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XRP drops to $1.32 as sellers overpower exchange outflows
XRP hit a 15-week low before stabilizing, with traders watching whether the latest washout turns into a base or another leg lower.
Jun 1, 2026, 5:41 a.m. 2 min read
What to know:
- XRP has fallen to a 15-week low near $1.32, with sellers repeatedly overpowering attempts at price recoveries despite signs of tokens leaving exchanges.
- More than 25 million XRP have moved off exchanges and spot XRP ETFs have drawn about $1.42 billion in cumulative inflows, but these accumulation signals have not yet shifted the downtrend.
- Traders are watching support around $1.31 and resistance near $1.34, with a break below $1.31 opening the way toward $1.28 and $1.20, and a reclaim of $1.34 potentially triggering a sharp move toward $1.37–$1.40.
• Spot XRP ETFs recorded fresh inflows, bringing cumulative flows to about $1.42 billion, though that demand has not yet been enough to reverse the downtrend.
• Leverage was heavily flushed during May, with most high-risk long positions already liquidated as XRP bounced from the $1.28 area.
Price Action Summary
• XRP dropped from $1.3384 to $1.3208, hitting a 15-week low during the session.
• The key breakdown came on 55.03 million in volume, which pushed price through support near $1.3320.
• Selling later extended toward $1.314 before a modest bounce brought XRP back toward $1.32.
