XRP fell to $1.32 on June 1, marking a 15-week low as selling pressure overcame accumulation signals from exchange outflows and spot ETF inflows, according to analysis by Shaurya Malwa at CoinDesk.
The token dropped from $1.3384 to $1.3208 on volume of 55.03 million, pushing through the $1.3320 support level and extending toward $1.314 before bouncing. The decline underscores a structural conflict in the market: exchange outflows and $1.42 billion in cumulative spot XRP ETF inflows typically signal investor accumulation and longer-term storage, yet price action reveals sellers still control recovery attempts.
Leverage flush and technical setup
May 2026 saw heavy leverage liquidation, with most high-risk long positions already flushed as XRP bounced from $1.28. That prior washout has left the current breakdown unstable. If $1.31 support is lost, traders are watching $1.28 and $1.20 as secondary support levels. A move below those thresholds would signal deeper weakness.
Recovery upside carries defined risk and reward. A large short-liquidation cluster sits between $1.34 and $1.40, meaning a sharp rally is possible if XRP breaks above $1.34 resistance. If the token reclaims $1.34, the next target extends to $1.37–$1.40, where that short-liquidation cluster creates friction.
Conflicting signals
The setup remains unstable because accumulation indicators and price action are misaligned. Exchange outflows point toward investor confidence and token accumulation. Spot XRP ETF inflows of $1.42 billion cumulative reinforce this signal. Yet sellers have overwhelmed both signals, suggesting institutional or large retail liquidation is still underway.
Traders are now watching whether the 15-week low marks a capitulation base or the start of another leg lower. The next 48 hours will likely determine whether $1.31 holds as support or whether XRP tests $1.28 and below.
