XRP has tumbled to its lowest level since early February, slipping toward $1.11 on Friday as bearish sentiment dominates the broader crypto market. The decline marks a six-day losing streak, erasing recent gains and shrugging off a rebound in institutional ETF flows that had briefly turned positive.
ETF Inflows Resume but Fail to Halt Slide
After witnessing $5 million in outflows on Wednesday—the first such net redemptions since April 30—XRP investment products recorded roughly $4 million in fresh allocations on Thursday. This reversal brought some relief, yet the cumulative picture underscores sustained institutional interest: total inflows into XRP ETFs stand at $1.5 billion, with assets under management above $1 billion. Despite this long-term commitment, the immediate price action reflects a risk-off mood driven by heightened geopolitical tensions, particularly between the U.S. and Iran, and a sharp drop in investor confidence. The Crypto Fear & Greed Index sits at 17 (“Extreme Fear”), down from 50 in May, signaling widespread caution.
Liquidations and Dwindling Exchange Activity
The selloff has ravaged leveraged derivatives positions. CoinGlass data shows $21.46 million in liquidations over 24 hours, with longs accounting for $18.75 million. Within the last 12 hours, $17.23 million of the $19.20 million wiped out came from bullish bets. Binance trading activity has also contracted; volumes near $1.20 hovered around $463.62 million, a marked decline from levels seen during previous rallies. This thinning participation reinforces the lack of buying conviction at current prices.
Technical Indicators Flash Oversold Signals
XRP/USD charts paint a clearly bearish structure. The token is trading below its 50-, 100-, and 200-day EMAs, with the SuperTrend resistance at $1.34 capping recovery attempts. The Relative Strength Index has fallen to 21.14 on the daily timeframe, officially oversold territory, while the MACD histogram remains negative. Bollinger Bands show XRP slipping beneath the lower band near $1.1666, confirming sustained selling pressure. Although oversold conditions could slow the decline, they have yet to trigger a meaningful bounce. A break below the psychological $1.00 level would likely accelerate downside momentum, while bulls would need a daily close above $1.34 to regain control.
Community Sentiment Turns Fearful
The weakening price has sparked panic among holders, with prominent community figure CharuSan reporting a flood of direct messages. While acknowledging the distress, he likened the current environment to past downturns and noted that vast financial markets—such as the $846 trillion derivatives market and DTCC’s $4.7 quadrillion annual volume—remain disconnected from XRP’s present valuation, implying long-term adoption narratives have yet to be priced in.
