XRP risks drop below $1, but onchain data highlights silver lining
XRP is trading a little above $1 and sits at its weakest level this year, with the price down 43% year-to-date and close to a potential break below $1. Technical structure remains bearish, and the next major support zone is the unfilled fair value gap between $1 and $0.63, where buying interest could emerge if weakness continues. Onchain signals are stronger than price action suggests. Exchange-held XRP supply is falling, led by Binance, which has seen about 100 million XRP leave over the past month and seven straight days of withdrawals exceeding deposits. Upbit and Bybit also posted reserve declines. Whale flows have stayed positive all quarter, showing ongoing net accumulation by large holders. Spot XRP ETFs have also drawn demand, with $243 million in cumulative inflows since April, including $2 million on June 24.
