XRP Hits 15-Week Low — Sellers Outpace Exchange Outflows
By John Nada·Jun 1, 2026·3 min read
XRP hits a 15-week low at $1.32, as sellers eclipse exchange outflows. Despite ETF inflows, bearish pressures remain.
More than 25 million XRP tokens fled exchanges recently, signaling what usually suggests long-term accumulation. Yet, the price narrative tells another story. XRP's plunge to $1.32 underscores sellers' dominance, proving that even significant outflows aren't enough to shift control.
According to CoinDesk, despite those outflows, XRP's price action reveals a market struggling under bearish weight. The coin hit a 15-week low before stabilizing, indicating that sellers have the upper hand in the tug-of-war over the token's value. The breakdown came on a hefty 55.03 million in volume, breaking critical support near $1.3320 and extending toward $1.314 before buyers nudged it back.
The movement of more than 25 million XRP from exchanges occurred after a significant inflow earlier in the week, suggesting that some investors seized the opportunity to move tokens into longer-term storage. While typically a sign of potential bullish behavior, the persistent selling pressure contradicts this signal, leaving the market in a precarious position.
Spot XRP ETFs also recorded fresh inflows, bringing cumulative figures to about $1.42 billion. This signifies a robust underlying interest in XRP, yet this demand has not yet been sufficient to reverse the ongoing downtrend. The inflow into ETFs highlights that there is still confidence in XRP's long-term prospects, even as the immediate price action remains dominated by sellers.
In May, there was a significant flush of leverage, with most high-risk long positions being liquidated as XRP bounced from the $1.28 area. This liquidation of leverage has left the market cautious, as traders who previously held leveraged long positions might now be wary of re-entering the market without clearer signs of a reversal.
XRP dropped from $1.3384 to $1.3208, marking a 15-week low during the session. The key breakdown came on the back of 55.03 million in trading volume, which pushed the price through support near $1.3320. As selling pressure extended toward $1.314, a modest bounce brought XRP back toward $1.32, showing that buyers are attempting to defend this level.
The technical setup remains unstable, with exchange outflows suggesting accumulation but price action painting a bleak picture. For any meaningful recovery, XRP needs to break back above $1.34, the first hurdle for bulls. Only then could momentum potentially propel it toward $1.37 and $1.40. A large short-liquidation cluster sits between $1.34 and $1.40, indicating that a sharp move higher is possible if XRP can break back into that range.
The immediate support level at $1.31 is crucial. Losing this would bring $1.28 and even $1.20 into play, further eroding any optimistic sentiment. Buyers need to reclaim ground before any talk of a turnaround holds water. For now, the defense continues, with sellers managing the lower highs.
Traders are closely monitoring whether the latest washout will form a base or lead to another leg lower. The setup is unstable because exchange outflows point one way while price action points the other. One side will have to give, and traders are watching closely for any signs that the scales might tip in favor of buyers or sellers.
Despite the challenging environment, XRP's long-term potential remains a point of interest for investors, as evidenced by the ETF inflows. However, the immediate outlook is clouded by the current bearish pressures, and market participants are keenly watching for any technical signals that could indicate a shift in momentum. The battle between accumulation signals and price action continues, with the market poised for potential volatility as it navigates this uncertain terrain.