XRP drops to $1.32 as sellers overpower exchange outflows

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email 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. By Shaurya Malwa Jun 1, 2026, 5:41 a.m. 2 min read Make preferred on 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. XRP slid to its weakest level in more than three months as heavy selling overpowered signs of exchange outflows, leaving the market stuck between two competing signals. Tokens moving off exchanges usually point to accumulation, but price action is saying sellers still have control whenever XRP tries to recover. News Background • More than 25 million XRP left exchanges after a large inflow earlier in the week, suggesting some investors used the drop to move tokens into longer-term storage. • 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. Technical Analysis • The key issue is that accumulation signals are not yet showing up in price. Exchange outflows are constructive, but XRP continues to get sold into recovery attempts. • The breakdown below $1.3320 keeps the short-term structure weak, with $1.34 now acting as the first level buyers need to reclaim. • A large short-liquidation cluster sits between $1.34 and $1.40, meaning a sharp move higher is possible if XRP can break back into that range. • Until then, the tape remains defensive, with sellers still controlling the lower highs. What traders should watch • $1.31 is the immediate support. Losing it would put $1.28 and then $1.20 back in play. • $1.34 is the first recovery level. A reclaim could trigger momentum toward $1.37 and $1.40. • The setup is unstable because exchange outflows point one way while price action points the other. One side will have to give. XRP News More For You Bitcoin extends slide as spot ETF outflows hit a record while Wall Street rips on AI By Shaurya Malwa 30 minutes ago U.S. spot bitcoin ETFs lost $2.97 billion across 10 trading days through Friday, the longest outflow streak on record. Oil's bounce on the stalled Iran deal added pressure even as global equities hit new highs on the Nvidia and SoftBank AI trade. What to know : Global equities hit fresh records on the back of the AI trade, even as rising oil prices and Middle East tensions weighed on broader risk sentiment. Bitcoin and major cryptocurrencies declined over the past week amid a record 10-session, $2.97 billion outflow streak from U.S. spot bitcoin ETFs and sustained... Read full story Latest Crypto News Bitcoin extends slide as spot ETF outflows hit a record while Wall Street rips on AI 30 minutes ago Aave overhauls listing standards after $230 Million rsETH exploit exposed bridge risks 37 minutes ago Coinbase makes a major play for India’s booming $3 billion crypto market with local currency launch 6 hours ago A massive $1.26 billion sale of BlackRock’s IBIT was likely a rapid exit by a large investor 10 hours ago How the House Financial Services Committee is taking on tokenization: State of Crypto 11 hours ago How Stellar became part of DTCC's tokenization push for Wall Street securities onchain 12 hours ago Top Stories SEC sues Texas man over $12.3 million alleged crypto scheme built on fake AI trading bots May 30, 2026 Bitcoin's wild days are over — and Trace Mayer says that's a good thing 16 hours ago U.S. says it seized about $1 billion in Iranian crypto as pressure campaign expands May 30, 2026 Hyperliquid could become a ‘financial services juggernaut’ as DeFi expands, says Grayscale May 30, 2026 Bitcoin, ether, XRP, dogecoin lag a nine-week stocks rally as ETF demand cools May 30, 2026 U.S. CFTC opens crypto 'perp' door with first approvals at Kalshi, Coinbase May 29, 2026