Key Takeaways
- XRP currently trades near $1.09–$1.10, marking approximately 10% weekly losses and 20% monthly declines
- Widespread cryptocurrency market downturn, initiated by Bitcoin’s drop beneath $65,000, pushed XRP lower
- Despite seven consecutive weeks of positive XRP spot ETF flows, the downward trajectory persists
- Technical signals show bearish conditions, with XRP positioned below its 50, 100, and 200-day exponential moving averages
- Luxembourg’s financial authority granted Ripple conditional preliminary approval for a CASP license under MiCA regulations
XRP changed hands at approximately $1.09 on Tuesday, experiencing a roughly 5% decline over the previous 24-hour period. The digital asset has surrendered more than 10% of its value across the past seven days and approaching 20% throughout the last month.
The downward movement follows an unsuccessful effort to penetrate the $1.30 resistance barrier. After this level proved impenetrable, market bears seized control and drove the price back toward the $1.00 territory that has provided a floor for XRP across recent weeks.
Daily trading activity increased by approximately 10% to roughly $1.48 billion, based on CoinMarketCap data. The mid-June recovery has completely evaporated, with bearish candles dominating 18 of 26 trading sessions this month.
The wider cryptocurrency ecosystem contributed to the weakness. Bitcoin‘s descent under $65,000 sparked more than $700 million in liquidations throughout the market, predominantly affecting bullish positions. Given XRP’s high-beta characteristics, it absorbed more of this selling pressure than many alternatives.
Macroeconomic factors have compounded the negative pressure. Market expectations have pivoted from anticipating rate reductions this year to factoring in at least one increase following the Federal Reserve’s recent policy meeting. This development strengthened the US dollar and drove capital away from speculative assets including cryptocurrencies.
Geopolitical tensions further dampened market sentiment. Uncertain developments regarding US-Iran diplomatic discussions in Switzerland contributed to investor unease. The cryptocurrency Fear & Greed Index registered 23 on Monday, indicating Extreme Fear conditions.
Institutional Flows Remain Constructive
Institutional appetite has maintained consistency despite the price deterioration. Spot XRP exchange-traded funds registered approximately $5.31 million in net inflows on June 22, with Bitwise leading contributions. This represents the seventh straight week of positive accumulation, with monthly totals exceeding $29 million.
Aggregate ETF inflows have reached $1.45 billion, while assets under management average $993 million according to SoSoValue tracking. XRP balances on centralized exchanges have simultaneously declined to multi-year minimums as tokens migrate into ETF structures and cold storage solutions.
Market analyst ChartNerd highlighted on X that historical XRP performance data reveals recurring seasonal underperformance during June and July in US midterm election years, referencing 2018, 2022, and 2026 as comparable scenarios. ChartNerd observed the pattern generally features choppy sideways movement followed by pronounced selloffs, with potential for post-summer rebounds.
Chart Analysis
XRP remains positioned significantly below its 50-day, 100-day, and 200-day exponential moving averages at $1.25, $1.35, and $1.56 respectively. The Relative Strength Index hovers between 37–40, reflecting subdued bearish momentum. The MACD histogram positioned near zero suggests potential stabilization without confirming reversal.
The lower Bollinger Band at $1.07 represents the immediate support threshold. A breakdown through this level would expose $1.05 followed by the psychologically significant $1.00 mark.
Regarding upside targets, resistance emerges at $1.15, followed by $1.22, then $1.25. Derivatives open interest currently stands at $2.69 billion, showing modest growth from the prior day’s $2.55 billion.
Ripple secured conditional preliminary approval for a Crypto Asset Service Provider license from Luxembourg’s Commission de Surveillance du Secteur Financier under the European Union’s Markets in Crypto-Assets framework on Tuesday. The authorization remains provisional and subject to fulfillment of additional regulatory requirements.
