XRP Falls to $1.11 as ETF Inflows Meet Whale Outflows

XRP traded at $1.11 after a decline of about 17% from June’s opening levels and a fresh 2026 low on June 5. The token lost roughly $8 billion in market value over three trading sessions in early June.

US spot XRP ETFs recorded $131.94 million of inflows in May. Seven US spot XRP ETFs held about 923.7 million XRP in custody as of June 10, with combined assets under management near $1 billion. Cumulative net inflows to those products since their November 2025 launch approached $1.45 billion. A 20-day inflow streak in May ended with a $5.34 million outflow on June 3.

On-chain data from Glassnode dated June 9 show the 90-day realized profit-to-loss ratio at 0.38, indicating holders realized about $0.38 in profit for every dollar of realized loss. Glassnode reports an aggregate realized price near $1.48, which is above the prevailing market price.

Activity on the XRP Ledger contracted sharply. The 90-day average of total fees paid on the ledger fell from roughly 5,900 XRP in February 2025 to about 500 XRP by June 9, a decline of approximately 91.5%.

Exchange-flow analysis from CryptoQuant shows whale outflow dominance of 91.4% on Binance and 90.5% across centralized exchanges. CryptoQuant also identified declining inflows to Binance. Concentrated exchange flows can reflect selling into markets, transfers to custody off exchange, or accumulation outside public order books.

Supply concentration on-chain remains elevated. Santiment reports wallets holding at least 10 million XRP controlled about 45.83 billion XRP, the highest level since May 2018. The number of wallets holding at least 10,000 XRP rose to an all-time high of 332,230.

Institutional positioning has varied. Goldman Sachs reduced its exposure by liquidating a $154 million XRP ETF holding in the first quarter. Standard Chartered projected $4 billion to $8 billion of potential XRP ETF inflows in 2026 conditional on approval of the CLARITY Act. Prediction-market odds on Polymarket placed the chance of the CLARITY Act passing in 2026 at about 47% and also assigned roughly a 47% probability to XRP falling below $1.00 before the end of June.

Analysts have outlined possible market paths. One scenario identifies continued ETF inflows, improved legislative odds and recovering on-chain metrics as factors that would support prices above $1.00. A separate scenario describes persistent ETF demand combined with weak on-chain activity leading to sideways trading between about $1.00 and $1.11. A further scenario describes sustained loss realization and weak network activity leading to a break below $1.00, with $0.90 noted as a subsequent reference area.

Glassnode data indicate regulated ETF buying and widespread loss realization are both present in current market conditions. The 90-day realized profit-to-loss ratio at 0.38 and the sharp drop in ledger fees are the primary on-chain metrics cited in the June data.