XRP holds $1.11 support but keeps failing at $1.14–$1.15 as ETF inflows extend
Spot XRP ETFs added $17.19M for a ninth straight week, but volume still hasn’t confirmed a clean break above $1.15.
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View XRP price, charts & market data →Spot XRP ETFs added $17.19M for a ninth straight week, but volume still hasn’t confirmed a clean break above $1.15.
The bounce was tied to a bearish squeeze and softer U.S. data, with the next inflation print set as the follow-through test.
The token traded around $1.14 while MVRV sat near -45% and -47%, signaling holders are deeply underwater.
Coinglass data showed BTC on track for a second straight red quarter as major altcoins fell harder on the week.
The acquisition is targeted to close around October and is contingent on regulatory clearance.
SpaceX stock perpetuals also climbed to $812M notional open interest, concentrated on Hyperliquid and Binance.
Flutterwave says the undisclosed investment implies a $3.3B valuation and will add Ripple Payments rails to its 35-country network.
X402 usage is still largely USDC on Base and Solana, and Ripple disclosed no production XRPL volumes.
He pegged post-peak redemptions at roughly $9B while noting SOL, XRP and Hyperliquid ETFs are still adding assets.
Zcash fell as much as 37% on an Orchard supply-integrity flaw, while a $31.9M SOL deposit to Coinbase Prime adds an overhang.
The network says issuers and acquirers will be able to settle some transactions intraday, on weekends, and on holidays using regulated stablecoins.
A June 1 13:00 UTC volume spike to 96.26 million drove the breakdown, with $1.20 the next downside level if support fails.
The flow split revived attention on an unconfirmed Ripple-linked $1B SPAC plan to build an XRP treasury vehicle.
US-listed spot Bitcoin ETFs accounted for $1.26B of the $1.43B US outflow, while XRP and Solana ETPs still took in cash.
The outflow hit as XRP stayed boxed between $1.30 support and $1.50 resistance with volatility near mid-2024 lows.
XRP and SOL ETFs also took in fresh money as HYPE rallied and Hyperliquid posted $13.2M in weekly fees.
Oil and Treasury yields fell alongside the bounce as traders waited for the 18:00 UTC FOMC minutes.
Ethereum holds about 33% of RWA market cap versus Provenance near 27%, with several other chains clustered around 6%.
IBIT and ARKB led redemptions while CryptoQuant metrics were framed as a temporary correction signal.
SBI and Rakuten are developing in-house products as the FSA targets 2028 to let trusts hold crypto.