New York, June 2, 2026, 07:04 EDT
- XRP dropped past the defended $1.30 mark as selling hit across big tokens after bitcoin weakened.
- XRP saw 22.80 million tokens flow onto exchanges, but 25.24 million left exchanges soon after, according to exchange-flow data.
- Digital-asset investment products saw $1.67 billion in outflows last week, according to fund flow data. XRP products were an exception, with inflows.
XRP slid under $1.30 Tuesday, setting new 15-week lows as heavy selling in bitcoin pushed big crypto tokens lower and traders watched support at $1.26. CoinDesk reported XRP dropped below the level on the day’s highest volume, adding to its stretch of lower highs and lows.
$1.30 gave way after holding up for weeks, a level traders had leaned on. The break is more than just another down day for XRP—it puts the price at risk of sliding further. Now, traders have eyes on $1.2650-$1.2670 as the next support zone, with $1.20 on the radar if sellers keep up the pressure.
Top coins pulled back. Bitcoin dropped under $70,000, touching $69,648. Ether held just below $2,000, with Solana down near $79.66, according to CoinDesk numbers. XRP traded at about $1.26 during the same period.
Bitcoin fell on a few catalysts. Strategy Inc, known as the biggest public holder of bitcoin, sold off 32 bitcoin for $2.5 million from May 26 to May 31, averaging $77,135 each, according to an SEC filing. The firm said it plans to use the sale proceeds for preferred-stock payouts.
Strategy’s bitcoin sale was small next to its 843,706-coin stash, but it shook a market low on buyers. TD Cowen analyst Lance Vitanza called it “economically immaterial” and said it left the firm’s “core accumulation thesis” intact. Benchmark’s Mark Palmer said the company’s bitcoin might now serve as a “viable backstop” for preferred dividends. CoinDesk
XRP exchange data saw a new spike. TradingView, using NewsBTC and Santiment, reported that 22.80 million XRP flowed into centralized exchanges, the biggest daily net inflow for 2026. Exchange inflows are seen as a sign of potential selling because tokens are easier to offload once on an exchange.
Exchange flows flipped quickly. The data showed 25.24 million XRP later came off exchanges, overtaking the earlier inflow. Those outflows may mean holders moved coins into custody or are storing them. CoinDesk reported the withdrawals haven’t led to steady price gains yet.
Institutional flows kept showing a divided market. CoinShares’ James Butterfill said in a note that digital-asset funds posted $1.67 billion in outflows last week, making it three weeks of outflows in a row and the second-biggest single-week outflow of 2026. Bitcoin funds saw $1.44 billion leave, while ether products lost $257 million. XRP managed to take in $20.3 million.
Butterfill said the “Iran-related risk-off” has outweighed any lift investors might have expected from progress on the CLARITY Act, a U.S. crypto-market bill. Exchange-traded funds, or ETFs, are funds that trade like stocks and give investors a way to access assets like bitcoin without holding the tokens themselves. CoinShares Research Blog
U.S. spot bitcoin ETFs are on their longest losing streak since launch in January 2024, with 11 straight sessions of outflows totaling around $3.45 billion, according to CoinDesk, which cited SoSoValue data. That’s the pressure for XRP too: even if flows for XRP don’t look as rough, bitcoin still moves the market.
XRP bulls face a risk that exchange outflows won’t matter much if wider crypto demand keeps falling. CoinDesk said a break over $1.30 would help the short-term chart, but a stumble at $1.26 could send XRP back toward $1.20.
