XRP has dropped to its lowest level in more than three months, as strong selling pressure continues to outweigh signs of accumulation in the market.
Price Movement
XRP declined from $1.3384 to $1.3208, breaking below key support levels around $1.3320. The ongoing sell-off has kept bearish momentum in control despite mixed on-chain signals.
Exchange Flows vs Selling Pressure
Although more than 25 million XRP tokens reportedly moved out of exchanges â typically a sign of accumulation â sellers still dominated the market, pushing prices lower and overriding bullish signals.
đ° ETF Inflows Fail to Support Price
Spot XRP ETFs recorded strong inflows of approximately $1.42 billion, but this institutional demand was not enough to reverse the downward trend or restore bullish momentum.
đ Key Levels to Watch
Immediate Support: $1.31
First Recovery Resistance: $1.34
Market sentiment remains cautious as traders watch whether XRP can stabilize or continue its decline.
đš Summary
XRP is currently under heavy bearish pressure, with selling activity overpowering both exchange outflows and ETF inflows, keeping the market in a defensive phase
#XRP15WeekLow #CryptoAttacksDrop90PctInMay #xrp #ripple $XRP