XRP slips below $1.15 as whales sell; ETF inflows steady bulls near $1.10
XRP price weakened on June 19, trading around $1.12 after sellers broke below $1.15 support. The token fell more than 4% in 24 hours, with daily volume near $1.97B, and remains capped by a descending trendline.
Whale data flagged renewed selling pressure: Ali Martinez cited over 30M XRP distributed in five days, alongside a near-50% drop in network activity (active addresses roughly 50,000 → 25,000). This points to weaker demand and less reliable rebound support.
On the supportive side, XRP ETF inflows remain the main counterweight. SoSoValue reported $2.55M net daily inflows on June 18 and about $1.45B in cumulative net inflows, even as the spot price falls.
Technically, XRP is trading in a symmetrical triangle. Support sits near $1.10 and resistance around $1.25. Traders are watching whether buyers can defend $1.10 with strong volume; a clean break could expose $1.05 and $1.00. A hold of the $1.10–$1.15 zone keeps the door open for a move back toward $1.25.
Bearish
The latest update is bearish for XRP in the short term. Price broke below $1.15 and is trading around $1.12, while whale activity suggests ongoing distribution (over 30M XRP in five days) and network activity fell ~50%, both of which typically reduce the likelihood of a sustained rebound.
However, ETF flows are a notable stabilizer. Continued net inflows to XRP spot ETFs (SoSoValue: $2.55M daily net inflows, ~ $1.45B cumulative) suggest institutions are still absorbing supply, which can limit downside.
For traders, the key trigger is $1.10 support. If XRP holds $1.10 with solid volume, the bearish pressure may fade and price could retest resistance near $1.25. If XRP breaks $1.10 decisively, the path opens toward $1.05 and $1.00, increasing downside momentum. Long-term resilience may still be intact, but near-term direction is likely controlled by whale pressure and whether demand from ETF buyers can offset it.