Bullish XRP signals are piling up. The price keeps falling.

XRP lost another major support level on heavy selling, with traders now focused on whether buyers can defend the $1.20 area after a 15-week low.

What to know:

• XRP slid more than 5 percent to about $1.20, breaking key support at $1.25 even as exchange balances fell and ETF inflows into crypto remained strong.
• The loss of $1.25 has turned that level into overhead resistance, leaving XRP stuck in a broader downtrend defined by lower highs and weak follow-through buying.
• Traders are watching the $1.20–$1.21 support zone closely, as a breakdown could open the door to $1.13–$1.15 while the tug of war between tightening supply and deteriorating price action keeps sentiment cautious.

In this article

BTCBTC$67,222.41◢4.15%

XRP keeps finding bullish narratives underneath the surface, but price keeps ignoring them. Exchange balances are shrinking, ETF money is still coming into crypto, and Binance inflows have slowed sharply.

None of that stopped XRP from losing another support level this week, which is usually a sign that technical selling is overwhelming longer-term accumulation.

News Background

• More than 25 million XRP left exchanges in recent days, reducing the amount of readily available supply for sale.

• Binance inflows fell to their lowest levels of 2026, a trend that would normally be supportive for prices over longer timeframes.

• Crypto investment products continued attracting fresh capital, with roughly $1.42 billion flowing into spot ETFs during the period.

Price Action Summary

• XRP dropped from $1.2712 to $1.2026 during the 24-hour session, losing more than 5%.

• The decisive move came during the June 2 14:00 UTC session, when volume surged to 205.7 million and pushed price through support at $1.25.

• XRP later fell as low as $1.1858 before recovering modestly and stabilizing near the $1.20 area into the close.

Technical Analysis

• The key story is that XRP is no longer reacting positively to bullish supply data. That's often what happens late in downtrends, when traders focus more on price action than fundamentals.

• The breakdown below $1.25 shifted that level from support into resistance, meaning any recovery attempt now faces overhead selling pressure.

• The bounce from below $1.19 showed signs of short-term seller exhaustion, but follow-through buying remained weak.

• XRP remains trapped inside a broader descending structure, with lower highs continuing to define the trend.

What traders should watch

• $1.20-$1.21 is now the most important support zone on the chart. Losing it would expose the $1.13-$1.15 area.

• $1.25 becomes the first recovery level bulls need to reclaim before sentiment can improve.

• The market is now caught between weakening supply on exchanges and deteriorating price action. Until one of those signals wins out, traders are likely to remain cautious.

More For You

The jump signals return of fear after two months of calm market sentiment.

What to know:

• Bitcoin's fear gauge, BVIV, surged nearly 20% Tuesday, its biggest single-day spike since Feb. 5.
• The jump signals return of fear after two months of calm market sentiment.

Bitcoin's 'fear gauge' surges nearly 20%, its biggest jump since Feb. 5 crash

9 minutes ago

Bullish crypto bets lose $1.6 billion as ETH, SOL, DOGE drop 9%

1 hour ago

Bitcoin plunges below $66,000 as global stocks, AI trades hit fresh records

1 hour ago

Mastercard expands on-chain settlement in bet on stablecoins and always-on finance

2 hours ago

Bitcoin's slide to $66,000 is accelerating a shift into digital dollars

3 hours ago

Bitcoin’s compute power dwarfs top 100 supercomputers by 600k times, says Bittensor co-founder

6 hours ago

Tom Lee predicts ether will hit $250,000 as corporate validators take over network control

11 hours ago

Bitcoin set for 'choppy summer' as capital chases high-flying AI stocks, K33 says

11 hours ago

Hyperliquid predicted 80% of oil move before traditional exchanges opened, says expert report

13 hours ago

Bitcoin derivatives markets flashing warning signs as price plunges below $70,000

17 hours ago

Strategy's bitcoin sale may mark start of ether outperformance, StanChart's Kendrick says

16 hours ago

Strategy sold bitcoin in late May, and told the market in June. Here's how Polymarket bettors are fighting over when it counts.

Jun 2, 2026