XRP holds above $1.10 as ETF inflows rise, traders cautious

XRP has managed to hold above the $1.10 level, a key area after last week's sharp breakdown, but the recovery remains tentative as the price stays near multi-month lows while bitcoin and the broader crypto market recover more aggressively. The broader market's rebound has been fueled by a combination of factors: the ongoing bitcoin halving cycle, which historically reduces new supply and often precedes price rallies, and a surge in spot bitcoin ETF inflows that have drawn institutional capital. However, XRP's relative underperformance highlights persistent selling pressure, with on-chain data showing whale concentration remaining elevated and BTC dominance hovering near 55%, suggesting capital is rotating into bitcoin rather than altcoins.

Institutional interest in XRP continues to grow, with XRP-linked investment products attracting another $6.75 million in inflows, bringing cumulative ETF inflows to roughly $1.44 billion. Futures activity has also surged sharply, indicating increased speculative interest. However, the price action suggests that sellers remain in control, and the recovery lacks the momentum seen in other major cryptocurrencies. Miner break-even economics have also tightened post-halving, leading some miners to sell holdings, which adds overhead supply. Meanwhile, exchange reserve drawdowns for bitcoin have been supportive of its price, but XRP's reserves have not seen similar declines, indicating less conviction among holders. Live crypto prices and charts on NowPrice show how XRP's price action compares to bitcoin and other altcoins in real time.

Looking ahead, the XRP Ledger's version 3.2.0 upgrade is scheduled for June 15, which is expected to reduce server memory requirements by around 40% and rebrand the core software from "rippled" to "xrpld." This technical improvement could support network efficiency, but traders will be watching for a decisive break above resistance levels to confirm a sustained recovery. Key levels to monitor include $1.20 and $1.30 on the upside, while a drop below $1.00 would signal renewed bearish pressure. Macro factors also remain in focus: rising US Treasury yields and a strengthening DXY have historically weighed on risk assets, including cryptocurrencies, and any further tightening in financial conditions could exacerbate XRP's downside. A break above $1.20 would need to be accompanied by a surge in volume and a drop in BTC dominance to signal a true altcoin revival.