XRP is trading just above $1 right now, hitting its weakest price level of 2026. The odds of a daily close below $1 are climbing. But look at what’s happening on-chain, and the picture gets a lot more interesting.
Exchange-held XRP supply keeps shrinking. Binance saw roughly 100 million XRP flow out over the past month — its lowest reserve since March. Withdrawal transactions have beaten deposits for seven straight days, the longest run like that since mid-2024. Bybit and Upbit saw smaller drops too.
Whale wallets aren’t selling either. Net whale accumulation has held positive all quarter at about 5.1 million XRP per day. Spot XRP ETFs pulled in $2 million in net inflows on June 24 alone, bringing the monthly total to $31 million and cumulative inflows since April to $243 million.
Technically though, things still look rough. XRP touched $1.01 on Thursday and is down 43% year-to-date. The next major support sits in a fair value gap between $1 and $0.63.
The bigger picture? Spot XRP ETFs are still seeing consistent institutional interest. The network’s fundamentals aren’t deteriorating — if anything, they’re getting stronger while the price searches for a bottom. Some analysts are still targeting $10 on a longer timeframe, though getting there requires a shift in broader market sentiment.
