Ripple-linked XRP sinks 7% to four-month lows
XRP fell another 7% after losing key support levels, with traders weighing growing institutional demand against one of the token’s weakest technical setups in months.
• XRP investment products recorded $20.3 million in weekly inflows even as digital asset funds broadly suffered $1.5 billion in outflows.
• More than 25 million XRP left exchanges in recent days, extending a trend that typically signals longer-term accumulation rather than immediate selling pressure.
Price Action Summary
• XRP dropped from $1.2360 to $1.1497 during the 24-hour session, touching lows near $1.14 before recovering slightly.
• Volume surged to 248.2 million XRP during a support test, marking one of the largest trading bursts of the week.
• The selloff extended losses that began with the breakdown below $1.25, a level that had acted as support throughout much of the spring consolidation.
Technical Analysis
• XRP has now erased the entire $1.20-$1.60 trading range that defined the past four months, putting focus on support levels last tested during February’s selloff.
• The bigger issue is not the decline itself but the repeated failure of recovery attempts. Rallies in January stalled near $2.40, while a second rebound attempt in May failed around $1.54, reinforcing the broader downtrend.
• The monthly RSI has slipped below 43, a level reached only a handful of times in XRP’s history. Previous occurrences coincided with major market resets, though not necessarily immediate bottoms.
• A sharp bounce from the $1.14 area produced signs of short-term seller exhaustion, but volume outside the initial reversal remained largely routine, limiting confidence in the recovery.
What traders should watch
• $1.14-$1.15 is now the immediate support zone. A break lower shifts focus toward $1.11 and potentially the sub-$1.00 area highlighted by some bearish analysts.
• $1.28 has flipped from support into resistance and remains the first major level XRP would need to reclaim to stabilize sentiment.
