XRP sinks to four-month lows as key support crumbles
In brief
- XRP fell to $1.15 from $1.24, marking levels last seen in February
- Token erased the entire $1.20–$1.60 range that defined the past four months
- Exchange outflows and ETF inflows suggest accumulation, but price action hasn't confirmed bullish signals
Breakdown Accelerates
The selloff came as digital asset funds broadly suffered $1.5 billion in outflows, dragging down XRP alongside the wider crypto market. Volume surged to 248.2 million XRP during the support test, marking one of the largest trading bursts of the week. Yet the rally failed to hold ground.
Technical damage has accumulated. The monthly RSI slipped below 43, signaling weak momentum. Prior rebound attempts failed to gain traction—rallies in January stalled near $2.40, and a second rebound attempt in May failed around $1.54. Now $1.14–$1.15 marks the immediate support zone, while $1.28 has flipped from support into resistance.
Accumulation Signals Below the Surface
Beneath the price weakness, accumulation signals persist. XRP investment products recorded $20.3 million in weekly inflows, and more than 25 million XRP left exchanges in recent days. ETF inflows, exchange outflows, and whale activity continue pointing toward accumulation underneath the surface. The divergence between on-chain behavior and price action leaves traders watching for confirmation.
XRP marked its 14th anniversary this week, commemorating the 2012 genesis event. Yet the token is approaching a critical inflection point—either buyers start defending the current range with conviction, or the market risks turning a four-month consolidation into a much larger breakdown.
"XRP is approaching a genuine inflection point. Either buyers start defending the current range with conviction, or the market risks turning a four-month consolidation into a much larger breakdown." — Source analysis
