Glassnode Flags ‘Intense Capitulation' in XRP
XRP trades near $1.11 as RSI turns oversold, on-chain losses deepen, and falling Binance reserves offer a limited supply-side counterweight.
Charles Hoskinson suggests Ripple could rely on Cardano's Midnight sidechain to unlock XRP's next phase of growth.
Over the last year, the XRP value has declined by almost 50%, erasing the majority of the gains that were realized from the 2024 rally. As time has gone on, the sentiment surrounding the altcoin has continued to decline, with many investors lamenting this poor performance.
XRP's recent pullback may have more to do with leverage flushes and broader market weakness than a coordinated exit by large holders, according to CryptoQuant contributor Pelin Ay. The analyst pointed to declining XRP inflows into Binance, particularly among million-token transfers, as evidence that whale selling pressure has not intensified during the drawdown.
Kalshi adds XRPPERP as regulated crypto derivatives activity grows in the U.S.
XRP is trading on shaky ground near $1.11 as a fresh selloff threatens to drag it under $1.10, even as Ripple puts its RLUSD stablecoin to work funding clean-water access for millions of people. A Price on Shaky Ground XRP has slipped into a precarious technical setup, breaking below a bullish trendline support at $1.
A 2021 Citibank document that used the phrase “Regulated Internet of Value” sits at the center of a new XRP debate, after researcher Jesse of Apex Crypto Insights argued the wording was later shifted to “Regulated Liability Network” because the link to Ripple was too obvious. Related Reading: Security Milestone: XRP Lending Protocol Completes Military-Grade Assessment He says that paper trail, along with years of weak price action, points to a token that may be held down for reasons that are bigger than ordinary market trading.
XRP holders are capitulating, according to data tracked by Glassnode. That suggests a bottom may be near.
On June 9, blockchain surveillance platform Whale Alert detected a substantial XRP movement involving Ripple's transfer of 50 million tokens valued at roughly $59 million.
On June 9, XRP spot ETFs outperformed other major cryptocurrency investment products, drawing $7.44 million in net inflows, while Ethereum and Bitcoin funds saw large outflows.
Kalshi launches XRP perpetual futures for U.S. traders, adding regulated cash-settled exposure with no fixed expiration and flexible access.