XRP Slides Toward $1.14 Support as ETF Outflows and Whale Selling Mount
XRP traded near $1.18 on June 4 after falling more than 5% in 24 hours, reaching a four-month low as the broader crypto market sold off. Spot XRP ETFs posted a $5.34 million net outflow on June 3, and analysts point to $1.14 and $1.10 as the immediate levels to watch.
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Price Action and Key Levels
XRP traded near $1.18 on June 4 after dropping more than 5% over 24 hours, a fresh four-month low, according to Crypto.news. The token's 24-hour range spanned $1.14 to $1.24 on volume near $2.9 billion, as it failed to hold the $1.20 area during a sell-off that also pushed Bitcoin toward $61,000.
CryptoPotato put the move at 9% on the weekly chart and said XRP has now broken below a three-month pennant formation. The two outlets agree on direction but not on the size of the drop, since their measurement windows differ.
Technical Outlook
ChartNerd, cited by Crypto.news, said XRP printed a two-week 20/50 EMA death cross and warned that a close below $1.32 would mark the lowest weekly close of 2026. The same analyst said the token was losing the Upper Regression Band near $1.35 and that prior breaks below that band often led to a move toward the Middle Regression Band near $0.84.
CryptoPotato identifies $1.00 as the most important support, a level XRP has not tested so far this year. It also cites a 3-day MACD bearish cross that reinforces the downtrend, which places the two reports on different reference levels for the same downside risk.
Flows: ETFs and Whales
XRP spot ETFs drew $131.94 million in net inflows in May, ahead of Bitcoin and Ethereum funds, yet spot prices still fell. The picture reversed on June 3, when U.S. spot XRP ETFs recorded a $5.34 million net outflow according to SoSoValue data. Bitwise's product saw the largest single-day outflow, at about $4.06 million.
Santiment data cited by analyst Ali Martinez shows whales sold or redistributed 60 million XRP over the past week. Crypto.news also reported that whale withdrawals from Binance fell to about 978 million XRP over 30 days, the lowest reading since 2021. Both signals point to softer large-holder demand, though Crypto.news notes that wallet transfers can reflect rotation or profit-taking rather than sustained selling.
Market Context
XRP is down more than 16% over 30 days and sits far below its July 2025 all-time high of $3.65. Bitcoin and Ethereum weakened alongside it, with Ethereum trading near its lowest level since April 2025. Crypto.news noted that XRP's February crash low near $1.11 is the nearest prior reference point; a rebound above $1.24 would ease immediate pressure, while a close below $1.10 would open the path to deeper support.
Why It Matters
For Traders
Watch whether XRP holds the $1.14 to $1.10 zone and whether it closes below $1.32, since both levels are cited as key thresholds by technical analysts.
For Investors
Sustained ETF outflows and falling whale withdrawals would signal that the May institutional demand has cooled, a shift that matters for the asset's medium-term positioning.
For Builders
Protocols and products tied to XRP liquidity should monitor exchange-flow data, as a decline in whale withdrawals can reduce on-exchange depth.
This article is for information only and is not financial advice. Read the full disclaimer.
