XRP Nears $1 as Exchange Supply Falls and ETF Inflows Continue

XRP Trades Near $1 as Exchange Reserves Decline and Whale Accumulation Continues

Key Takeaways

• XRP is trading just above $1 after falling 43% year to date and touching $1.01, its lowest level of 2026.
• Binance’s XRP reserves declined by about 100 million tokens over the past month, with withdrawals exceeding deposits for seven consecutive days.
• Exchange-held XRP balances on Binance, Upbit, and Bybit have decreased, with Binance recording the largest absolute outflow.
• XRP whale flows have remained positive on a 90-day moving average, indicating sustained net accumulation by large holders.
• Spot XRP exchange-traded funds have attracted $243 million in cumulative inflows since April.

XRP Price Approaches the $1 Threshold

XRP is trading slightly above $1, marking its weakest price level of the year. On June 25, the token touched $1.01, bringing it close to a daily close below $1 for the first time since November 2024. The decline has left XRP down 43% since the start of 2026.

From a technical perspective, the broader market structure on higher time frames remains bearish. Current price levels place XRP near a demand zone between $1 and $0.63. This range corresponds to an unfilled price gap formed during a sharp rally in late 2024. Market participants often monitor such gaps as potential areas of increased buying activity if prices revisit them.

While price action has weakened, blockchain data presents a different set of indicators related to supply distribution and investor behavior.

Exchange Reserves Decline Across Major Platforms

Data cited from CryptoQuant shows that XRP balances held on major exchanges have decreased in recent weeks. Binance recorded the largest absolute outflow. The exchange’s XRP reserve stood at approximately 2.68 billion tokens on June 25, down from 2.78 billion on May 12. This represents a reduction of roughly 100 million XRP over the period and brings Binance’s balance to its lowest level since March.

Other trading platforms also posted declines, though on a smaller scale. Upbit’s XRP reserves fell from 2.51 billion on May 31 to 2.48 billion on June 25. Bybit’s holdings dropped from 92 million on June 2 to 82 million by June 25. While Binance led in total outflows, Bybit recorded the steepest percentage decrease among the exchanges mentioned.

A decline in exchange-held supply means fewer tokens are immediately available for trading on those platforms. For users of crypto trading and betting services that rely on exchange liquidity, such movements can influence short-term liquidity conditions.

Binance Withdrawal Activity Surpasses Deposits

Transaction-level data from Binance indicates a shift in user behavior. Since June 17, XRP withdrawal transactions have exceeded deposit transactions for seven consecutive days. On June 23, withdrawals accounted for 53.8% of total XRP-related transactions on the exchange, the highest level recorded since June 2024. During the same period, deposits fell to 46.1%, marking their lowest reading since 2024.

This metric tracks the number of transactions rather than the total token volume. It reflects how frequently users move XRP off the exchange compared with sending it to Binance. The current stretch represents the longest withdrawal-led period in roughly one year.

Sustained net withdrawals can indicate that holders are transferring assets to private wallets or other platforms instead of preparing them for immediate sale on centralized exchanges.

Whale Flows Show Continued Net Accumulation

Large XRP holders, often referred to as whales, have maintained positive net flows over the quarter. According to the 90-day moving average cited, whale flows have remained positive at approximately 5.143 million XRP per day.

Positive whale flow indicates that large wallets are, on balance, accumulating more XRP than they are distributing. This pattern has persisted throughout the quarter, even as the token’s market price declined.

Whale activity is frequently monitored because large holders can influence market liquidity and sentiment. Consistent accumulation by these wallets contrasts with the downward price movement observed in 2026.

Spot XRP ETFs Record $243 Million in Inflows Since April

Institutional demand has also been reflected in spot XRP exchange-traded funds. On June 24, these products recorded $2 million in net inflows, bringing total net inflows for June to $31 million.

Since April, cumulative net inflows into spot XRP ETFs have reached $243 million. These figures indicate continued capital allocation into regulated investment vehicles linked to XRP during a period of declining spot prices.

ETF flows are often used as a gauge of institutional participation. In this case, inflows have continued despite XRP trading near its lowest levels of the year.

Technical Structure and Long-Term Range

Despite the short-term weakness, some analysts cited in the source material point to XRP’s long-term chart structure. The token has spent multiple years trading within a broad accumulation range characterized by higher lows on weekly and monthly time frames.

Extended consolidation phases can define long-term price ranges where supply and demand repeatedly balance out. XRP’s current position near the lower boundary of its recent yearly range places attention on whether the $1 level holds or whether the price revisits deeper parts of the previously established gap.

For traders and platform users, these levels may influence margin requirements, collateral valuations, and liquidity conditions in products where XRP is used as a base or settlement asset.

Our Assessment

XRP is trading near $1 after a 43% decline in 2026, placing it close to a level not seen since late 2024. At the same time, exchange reserves have decreased, Binance has recorded seven consecutive days of net withdrawal activity, whale flows have remained positive, and spot XRP ETFs have attracted $243 million in inflows since April. The combination of falling exchange supply, sustained whale accumulation, and continued ETF inflows contrasts with the token’s current price weakness and defines the present market structure.