XRP Tumbles 10% Weekly as Critical $1.05 Support Level Faces Pressure

Key Takeaways

• XRP currently trades between $1.09–$1.10, marking approximately 10% weekly losses and 20% monthly declines
• Market-wide cryptocurrency downturn sparked by Bitcoin dropping beneath $65,000 pressured XRP lower
• Continuous XRP spot ETF accumulation for seven consecutive weeks hasn’t reversed the bearish trajectory
• Technical signals point to sustained bearish pressure, with price action beneath the 50, 100, and 200-day exponential moving averages
• Luxembourg’s financial authority granted Ripple conditional preliminary CASP licensing under MiCA regulations

XRP exchanged hands near $1.09 during Tuesday’s session, reflecting roughly 5% intraday losses. The digital asset has surrendered over 10% across the trailing seven-day period and approximately 20% throughout the past thirty days.

The downturn materialized after bulls failed to penetrate the $1.30 ceiling. Following this rejection, bears seized momentum and drove valuations back toward the $1.00 threshold that has previously provided support during recent weeks.

Daily trading volumes expanded approximately 10% to reach $1.48 billion based on CoinMarketCap data. The mid-June recovery has evaporated completely, with bearish candles dominating 18 of 26 trading sessions throughout the current month.

Wider cryptocurrency market dynamics contributed significantly. Bitcoin‘s descent below the $65,000 mark catalyzed approximately $700 million in forced liquidations system-wide, predominantly affecting leveraged long positions. Given XRP’s high-beta characteristics, the token experienced amplified downside pressure compared to many peers.

Macroeconomic headwinds compounded selling pressure. Investor expectations have reversed from anticipating interest rate reductions to now pricing in potential hikes following the latest Federal Reserve policy announcement. This shift strengthened the US dollar while triggering capital flight from speculative assets including cryptocurrencies.

Geopolitical uncertainties further dampened market sentiment. Conflicting developments from US-Iran diplomatic discussions in Switzerland introduced additional ambiguity. The cryptocurrency Fear & Greed Index plummeted to 23 on Monday, indicating Extreme Fear conditions.

Institutional Flows Remain Constructive

Institutional accumulation has persisted despite declining spot prices. XRP-focused spot exchange-traded funds captured approximately $5.31 million in net inflows on June 22, with Bitwise leading contributions. This extends a seven-week streak of uninterrupted positive flows, pushing monthly aggregate inflows beyond $29 million.

Total cumulative ETF inflows have reached $1.45 billion, while assets under management average $993 million per SoSoValue analytics. XRP holdings on centralized exchanges have contracted to multi-year lows as tokens migrate into ETF structures and cold storage solutions.

Market analyst ChartNerd highlighted on X platform that historical XRP performance data reveals recurring seasonal weakness during June-July periods coinciding with US midterm election years, referencing 2018, 2022, and projecting 2026 as comparable configurations. The pattern traditionally features volatile sideways movement preceding sharp corrections, with anticipated rebounds emerging post-summer.

Chart Analysis

XRP maintains positioning substantially beneath its 50-day, 100-day, and 200-day exponential moving averages located at $1.25, $1.35, and $1.56 respectively. The Relative Strength Index oscillates between 37–40, confirming subdued bearish momentum. The MACD histogram hovering near neutral territory suggests potential stabilization without confirming reversal.

Immediate support emerges at the lower Bollinger Band positioned at $1.07. Penetration of this level would expose the $1.05 zone, followed by the psychologically significant $1.00 threshold.

Resistance barriers appear sequentially at $1.15, $1.22, and $1.25. Aggregate futures open interest currently registers $2.69 billion, marginally elevated from the previous session’s $2.55 billion.

Ripple secured conditional preliminary authorization for a Crypto Asset Service Provider license from Luxembourg’s financial supervisory authority under the European Union’s Markets in Crypto-Assets regulatory framework on Tuesday. The approval remains provisional pending fulfillment of supplementary regulatory requirements.

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