XRP’s Institutional Tailwinds Fail to Halt Slide as ETF Inflows Reverse and Whale Sales Mount
04.06.2026 - 17:46:49 | boerse-global.de
The 21-day winning streak for XRP spot ETFs came to an abrupt halt on June 3, when the seven approved funds collectively bled $5.34 million in net outflows. Bitwise accounted for the bulk of the exodus at $4.06 million, while Grayscale and 21Shares each saw smaller redemptions. The reversal in institutional appetite coincided with the token plunging to $1.14 — a fresh four-month low — and dragging its year-to-date loss to nearly 38%.
Broader market jitters set the stage. Reports of drone attacks on Kuwait’s international airport stoked geopolitical fears, pushing risk assets into retreat. Bitcoin slipped below $63,000, and the wider crypto market saw over $1.7 billion in liquidations. XRP alone had more than $25 million in long positions wiped out within 24 hours. The selling pressure knocked its market capitalisation under $75 billion, allowing the USDC stablecoin to leapfrog it for the No. 5 spot by that measure.
The technical picture is equally grim. XRP’s relative strength index has fallen to 23.6 — deep in oversold territory — while the token trades below both its 50-day and 200-day moving averages. The MACD remains firmly bearish, offering no clear buy signal. Whale wallets have added to the pressure, moving or selling roughly 60 million XRP over the past week and swelling exchange supply. Analysts flag $1.10 as the next critical support, with a break below that layer opening the door to $0.90.
Should investors sell immediately? Or is it worth buying XRP?
Yet beneath the price distress, the XRP Ledger’s fundamentals are strengthening. Mastercard announced on June 4 that it would integrate Ripple’s RLUSD stablecoin into its global settlement network, enabling 24/7 on-chain card payment settlement across eight blockchains, including XRP Ledger. Ripple SVP Jack McDonald called it a milestone for blockchain-based payment infrastructure. First partners include Cross River Bank, Lead Bank and Nuvei. Separately, reports of a planned stablecoin consortium involving Mastercard, Visa and Stripe suggest deeper institutional commitment to the ledger’s rails.
On-chain activity reinforces the bullish narrative. Daily transactions on the XRP Ledger have tripled since mid-2025 to nearly 3 million, while the volume of tokenised assets on the network has surged 344% in five months to $3.68 billion. Even on exchanges there are encouraging signs: Coinbase’s order book shows buy orders outweighing sell orders by 7-to-1, a pattern some market observers attribute to automated limit orders from institutions accumulating at lower prices.
Meanwhile, regulatory clarity inches forward. The CLARITY Act, which would beef up legal certainty for digital assets in the US, passed a Senate committee in June and could face a floor vote as early as August 2026. For XRP, the immediate test is whether the $1.10 support holds until then — a fragile bridge between bearish price action and a rapidly maturing network.
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