XRP falls to a four-month low as Bitcoin declines and spot BTC ETFs see $3 billion in outflows over 13 days.
XRP broke below its $1.28 support level on June 1, trading as low as $1.14 on volume of 96.26 million tokens. The decline coincided with a broader market selloff that pushed Bitcoin to $61,351, its lowest since February, and triggered a $3 billion outflow streak in spot BTC ETFs over 13 days.
The token now trades below all major moving averages, with weekly EMAs clustered between $1.50 and $1.78 and the 200-day SMA at $1.64. Whale withdrawals from Binance have dropped to a four-year low of 978 million XRP over 30 days, signaling reduced accumulation by large holders. However, wallets holding at least 10,000 XRP reached a record 332,230 in May.
XRP’s RSI stands at 27.55, indicating oversold conditions, while the $1.15 low aligns with its February 2026 demand zone of $1.11. Despite price weakness, institutional developments include CME’s launch of 24/7 XRP futures and Ripple’s expansion of its D.C. policy office.