XRP Tests $1.10 Support as Whale Selling Counters ETF Inflows

Ripple (XRP) is testing a key support band near $1.10 after slipping below a widely watched technical level, as heavy 'whale selling' and weakening on-chain activity weigh on near-term sentiment—even while U.S. spot XRP ETFs continue to attract steady 'institutional inflows'. The divergence underscores a market split between shorter-horizon sellers and longer-term allocators positioning into weakness.

As of Thursday UTC (June 19), XRP was trading at $1.1296, down 3.22% over the past 24 hours. While the token’s seven-day performance remained relatively flat (-0.46%), longer windows show deeper drawdowns: XRP is down 17.67% over 30 days, 20.52% over 60 days, and 21.77% over 90 days. XRP’s market capitalization stood near $70.98 billion, keeping it in sixth place among major cryptocurrencies by market value.

Liquidity has also cooled. XRP’s 24-hour trading volume declined 5.05% to about $1.799 billion. Decentralized exchange (DEX) activity was minimal at roughly $933,000—around 0.05% of total volume—suggesting price discovery is being driven predominantly on centralized exchanges (CEXs).

Technically, analysts point to a breakdown from a 'rising wedge' pattern that formed after XRP rebounded from the June 6 low near $1.05. The token peaked around $1.29 in mid-June before sliding roughly 12% to current levels, placing it back in a contested zone that many traders view as critical for determining whether the selloff extends.

According to market commentary cited by Bitget, XRP is now trading below all major exponential moving averages (EMAs), reinforcing the bearish structure. The 20-day EMA sits near $1.1926, the 50-day at $1.2672, the 100-day at $1.3627, and the 200-day at $1.5700—levels that collectively form overhead resistance until reclaimed.

Chart watchers are focused on two immediate areas: resistance around $1.19–$1.20, which aligns with the prior wedge support now flipped into resistance, and support in the $1.10–$1.15 region where a 'fair value gap' (FVG) is identified. XRP is currently probing that support band. Some traders argue a daily close back above $1.20 would help invalidate the breakdown and restore the earlier price structure; a daily close below $1.10, however, could open the door to a retest of the June 6 low around $1.05.

On-chain data is adding to the cautious tone. Metrics referenced from Santiment and analyst Ali Martinez indicate wallets holding at least 1 million XRP collectively sold more than 30 million XRP over the past five days. Total holdings among this cohort fell from about 3.82 billion XRP to roughly 3.77 billion XRP, suggesting supply has been distributed into the market during the pullback.

Network participation appears to be fading as well. Active XRP addresses reportedly dropped from around 50,000 to about 25,000 over the past two weeks. Analysts generally interpret the combination of whale distribution and falling active addresses as a sign of 'demand contraction', particularly if not accompanied by a visible pickup in new buyers.

Yet, the ETF flow picture tells a different story. U.S. spot XRP ETFs recorded net inflows of about $2.55 million on Wednesday UTC (June 18), even as other crypto ETF products reportedly saw outflows. Data cited by U.Today also pointed to roughly $5.3 million of inflows around the mid-June local top, followed by additional net buying during the subsequent downturn—behavior consistent with larger investors using weakness to build positions rather than chasing momentum.

Bitget and U.Today framed the discrepancy as a clear split between 'short-term speculative' selling and institutions accumulating for longer-duration exposure. Whether ETF demand can translate into sustained price stabilization, however, may depend on whether inflows persist and whether spot price action can hold the $1.10 area without repeated breakdown attempts.

Beyond price action, some market participants continue to highlight XRP’s positioning around ISO 20022, the financial messaging data standard adopted across parts of the global payments industry. While recent discussion has not centered on a new formal certification, proponents argue that ongoing compatibility efforts support the narrative of gradual integration into cross-border payments infrastructure, particularly as traditional finance modernizes messaging rails.

Longer-term technicians are also monitoring what they describe as a multi-year structure. CoinGabbar pointed to a decade-long 'ascending triangle' visible on a two-month chart, suggesting XRP may be approaching a late-stage decision point in a broader cycle. In that framework, analysts emphasize conditions such as defending macro support near $0.85, reclaiming key moving averages, and ultimately breaking and closing above the $2.00–$2.10 resistance zone before higher upside targets become technically plausible. Still, such projections remain conditional and highly sensitive to market regime changes.

Macro conditions are complicating the outlook for XRP and the broader altcoin complex. A market briefing cited by Bitunix described synchronized weakness across Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and XRP, attributing part of the risk-off tone to uncertainty around the Federal Reserve’s policy path and shifting expectations for rate cuts. Historically, altcoins tend to be more 'liquidity-sensitive' than Bitcoin, amplifying declines during periods when easing expectations fade.

For now, XRP sits at the intersection of two forces: near-term selling pressure highlighted by whale distribution and waning on-chain engagement, and incremental institutional exposure via U.S. spot XRP ETFs. The $1.10 level is emerging as the immediate battleground, with the market watching closely to see whether support holds and stabilizes—or gives way to another leg lower.