XRP weekly losses have exceeded 10 percent! What’s happening at this critical threshold?

XRP traded near $1.09 in Tuesday’s sessions, dropping around 5 percent on the day. Over the past week, losses have surpassed 10 percent, while the 30-day decline has reached about 20 percent. The price weakness accelerated after failing to break above the $1.30 level, with the asset now drifting back toward the $1.00 region—a support zone closely watched in recent weeks.

XRP feels the weight of selling pressure in the broader market

Trading volume also saw a notable uptick. CoinMarketCap data shows daily turnover climbed by roughly 10 percent to $1.48 billion. The mid-June bounce has nearly vanished, as 18 out of this month’s 26 trading days have closed with bearish candles.

A wave of selling across the broader crypto market has intensified pressure on XRP. As Bitcoin slipped below $65,000, around $700 million in forced liquidations hit the market overall. Most of these occurred in leveraged long positions, while XRP—known for its high volatility—fell even harder than many of its peers.

Macroeconomic developments have also curbed risk appetite. After the US Federal Reserve’s recent policy update, investor expectations shifted from potential rate cuts to the possibility of further hikes, sending the dollar higher. This fueled an exodus from riskier assets such as cryptocurrencies.

Institutional inflows persist, but price struggles to recover

Despite the selloff, some institutional buying persists. XRP-focused spot exchange-traded funds attracted $5.31 million in net inflows on June 22. Bitwise played a leading role, marking seven consecutive weeks of positive flows. Monthly inflows have now crossed the $29 million mark.

Cumulative ETF inflows have reached $1.45 billion, and SoSoValue reports that average assets under management are at $993 million. With some of the XRP supply moving into ETFs and cold wallets, exchange balances are now at multi-year lows.

Mini Dictionary: MiCA is the European Union’s comprehensive framework for regulating crypto asset markets. A CASP license allows crypto asset service providers to legally operate under EU regulations.

Technical levels come into focus as volatility rises

Market analyst ChartNerd, commenting on X, observed that XRP’s historical data points to recurring seasonal weakness during June and July. Referring to cycles in 2018 and 2022, ChartNerd suggested that the outlook for 2026 might shape up in a similar fashion—with choppy sideways moves often followed by sharp corrections.

XRP continues to trade below its 50, 100, and 200-day exponential moving averages—currently at $1.25, $1.35, and $1.56 respectively. The Relative Strength Index (RSI) hovers between 37 and 40, pointing to ongoing selling pressure. While the MACD histogram remains close to neutral, it hasn’t signaled a clear change in direction yet, though some stabilization could be possible.

On the downside, key support is seen at the lower Bollinger Band near $1.07. If this level breaks, the $1.05 region comes into view, followed by the psychologically important $1.00 mark. Upward attempts are likely to encounter resistance at $1.15, $1.22, and $1.25. Open interest in XRP futures has climbed to $2.69 billion, up from $2.55 billion in the previous session.

Ripple takes a strategic step in Europe

On Tuesday, Ripple secured conditional preliminary approval for a Crypto Asset Service Provider (CASP) license from Luxembourg’s financial regulator, under the EU’s MiCA regulations. Well known for its payment and infrastructure solutions built on the XRP Ledger, Ripple still needs to meet additional regulatory criteria before approval is finalized.

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