Overview
- XRP is trading around $1.13–$1.14 and has lost about 1.27% in the most recent session.
- On‑chain data from Santiment show wallets holding at least 1 million XRP distributed more than 30 million tokens between June 13 and June 17, increasing available supply on exchanges.
- Scheduled US–Iran talks in Switzerland were suspended after Israeli strikes in southern Lebanon, a development that pushed investors toward safer assets and drained liquidity from crypto markets.
- Technical indicators are broadly bearish with 14 sell signals, and XRP trades below its 10, 50, 100 and 200 moving averages with key support near $1.12 and $1.09.
- Spot XRP ETFs and growing tokenization on the XRPL provide steady institutional demand but the ledger’s negligible burn rate and concentrated whale holdings make any rally fragile and prone to sharp reversals.