many holders expected. The discussion centered on a 2021 Citibank document, in which the phrase "Regulated Internet of Value" was later changed to "Regulated Liability Network" — a revision the analyst suggested may have been made because the Ripple connection had become too explicit. XRP reached $3.84 in the 2018 cycle and approached $3.60 in this one, yet spent most of the decade trading sideways. The researcher stopped short of calling it proof, framing suppression as one possible explanation rather than a confirmed fact and tying it to the Interledger Protocol.

The latest market-wide selloff hit XRP hard, dragging the token more than 4% lower over 24 hours and below the closely watched $1.13 support. Selling pressure intensified once that level gave way, accompanied by a notable surge in volume, and the price briefly slid to around $1.05 intraday. Technical readings remain weak: XRP continues trading inside a descending channel and below both its 100-day and 200-day moving averages. Analysts stress that reclaiming $1.13 is the first step toward stabilization, warning that a sustained break below the $1.10–$1.12 support band could expose the psychologically important $1.00 level and accelerate selling.

CME Group formally launched futures tied to the new Nasdaq CME Crypto Index, a cash-settled basket that bundles XRP, Stellar and Chainlink alongside Bitcoin, Ethereum, Solana, Cardano and Bitcoin Cash. The structure lets funds gain diversified exchange-traded exposure without directly buying or custodying the underlying tokens. On the first trading day, the standard XRP futures contract changed hands at $1.1090 with volume of 169 contracts, while the micro XRP contract traded at $1.1105 on heavier volume of 611 contracts. The stronger micro activity pointed to early interest from mid-sized trading firms and algorithmic participants seeking regulated, transparent access to the asset.

XRP-based spot ETFs recorded the strongest single-day inflow among major crypto investment products on June 9, pulling in $7.44 million in net new capital. Over the same session, Bitcoin funds bled $77.44 million and Ethereum products lost $40.85 million, while Solana ETFs added roughly $794,000. The divergence suggested institutional appetite for XRP held firm even as broader risk sentiment soured. Still, the inflow looks modest against XRP's total market value and daily turnover, meaning the data confirms continued interest without yet validating a durable price recovery. Spot direction, by most readings, remains unresolved after months of compression.

On-chain data points to capitulation among XRP holders, a phase that sometimes precedes a market bottom. The 90-day moving average of XRP's realized profit-to-loss ratio has fallen to 0.38, meaning that for every $1 of losses being locked in, holders are realizing just 38 cents in profit. That marks a sharp reversal from the 2025 peak, when profit-takers outweighed loss-sellers by roughly 50-to-1. A reading this far below 1 is widely read as a hallmark of exhaustion, when long-suffering holders finally sell. XRP, down nearly 40% year-to-date after topping $3.60 last July, may be entering the final stages of its bear market.

COINOTAG's proprietary 42-indicator composite S/R scoring engine rates the $1.1716 resistance at 73/100, driven by the confluence of the Fibonacci 0.214 retracement, the R3 pivot and the Ichimoku Tenkan line, while the nearer $1.1142 cap scores 71/100 on Pivot Point and MACD Cross signals. On the downside, the $1.0501 support carries a strong 78/100 score from the Donchian Lower band and a recent swing low. With RSI at 28.54 (oversold) and Fear & Greed at 9 (Extreme Fear), positioning looks stretched: derivatives data shows a 3.14 long/short ratio (75.9% long) against $625M open interest and barely positive funding, leaving crowded longs vulnerable. A daily close back above $1.1142 favors bulls; losing $1.0501 invalidates the bottoming thesis.