XRP Risk Of Sub-$1 Drop Rises But Onchain Data Shows Silver Lining

XRP is trading just above $1, leaving the token at its weakest price level of the year, but onchain data paints a different picture. 

The exchange-held XRP supply continues to fall, Binance withdrawals have exceeded deposits for seven straight days, whale flows are holding positive and spot XRP exchange-traded funds (ETFs) have attracted $243 million in inflows since April.

The improving onchain data points to healthy network positioning, even as XRP continues to search for a price bottom.  

XRP supply on exchanges continues to shrink

Crypto analyst Amr Taha noted that Binance’s XRP reserve has fallen to its lowest level since March after roughly 100 million XRP left the exchange over the past month. Binance’s balance stood at about 2.68 billion XRP on June 25, down from 2.78 billion XRP on May 12, accounting for the largest outflow among major trading platforms.

XRP multi-exchange daily reserve. Source: CryptoQuant

Other exchanges also posted smaller declines. Upbit’s reserve fell to 2.48 billion XRP on June 25 from 2.51 billion XRP on May 31, while Bybit’s holdings declined to 82 million XRP from 92 million XRP on June 2. Binance led in absolute outflows, while Bybit recorded the steepest percentage decline.

Taha also highlighted a significant shift in Binance transaction activity. XRP withdrawal transactions have exceeded deposits for seven consecutive days since June 17. The seven-day withdrawal share climbed to 53.8% on June 23, its highest reading since June 2024, while deposits fell to 46.1%, the weakest level since 2024.

XRP daily deposit/withdrawal transactions (%) on Binance. Source: CryptoQuant

The metric tracks transaction count rather than XRP volume. This indicates users are moving coins off Binance more frequently than sending them to the exchange, marking the longest withdrawal-led stretch in roughly a year.

Large XRP holders supported the trend. XRP whale flow on the 90-day moving average has stayed positive throughout the quarter at 5.143 million XRP per day, showing consistent net accumulation by large wallets instead of distribution. 

XRP whale flows. Source: CryptoQuant

Institutional demand has also added support. Spot XRP ETFs recorded $2 million in net inflows on June 24, lifting June’s total netflows to $31 million. Since April, the total cumulative inflows have reached $243 million.

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XRP price approaches a major demand zone

From a technical standpoint, the higher-time-frame market structure remains bearish for the altcoin. XRP touched $1.01 on Thursday, its lowest price of 2026, leaving the token close to its first move below $1 since November 2024. The decline has pushed XRP down 43% year-to-date.

XRP/USDT, one-week chart. Source: Cointelegraph/TradingView

The next key area for XRP sits within the fair value gap between $1 and $0.63, an unfilled price gap created during the sharp rally in late 2024 that could attract buying interest if the decline extends in the coming weeks. 

Black Swan Capitalist founder Versan Aljarrah continues to focus on the longer-term chart. The analyst said XRP has spent years building a large accumulation range with higher lows on both weekly and monthly timeframes.

XRP/USD, one-month chart analysis by Versan Aljarrah. Source: X

Aljarrah argued that extended consolidations often produce stronger breakout moves once the price eventually breaks out of the range, with the analyst targeting $10, i.e., a 900% increase from the current price. 

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