XRP drops to $1.32 as sellers overwhelm exchange outflows
In brief
- XRP fell to $1.3208, marking a 15-week low
- Heavy selling overpowered exchange outflows, signaling conflicting market forces
- Spot XRP ETFs recorded $1.42 billion in cumulative inflows
- Short-liquidation cluster at $1.34–$1.40 could trigger sharp recovery
Heavy Selling Meets Outflows
XRP dropped from $1.3384 to $1.3208, hitting a 15-week low during the session. The key breakdown came on 55.03 million in volume, which pushed price through support near $1.3320. Selling later extended toward $1.314 before a modest bounce brought XRP back toward $1.32.
The tension in the market is acute. More than 25 million XRP left exchanges after a large inflow earlier in the week, suggesting some investors used the dip to accumulate. Yet that constructive signal has not translated into price recovery. XRP continues to get sold into recovery attempts, leaving traders uncertain whether the latest washout marks a base or another leg lower.
Competing Signals and Liquidation Risk
Spot XRP ETFs recorded fresh inflows, bringing cumulative flows to about $1.42 billion, a sign of institutional interest. Leverage was heavily flushed during May, with most high-risk long positions already liquidated as XRP bounced from the $1.28 area, meaning some of the downside risk may already be priced in.
The setup is unstable. A large short-liquidation cluster sits between $1.34 and $1.40, meaning a sharp move higher is possible if XRP can break back into that range. If sellers lose momentum and XRP reclaims that zone, a squeeze could unfold quickly. For now, traders are watching whether the current level holds or rolls over again.
Broader Market Context
The XRP weakness is part of a wider crypto drawdown. U.S. spot bitcoin ETFs lost $2.97 billion across 10 trading days through Friday, the longest outflow streak on record, signaling investor caution across digital assets. XRP's struggle reflects that same uncertainty.
