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XRP fell to its lowest level in about 15 weeks on June 1, even as spot XRP ETFs continued attracting capital and millions of tokens moved off exchanges. The token traded near $1.30, showing that sellers still controlled short-term price action despite signals that often support a recovery.
Data from CryptoSlate showed XRP trading around $1.30 with a market capitalization of about $80.87 billion. The token also recorded roughly $1.62 billion in 24-hour trading volume. Although XRP remains one of the five largest cryptocurrencies by market value, recent market activity has kept the asset under pressure.
The latest decline has turned several bullish indicators into a direct test of market strength. ETF demand remains positive, while exchange balances have declined. Yet XRP continues to trade near multi-month lows.
Spot XRP ETFs continued drawing investor interest throughout the recent decline. According to SoSoValue data, spot XRP ETFs recorded approximately $11.8 million in net inflows on May 29. As a result, cumulative net inflows climbed to around $1.42 billion.
The steady flow of capital into regulated investment products has persisted despite XRP's weakening price. Investors have continued seeking exposure through ETF products even as the token moved lower.
Still, ETF inflows do not directly determine short-term spot market pricing. Capital entering ETF products does not necessarily translate into aggressive buying on exchange order books at the same moment sellers enter the market.
Earlier market analysis also showed a similar pattern. ETF inflows, exchange withdrawals, and growing ledger activity created a constructive backdrop, yet XRP failed to generate a sustained price recovery.
Exchange-flow data has presented another potentially supportive signal. Santiment reported a 22.80 million XRP inflow to exchanges before balances reversed direction. Later in May, approximately 25.24 million XRP moved off exchanges.
Tokens leaving exchanges often suggest accumulation, custody transfers, or reduced selling availability. In stronger market conditions, such movements can help support price rebounds.
Nevertheless, the earlier exchange inflow remains part of the broader picture. The movement of XRP onto exchanges before the reversal indicated that meaningful supply had become available for trading.
Can exchange withdrawals and ETF demand eventually outweigh the pressure from persistent spot sellers? The recent outflow may reduce available exchange supply, but it does not confirm that buyers are willing to purchase XRP at increasingly higher prices.
Price action continues to show the gap between supportive flows and actual market control. XRP recently lost the $1.30 area that traders had defended for weeks. The breakdown occurred during the session's heaviest trading volume and extended the existing downtrend.
The market has continued treating rallies as opportunities to sell rather than signals of a trend reversal. As a result, XRP remains under pressure despite positive developments in ETF demand and exchange balances.
Read More: XRP Rebounds Above $1.30 After Volume Spike, but Bears Still Dominate
The latest decline suggests that exchange supply represents only one part of the market equation. Spot demand, order-book depth, leverage positioning, and trader confidence continue influencing short-term price direction.
CryptoSlate data also showed a large difference between centralized and decentralized trading activity. XRP recorded about $1.62 billion in 24-hour centralized exchange volume, compared with roughly $1.4 million in decentralized exchange volume.
That contrast illustrates why activity on centralized exchanges remains a major factor in XRP's current price movement.
XRP fell to a 15-week low near $1.30 even as ETF inflows and exchange outflows stayed supportive. Traders will likely watch whether support is defended by the majority or not before the downtrend deepens.
