XRP hits $1.01 low as whales accumulate and exchange reserves shrink
In brief
- XRP touched $1.01, its lowest 2026 price, approaching $1 for the first time since November 2024
- Whale flows averaged 5.143 million XRP daily over 90 days, indicating sustained accumulation
- Exchange reserves declined sharply: Binance shed ~100M XRP monthly; Upbit and Bybit also posted outflows
Exchange Reserves Decline Sharply
The most striking signal comes from major exchange outflows. Binance's XRP reserve fell to its lowest level since March after roughly 100 million XRP left the exchange over the past month. The exchange's balance stood at about 2.68 billion XRP on June 25, down from 2.78 billion XRP on May 12.
Upbit's XRP reserve fell to 2.48 billion XRP on June 25 from 2.51 billion XRP on May 31. Bybit's holdings declined to 82 million XRP from 92 million XRP on June 2. The pattern is consistent: exchange-held XRP supply continues to fall.
Binance withdrawals have exceeded deposits for seven straight days. More broadly, XRP withdrawal transactions have exceeded deposits for seven consecutive days since June 17, with the seven-day withdrawal share climbed to 53.8% on June 23, its highest reading since June 2024. Traders are moving XRP off exchanges, typically a sign of intent to hold or transfer to self-custody.
Whale Flows and ETF Demand Hold Steady
The accumulation story deepens when you look at whale behavior. Whale flows are holding positive, with XRP whale flow on the 90-day moving average staying positive throughout the quarter at 5.143 million XRP per day. Large wallets continue to net accumulate even as price falls.
Institutional interest is also visible in the spot ETF space. Spot XRP exchange-traded funds have attracted $243 million in inflows since April. Spot XRP ETFs recorded $2 million in net inflows on June 24, lifting June's total net inflows to $31 million. The inflows persist even as price weakness intensifies.
The Technical Setup
XRP touched $1.01 on Thursday, its lowest price of 2026, leaving the token close to its first move below $1 since November 2024. If it does break below that level, a fair value gap exists between $1 and $0.63, an unfilled price gap created during the sharp rally in late 2024.
Longer term, XRP has spent years building a large accumulation range with higher lows on both weekly and monthly timeframes. Extended consolidations often produce stronger breakout moves once the price eventually breaks out of the range. The divergence between price weakness and accumulation metrics suggests the market may be testing resolve before a larger move.
