XRP price nears oversold zone as whale withdrawals hit 2021 low

XRP traded under pressure on June 2 as weak momentum, falling whale withdrawals and bearish chart signals kept the token near a key support area.

XRP was trading near $1.26 to $1.28 on June 2, down more than 3% in the past 24 hours. The token also fell more than 5% over the past week and more than 9% over the past month.

The latest price action placed XRP close to its 24-hour low. Trading volume remained active at nearly $2 billion, but buyers had not pushed the token back into its recent range near $1.35 to $1.45.

XRP remains the fifth-largest crypto asset by market value. Its market cap stood near $78 billion, while its fully diluted value stayed above $126 billion.

The token also trades far below its all-time high of $3.65, reached in July 2025. Over the past year, XRP has lost more than 40%, while its 200-day change also remains deeply negative.

RSI and MACD keep pressure on XRP

Technical indicators show that XRP is close to oversold territory, but not fully there. The RSI was at 31.55, while its moving average stood near 39.87. A reading below 30 often marks oversold conditions, so XRP is near that zone but has not crossed it yet.

The weak RSI reading shows sellers still control short-term momentum. A short bounce remains possible if traders react to the near-oversold setup, but the reading does not yet confirm a trend change.

The MACD also remains bearish. The MACD line stood at -0.0286, below the signal line at -0.0212. The histogram was at -0.0074, showing that downside pressure remains active.

The histogram is not very wide, so the current selloff is not sharply speeding up. Still, XRP needs stronger spot demand before the chart can show a stable recovery setup.

Whale withdrawals from Binance hit a low

CryptoQuant analyst Arab Chain said XRP whale withdrawals from Binance fell to about 978 million XRP over the past 30 days. That marked the lowest level since 2021.

Whale withdrawals often show whether large holders are moving coins away from exchanges. Higher withdrawals can point to long-term holding or lower immediate selling supply. Lower withdrawals can show caution, weak demand, or a wait-and-see market.

The latest data shows large XRP holders are not moving coins off Binance at the same pace seen during earlier bull phases. In 2021 and parts of 2024 and 2025, stronger rallies often came with a sharp rise in withdrawals.

The current reading points to a calmer market. It may also show weaker conviction from large holders while XRP trades in a narrow range. If withdrawals rise again while price improves, traders may treat that as a stronger demand signal.

ETF inflows fail to lift weak momentum

XRP ETFs recorded $4.13 million in inflows, pushing total net assets to about $1.11 billion. This shows that regulated XRP products still attract capital even as the token price remains weak.

XRP ETFs also drew $131.94 million in May, their strongest monthly inflow of 2026. During the same month, Bitcoin and Ethereum funds faced heavy withdrawals.

That fund demand has not yet translated into a strong spot market recovery. XRP still trades below the recent consolidation area, and chart signals remain weak.

Market attention now sits on the $1.35 to $1.45 area. A move back above that range could ease short-term pressure and bring $1.50 back into focus.

If XRP fails to defend the current zone, traders may watch $1.10 next. Some analysts have also pointed to $0.85 to $0.65 as a deeper accumulation area if support breaks.

ChartNerd said XRP has rejected two countertrend rallies since the 5-day 20/50 EMA death cross in November 2025. The analyst noted that XRP formed a lower high near $2.40 in January and another near $1.54 in May.

Crypto Patel offered a more patient view, saying XRP is inside an accumulation range between $1.30 and $1.10. He said “If this support breaks… $0.85-$0.65 could be THE generational entry. IMO.”

For now, XRP’s setup remains mixed. ETF inflows and low RSI may support a short-term bounce. However, weak whale withdrawals, bearish MACD and lower highs keep the broader trend under pressure.