XRP reached a 15-week low at $1.32 before finding some stability, as traders assess whether this latest dip will create a support level or lead to further declines.
By Shaurya Malwa Jun 1, 2026, 5:41 a.m. 2 min readMake preferred onKey Points:
- XRP has plummeted to a 15-week low around $1.32, with sellers consistently overpowering recovery efforts, despite indications of tokens exiting exchanges.
- Over 25 million XRP have been transferred off exchanges, and spot XRP ETFs have seen total inflows of approximately $1.42 billion, but these signs of accumulation have not yet reversed the downward trend.
- Traders are monitoring support at $1.31 and resistance at $1.34, with a drop below $1.31 potentially leading to targets of $1.28 and $1.20, while reclaiming $1.34 could spark a surge towards $1.37–$1.40.
Article Insights
BTCBTC$73,255.63◢0.98%DOGEDOGE$0.1000◢0.73%XRP has experienced its lowest point in over three months as significant selling pressure has overshadowed signs of tokens being withdrawn from exchanges, creating a conflict in market signals. While outflows typically indicate accumulation, the current price movements suggest that sellers maintain control during attempts at recovery.
Background Context
• Following a substantial inflow earlier in the week, over 25 million XRP were removed from exchanges, indicating some investors may have utilized the dip to transfer tokens into long-term holdings.
• New inflows into spot XRP ETFs have been recorded, resulting in a cumulative total of around $1.42 billion, though this demand has not yet been sufficient to halt the downward momentum.
• The month of May saw a significant reduction in leverage, with most high-risk long positions being liquidated as XRP rebounded from around the $1.28 mark.
Price Movement Overview
• XRP declined from $1.3384 to $1.3208, reaching a 15-week low during the trading session.
• The critical breakdown occurred on a trading volume of 55.03 million, pushing the price below the support level of $1.3320.
• Selling pressure later pushed the price down to $1.314 before a slight recovery brought XRP back to around $1.32.
Technical Insights
• A primary concern is that accumulation signals have not translated into price improvements. While exchange outflows are encouraging, XRP continues to face selling pressure during recovery attempts.
• The breakdown below $1.3320 weakens the short-term outlook, with $1.34 now serving as the crucial level that buyers must recover.
• A significant short-liquidation cluster lies between $1.34 and $1.40, suggesting that a quick upward movement could occur if XRP re-enters this range.
• Until that happens, the market remains cautious, with sellers still dominating and creating lower highs.
What Traders Should Monitor
• Immediate support is at $1.31. If this level is breached, it could open the door to $1.28 and then $1.20.
• The first recovery level is at $1.34. A successful reclaim could lead to upward momentum toward $1.37 and $1.40.
• The current setup is precarious, as exchange outflows suggest one trend while price movements indicate another. A resolution is needed from one side.
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