XRP remains under heavy selling pressure after failing to break above the $1.30 resistance level. The token slipped toward $1.09, falling roughly 5% in 24 hours, while weekly losses moved beyond 10%.
Trading volume increased to approximately $1.48 billion, suggesting that market activity intensified during the decline. However, higher volumes did not support a recovery.
The decline leaves traders focused on whether buyers can defend support, rebuild momentum and prevent another wave of liquidations if bitcoin and other major assets continue weakening during upcoming sessions.
Broader Crypto Selloff Pressures XRP
The latest decline is not tied to XRP-specific developments. Bitcoin fell below $65,000, triggering a market-wide liquidation event that erased over $700 million in leveraged positions.
XRP behaves like a high-beta asset and moves more aggressively than Bitcoin during swings. When crypto weakens, traders reduce exposure to riskier tokens, causing sharper XRP declines.
Macroeconomic uncertainty has hurt sentiment. After the Federal Reserve meeting, investors lowered rate-cut expectations and considered tighter policy. A stronger dollar and higher rates pressure crypto assets as investors move toward safer holdings.
ETF Inflows Fail to Lift XRP Price
Institutional demand remains one of XRP’s stronger signals. Spot XRP ETFs have reportedly recorded seven consecutive weeks of inflows. Approximately $5.31 million entered these products on June 22, bringing monthly inflows above $29 million.
This pattern is notable because XRP funds continued attracting capital while some Bitcoin and Ethereum products experienced withdrawals. Exchange reserves have also fallen to multi-year lows as tokens move into ETF custody and long-term wallets.
However, ETF inflows have not created enough immediate demand to reverse the current crypto downturn. Futures open interest remains near $2.55 billion, below previous peaks.
XRP Fails at $1.30 Resistance
XRP’s rejection near $1.30 allowed sellers to regain control and push the token toward the critical $1 support zone. Buyers previously defended this area in early June, helping XRP recover temporarily. Other tests may be more challenging because repeated support tests can weaken demand.
Since the beginning of June, sellers have controlled 18 of 26 daily candles. This pattern confirms that bearish pressure has remained stronger than buying interest across the crypto market.
The daily Relative Strength Index is near 40 and remains below 50. Traders often view an RSI below 50 as a sign that sellers control momentum. XRP is not deeply oversold, meaning additional downside remains possible before buyers return.
Bullish and Bearish XRP Scenarios
In a bullish scenario, XRP holds above $1 and quickly recovers beyond $1.25. Such a move could force short sellers to close positions, potentially driving the price toward $1.35 and $1.50. Continued ETF inflows and stronger crypto sentiment would support that recovery.
In a bearish scenario, XRP loses the $1 support level and enters a deeper correction. Weak demand, tighter financial conditions, or another Bitcoin decline could accelerate selling.
Ripple has received preliminary approval for a service provider license from Luxembourg’s regulator under the European Union’s MiCA framework. However, the approval remains conditional and may not provide immediate price support.
Conclusion
XRP has been falling due to broader market weakness, macroeconomic concerns, resistance near $1.30, and weak momentum have outweighed positive ETF demand. The $1 level now represents the most important support. Holding it could create a recovery opportunity, while losing it may expose XRP to deeper losses. Traders should watch Bitcoin, ETF flows, RSI momentum, and overall crypto liquidity before expecting a lasting rebound.
