XRP risks drop below $1, but onchain data highlights silver lining
Cointelegraph 2026-06-25 17:11:33
Context: XRP is currently trading just above $1, its weakest price level of the year, but on-chain data suggests a potentially improving outlook. The token's price has dropped 43% year-to-date, leaving it at risk of a daily close below $1. Despite this, whale accumulation and shrinking exchange supply may indicate that traders are buying.
Key Facts
- XRP's exchange-held supply continues to fall, with Binance's balance standing at about 2.68 billion XRP on June 25, down from 2.78 billion XRP on May 12, accounting for the largest outflow among major trading platforms.
- Whale flows have stayed positive throughout the quarter, with a 90-day moving average of 5.143 million XRP per day, showing consistent net accumulation by large wallets instead of distribution.
- Spot XRP exchange-traded funds (ETFs) have attracted $243 million in inflows since April, with $2 million in net inflows on June 24, lifting June's total netflows to $31 million.
- Binance's XRP reserve has fallen to its lowest level since March after roughly 100 million XRP left the exchange over the past month, with withdrawal transactions exceeding deposits for seven consecutive days since June 17.
- Crypto analyst Versan Aljarrah targets a 900% increase from the current price, arguing that XRP has spent years building a large accumulation range with higher lows on both weekly and monthly timeframes.