XRP continued its decline, falling approximately 7% in the past 24 hours, briefly dipping to around $1.14, returning to its lowest level since February of this year. Although XRP-related investment products continue to attract funds, and exchange holdings continue to decline, these bullish signals have not yet translated into a price rebound.
The price broke below the consolidation range within 24 hours.
Data shows that XRP fell from $1.2360 to $1.1497 in a single trading day, hitting a low of nearly $1.14 before recovering only slightly. This decline continued the weak trend following its break below $1.25, a level that had been considered a key support for several months.
Trading volume surged significantly during the test of support, reaching approximately 248.2 million XRP in a single day, making it one of the largest trading peaks this week. This indicates a concentrated turnover around $1.14, but the rebound remains limited.
ETF inflows failed to drive a recovery.
Market data shows that XRP investment products recorded a net inflow of $20.3 million last week, while digital asset funds as a whole saw an outflow of approximately $1.5 billion during the same period. Meanwhile, over 25 million XRP have recently been transferred out of exchanges, continuing the trend of declining exchange balances.
Typically, increased outflows from exchanges are more indicative of medium- to long-term holdings rather than increased short-term selling pressure. However, this time, the inflow of funds and the transfer of shares failed to stabilize prices, indicating that the market is currently more concerned about whether the lower support level will continue to be breached.
$1.14 becomes the short-term focus
Looking at its price action, XRP has essentially retraced the range of $1.20 to $1.60 it traded over the past four months, returning to the price area tested during the February decline. The report noted that the January rebound was capped near $2.40, and the second rally in May stalled at $1.54, indicating persistent selling pressure above.
Currently, the $1.14 to $1.15 range is considered the first short-term support zone. If this level is broken, the market may further focus on $1.11, or even the area below $1. Conversely, $1.28 has shifted from support to resistance; if this level cannot be reclaimed, the potential for sentiment recovery remains limited.
The report also mentioned that XRP's monthly RSI has fallen below 43, a level that is unusual in its history and has appeared many times during significant corrections. However, this type of signal does not necessarily mean that the price will bottom out immediately.
