XRP hit a 15-week low near $1.32, as sellers repeatedly overpowered attempts at price recoveries, according to reporting from CoinDesk.
Despite clear signals of investor accumulation, the token has struggled to maintain its value. Data cited by the outlet shows that more than 25 million XRP moved off exchanges recently, while spot XRP ETFs have drawn approximately $1.42 billion in cumulative inflows. Historically, such exchange outflows suggest investors are moving tokens into longer-term storage, yet these indicators have failed to shift the current downtrend.
Technical analysis provided by the source indicates that the market is stuck between two competing signals. While the outflows are constructive, the price action confirms that sellers remain in control whenever the token attempts a recovery. During the latest session, XRP dropped from $1.3384 to $1.3208 on a volume of 55.03 million, pushing the asset through a critical support level near $1.3320.
Market technicals and price outlook
Traders are now closely monitoring the $1.31 support level. If the price breaks below this point, it could open the way for further declines toward $1.28 and eventually $1.20. On the upside, $1.34 serves as the first major resistance level that buyers must reclaim to stabilize the short-term structure.
CoinDesk reports that a large cluster of short liquidations sits between $1.34 and $1.40. A successful reclaim of the $1.34 mark could trigger a sharp move into that range, potentially driving prices toward $1.37. However, the market remains defensive for now, with sellers maintaining control through a series of lower highs.
This volatility follows a period where leverage was heavily flushed during May, with most high-risk long positions liquidated as the price bounced from the $1.28 area. The current setup remains unstable as exchange outflows point toward potential strength while actual price action suggests continued weakness. As the source noted, "one side will have to give."
Broader market conditions have added pressure to the digital asset space. The outlet reported that U.S. spot bitcoin ETFs recently lost $2.97 billion over a 10-day period, marking the longest outflow streak on record. These movements occur as global equities reach fresh highs, driven by the ongoing AI trade, even as rising oil prices and geopolitical tensions in the Middle East weigh on overall risk sentiment.
