XRP has suffered a weekly decline of more than 10%, making it one of the worst-performing altcoins amid a broad market selloff. Bitcoin’s slide below $65,000 sparked roughly $700 million in forced liquidations across the market, primarily hitting leveraged long positions. Due to its high volatility, XRP dropped harder than most peers. CoinMarketCap data shows daily trading volume climbed about 10% to $1.48 billion, and 18 out of 26 trading days in June so far have closed bearish, erasing the mid-month bounce.
Macro Headwinds: Fed Hawkish Tone Dents Risk Appetite
After the US Federal Reserve’s latest policy update, investor expectations shifted from potential rate cuts to the possibility of further hikes, driving the dollar higher and pushing capital out of risk assets like cryptocurrencies. This macroeconomic liquidity squeeze, combined with crypto deleveraging, added to XRP’s selling pressure.
Institutional Inflows Persist, Exchange Balances Hit Multi-Year Lows
Despite the price weakness, institutional buying continues. On June 22, XRP spot ETFs recorded net inflows of $5.31 million, with Bitwise leading the charge for seven consecutive weeks. Monthly inflows have crossed $29 million, and cumulative ETF inflows stand at $1.45 billion, with average assets under management at $993 million, according to SoSoValue. Some XRP supply has moved into ETFs and cold wallets, leaving exchange balances at multi-year lows.
Technical Levels: Critical Support at $1.07, Resistance Ahead
Analyst ChartNerd noted on X that XRP historically shows seasonal weakness in June and July, citing patterns from 2018 and 2022, and suggested 2026 could follow a similar trajectory — choppy sideways moves often followed by sharp corrections. XRP currently trades below its 50-day ($1.25), 100-day ($1.35), and 200-day ($1.56) exponential moving averages. The Relative Strength Index (RSI) hovers between 37 and 40, indicating persistent selling pressure. The MACD histogram remains near neutral without a clear directional signal. On the downside, the lower Bollinger Band at $1.07 serves as key support. A break below could target $1.05 and the psychologically important $1.00 level. Upside resistance lies at $1.15, $1.22, and $1.25. XRP futures open interest rose to $2.69 billion, up from $2.55 billion the previous session.
Ripple Secures Conditional CASP Approval in Luxembourg
On June 24, Ripple announced conditional preliminary approval for a Crypto Asset Service Provider (CASP) license from Luxembourg’s financial regulator under the EU’s MiCA framework. The company, known for its payment and infrastructure solutions built on the XRP Ledger, must still meet additional regulatory criteria to finalize the approval.