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XRP Bears Take Control After Whales Offload 30 Million Tokens and Support Fails

XRP Bears Take Control After Whales Offload 30 Million Tokens and Support Fails

CryptonewslandCryptonewsland2026/06/23 11:48
By:Cryptonewsland
  • XRP fell below $1.15 after whale selling and strong bearish volume spike.
  • ETF inflows stalled while futures open interest declined and fear sentiment deepened.
  • Price structure remains weak, with risk of further downside toward $1.05 support.

Ripple’s XRP slipped fast after losing key footing near $1.15 during a volatile midweek session. Sellers stepped in with strong momentum after a failed recovery attempt earlier in the week. Price action turned sharply lower as volume surged across major exchanges. Whale activity added more pressure, signaling large holders reduced exposure. Traders now watch whether buyers defend lower zones or surrender further ground. Market sentiment has weakened across derivatives and spot flows. Direction now leans heavily toward bearish continuation.

More than 30 million $XRP have been distributed by whales in the last five days. pic.twitter.com/O8bEiR7Fwf

— Ali Charts (@alicharts) June 19, 2026

Whale Selling and Support Breakdown Shift Market Control

XRP dropped to around $1.17 after a 3.4% decline during Wednesday trading. Earlier optimism faded after price rejection near $1.28. Sellers regained control and pushed the price below the $1.15 support zone. That level previously acted as a short-term stability point. A sharp volume spike reached 134.2 million XRP during peak selling pressure. Buyers attempted stabilization near $1.13 but failed to recover lost ground. Momentum stayed with sellers into the close.

That selling wave added strain on an already fragile structure. Large-holder exits often trigger weaker confidence among retail participants. Price action reflected that shift as support levels failed to hold. Market structure now shows repeated lower highs and weaker rebounds. EMAs across multiple timeframes continue to sit above current price. That alignment reinforces downside bias across technical charts.

Weak ETF Flows and Rising Fear Add Pressure to XRP Outlook

ETF activity showed cooling demand across institutional channels. Spot XRP ETFs recorded zero inflows during Wednesday trading. Previous sessions showed modest inflows, but momentum faded quickly. Futures Open Interest also declined from $2.79 billion to $2.66 billion. That drop signals position unwinding across leveraged traders. Fear & Greed Index fell to 15, marking extreme fear conditions. Sentiment remains fragile across broader crypto markets.

Macroeconomic pressure adds another layer of uncertainty. Federal Reserve commentary revived concerns about potential future tightening. Risk appetite weakened across digital assets following policy signals. XRP now trades below key moving averages across all major timeframes. Resistance stands between $1.17 and $1.25 after repeated rejection attempts. Support focus shifts toward $1.10 and deeper levels near $1.05. Parabolic SAR level near $1.08 remains critical for downside monitoring.

Price compression continues inside a narrowing symmetrical triangle structure. Traders expect a decisive breakout or breakdown soon. Bulls need a clean move above $1.15 to regain momentum. Without that recovery, sellers may extend control toward lower liquidity zones. The market now sits at a critical decision point with limited upside strength. XRP structure favors caution as volatility builds near key support boundaries.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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