XRP Drops to 15-Week Low Despite $1.4B ETF Inflows

XRP fell to a roughly 15-week low in the low-$1.30s on June 1 even as cumulative spot ETF inflows approached $1.4 billion and exchange balance data showed about 25.24 million XRP moving off trading venues in late May.

Data records show a net ETF inflow of about $11.8 million on May 29, part of cumulative net inflows near $1.4 billion. Those flows represent capital moving into regulated spot XRP products rather than direct trades on exchange order books.

Exchange ledger entries for late May recorded a 22.8 million XRP transfer onto exchanges followed by about 25.24 million XRP withdrawn from exchanges. The later outflows reduced on-exchange balances during the period covered by the data.

On June 1 the token traded near $1.30, with an estimated market capitalization around $80.9 billion. Reported 24-hour centralized exchange volume was about $1.62 billion, while decentralized exchange volume was roughly $1.4 million.

Liquidity measures and derivatives activity for XRP were also notable. A 30-day XRP liquidity index on a major exchange was near 0.043, a multi-year low. All-exchange open interest was near $2.9 billion and futures volume ran at about 6.8 times spot volume over a recent window.

Traders are monitoring price levels in the low-$1.30s. Market participants have identified the $1.34 area and the $1.31 area as near-term reference points for market reaction.

Fund flows into spot ETFs and exchange withdrawals provide transaction and custody data points. Price moves on centralized exchanges are the immediate market signal used to assess near-term supply and demand.