XRP steadies above $1.10, bounces from four-month lows
XRP rebounded from four-month lows above $1.10, with exchange outflows and ETF inflows suggesting accumulation, though selling pressure persists.
XRP steadied above $1.10 on Monday, bouncing from its lowest levels in four months after one of the sharpest selloffs of the year. The token recovered from territory last seen before the November 2024 breakout, but the move appears more like stabilization than a trend reversal, with each rally still attracting sellers.
For cryptocurrency traders, the price action reflects a market caught between deeply oversold conditions and persistent de-risking. More than 25 million XRP have left exchanges in recent days, a pattern historically associated with accumulation rather than immediate selling. At the same time, XRP-linked ETF products continued to attract capital, with roughly $118 million in inflows recorded during May and cumulative inflows approaching $1.4 billion. These flows suggest institutional interest remains intact despite the price weakness. However, the inability to sustain rallies indicates that macro headwinds and risk-off sentiment are still weighing on the token. For current pricing context, traders can check NowPrice's crypto page.
Looking ahead, the key question is whether XRP can build a base above $1.10 and eventually reclaim higher levels. The exchange outflow trend and ETF inflows provide a supportive backdrop, but a sustained recovery likely requires a broader improvement in risk appetite. Traders will watch for any shift in macro conditions, such as a more dovish Fed stance or easing trade tensions, that could reignite demand for risk assets like XRP. Until then, the token may remain range-bound, with the next major support around the $1.00 psychological level and resistance near $1.30.