XRP dey slide as whales dey sell and spot ETF outflows don hit $1.14
XRP price drop kam to around $1.18 on June 4 after e lose di $1.20 area and e print new four-month low inside wider crypto sell-off. Whale activity add pressure, about 60 million XRP don sell or redistribute over di past week (Santiment talk).
Regulated demand still weaken. US spot XRP ETFs get net outflow about $5.34 million on June 3, led by Bitwise’s XRP ETF (~$4.06 million) and follow by Grayscale’s XRP Trust (~$699,400) losses.
Technically, analysts dey flag bearish setup for XRP: two-week 20/50 EMA death cross. Key supports wey dem dey watch na $1.14 first, then $1.10. If e close below $1.10 e fit open deeper move toward ~$0.84, but if e hold $1.14–$1.10 e fit help rebound toward resistance near ~$1.24.
Net: dem still sabi long-term resilience for XRP, but short-term signals dey favor sellers as ETF demand cool and whale selling continue.
Bearish
Dis news dey bearish for XRP for short term because e join three seller-aligned signs: (1) whale activity — about 60 million XRP dem sell or redistribute — dey usually raise short-term sell pressure; (2) U.S. spot XRP ETF flows don turn negative with big net outflows, show say regulated demand dey cool; and (3) technical picture for XRP don worsen, with two-week 20/50 EMA death cross and nearby support levels ($1.14 then $1.10) wey dey tested. If XRP close below $1.10, traders likely go expect continuation move toward lower support (~$0.84). Rebound go need make dem defend $1.14–$1.10 and then reclaim resistance near ~$1.24, but the latest flows and whale pressure make that path less likely in the immediate window.