XRP Holds Near $1.14 as Whales Dump 30M Tokens, ETF Inflows Reach $1.45B

XRP News

Leading altcoins are losing direction as sell pressure dominates the broader market, and XRP sits squarely in that pressure zone. After being firmly rejected near the $1.30 resistance, the token has trended steadily lower, with buyers conspicuously absent. A weekly decline of roughly 1% looks modest beside the damage elsewhere, yet the chart structure has turned decisively bearish. Market participants now expect a renewed test of the psychologically important $1 support, a level that attracted demand in the past. Whether that same buying interest reappears remains uncertain, and for now sellers retain control across most major altcoin charts heading into what looks like a fragile stretch for the sector.

Only days earlier the picture looked very different. XRP had carved out a base near $1.05, a level that held through a wave of macro-driven selling, before staging a sharp rebound of roughly 8% to about $1.23. On-chain data pointed to large wallets quietly accumulating during the dip, with sizable amounts moving off exchanges and top-tier addresses expanding their balances. Observers tied that positioning to confidence in upcoming on-chain lending activity and the expansion of the RLUSD stablecoin infrastructure built on the XRP Ledger blockchain. Analysts cautioned, however, that the bounce arrived without heavy volume, leaving open the risk that it was a short-lived squeeze rather than a genuine trend reversal that could be sustained.

That caution proved warranted. On-chain data shows wallets holding more than one million XRP offloaded over 30 million tokens in just five days, trimming the cohort's combined balance from about 3.82 billion to 3.77 billion. As that supply reached spot exchanges, the price slid from above $1.30 toward the $1.12 region. Active addresses told a similar story, roughly halving from 50,000 to 25,000 in two weeks — a classic signal of fading demand that has left XRP far below its all-time high. Every major moving average now sits above the price, reinforcing the downtrend. Even so, supporters point to deepening ISO 20022 compatibility gradually embedding XRP into the cross-border payment rails used by traditional financial institutions.

The retreat was amplified by forced selling in the derivatives market, where cascading long liquidations accelerated the drop. Macro headwinds compounded the move: hawkish remarks from Federal Reserve Chair Kevin Warsh dented rate-cut expectations, while fresh Middle East tensions — including Israeli strikes that jeopardized a Trump-Iran framework — soured risk appetite across speculative assets and deepened fears of a prolonged bear market. Trading near $1.12, XRP had surrendered most of the support levels built during June's rally, with $1.05 flagged as the next key floor. Some short-term capital appeared to rotate into smaller, higher-risk projects. A daily close below $1.10, analysts warned, would sharply raise the odds of that $1.05 retest materializing.

The most decisive technical break came when XRP lost the $1.15 support that had underpinned the market since the move above $1.20. The token fell about 3.4% over 24 hours, sliding from $1.1873 to $1.1465, with the heaviest selling arriving around 15:00 UTC as volume spiked to roughly 134 million tokens — about 170% above average. Buyers stepped in near $1.13 but failed to reclaim the broken level into the close. Zooming out, XRP remains trapped within a year-long symmetrical triangle bounded by support near $1.10 and resistance around $1.25. With the pattern nearing its apex, a sustained break above $1.25 is widely seen as the trigger for the next directional move.

Institutional demand offered a counterweight to the on-chain selling. US spot XRP exchange-traded funds recorded $2.55 million in net inflows on June 18, swinging back to positive a day after stalling, with a single Bitwise product accounting for the entire amount. Cumulative net inflows for the category have reached about $1.45 billion, against total net assets near $995 million. The split suggests institutions are treating weakness as a buying opportunity even as whales distribute. Solana spot ETFs extended their run to a fourth straight day of inflows at $2.99 million, while Dogecoin, Chainlink and Avalanche products saw little to no fresh activity over the same session, underlining how selective current ETF demand has become.

COINOTAG's proprietary 42-indicator composite scoring engine rates immediate resistance at $1.1706 a strong 77/100, driven by the confluence of the Fibonacci 0.214 retracement, the R2/R3 pivots and the prior-day high; the next barrier at $1.2628 scores 70/100 off the Fibonacci 0.382 level and the 20-period EMA. On the downside, the $1.1136 shelf rates 69/100 (prior-day low, pivot point, a fresh MACD cross), with the firmer $1.0501 floor at 70/100. Derivatives data show a slightly negative funding rate of -0.0003% yet a crowded long/short ratio of 3.09 — 75.6% of accounts long against $646 million in open interest, a fragile setup if support cracks. With RSI at 39.83 and a Fear & Greed reading of 14 (Extreme Fear), reclaiming $1.1136 keeps the bullish case alive; a daily close below $1.05 invalidates it.