XRP faces potential slide under $1 threshold, though blockchain metrics reveal hopeful indicators
While XRP inches closer to breaking below the $1 mark on a daily basis, growing whale holdings and declining exchange reserves suggest accumulation by market participants.
Currently hovering slightly above the $1 threshold, XRP finds itself at the year's most vulnerable price point, yet blockchain metrics tell a more optimistic story.
XRP holdings across centralized exchanges keep diminishing, Binance has experienced net withdrawals surpassing deposits throughout a seven-day period, whale transaction flows maintain positive territory, and spot XRP exchange-traded funds (ETFs) have collected $243 million in capital since April.
These enhanced blockchain indicators suggest robust network fundamentals, despite XRP's ongoing quest to establish a price floor.
Exchange-held XRP inventory steadily diminishes
Cryptocurrency researcher Amr Taha observed that Binance's XRP holdings have dropped to their lowest point since March following an exodus of approximately 100 million XRP tokens during the last month. The exchange's reserves registered around 2.68 billion XRP by June 25, marking a decrease from the 2.78 billion XRP recorded on May 12, representing the most substantial withdrawal activity among prominent trading venues.
Additional exchanges witnessed comparable but smaller reductions. The reserve at Upbit decreased to 2.48 billion XRP on June 25 compared to 2.51 billion XRP on May 31, whereas Bybit's inventory contracted to 82 million XRP from the 92 million XRP held on June 2. While Binance demonstrated the largest outflows in absolute terms, Bybit experienced the most pronounced percentage-based reduction.
Taha additionally pointed out a noteworthy transformation in Binance's transaction patterns. Withdrawal transactions involving XRP have surpassed deposit transactions for seven straight days beginning June 17. The withdrawal proportion over seven days rose to 53.8% by June 23, marking the highest figure recorded since June 2024, whereas deposits dropped to 46.1%, representing the lowest point since 2024.
This particular metric measures transaction frequency as opposed to total XRP volume. The data suggests participants are transferring tokens away from Binance with greater frequency than depositing them onto the platform, constituting the most extended withdrawal-dominant period in approximately twelve months.
Major XRP stakeholders reinforced this pattern. The 90-day moving average for XRP whale flow has remained in positive territory across the entire quarter at 5.143 million XRP daily, demonstrating sustained net buying activity by substantial wallets rather than selling pressure.
Institutional participation has provided additional backing. Spot XRP ETFs captured $2 million in net capital inflows on June 24, bringing June's aggregate net flows to $31 million. From April onward, cumulative inflows have totaled $243 million.
XRP valuation nears critical support territory
Examining the technical perspective, the broader time-frame market structure continues to exhibit bearish characteristics for this digital asset. XRP descended to $1.01 on Thursday, establishing its weakest valuation of 2026, positioning the cryptocurrency on the brink of its first breach below $1 since November 2024. This downturn has resulted in a 43% year-to-date depreciation for XRP.
The subsequent critical zone for XRP resides within the fair value gap spanning from $1 down to $0.63, representing an unoccupied price range established during the rapid price surge in late 2024 that may draw purchasing activity should the downward movement persist in upcoming weeks.
Versan Aljarrah, founder of Black Swan Capitalist, maintains emphasis on the extended-term chart analysis. This analyst indicated XRP has dedicated years constructing an extensive accumulation zone characterized by rising lows across both weekly and monthly time intervals.
Aljarrah posited that prolonged consolidation phases frequently generate more powerful breakout movements once price action ultimately escapes the established range, with the analyst projecting $10 as a target, representing a 900% appreciation from current valuation levels.