XRP Price News: Drop to $0.80 for XRP Seems Likely as Key Support Falters

XRP (XRP) has gone down by 3.3% in the past 24 hours and is currently facing a significant risk of dropping to around $0.80 if it loses its key support at $1.10.

Trading volumes slightly increased during this period to $1.5 billion, currently accounting for 2.2% of the asset’s circulating market cap as the selling pressure seems to be rising.

Nearly $600 million worth of long positions in the crypto market have been wiped out as a result of today’s market-wide risk-off move.

We have been expecting the continuation of the downtrend that started last week, as macroeconomic conditions in the United States have deteriorated.

A hawkish new Fed Chairman is something that the market was not necessarily expecting. However, Kevin Warsh emphasized during his first presser that inflation is a “choice” for the U.S. central bank, meaning that he plans to do everything in his power to keep inflation at bay.

Net Inflows to Exchanges Spike as Whales Position to Dump XRP

Despite the latest retreat in the price of XRP, net inflows to exchange-traded funds (ETFs) linked to this token have remained in positive territory.

This is a stark contrast with what we see across other crypto-linked ETFs, including those of BTC and ETH.

In the past 7 days, XRP ETFs have received $17 million in net inflows, pushing cumulative net inflows sent to these vehicles to $1.45 billion. However, the latest price action has plunged net assets below the $1 billion mark once again.

We have also been tracking net inflows to exchanges in the past few weeks, as there has been a worrying spike in this on-chain metric that could set the stage for a strong decline.

Data from Santiment shows that, by June 17, an average of 17 million XRP tokens had been moved in the past 30 days. This was the highest level on record since July 2025, back when XRP started a strong descent from around $3.6 to its recent lows of $1.10.

It appears that whales are positioning to dump XRP, and, given the volume of tokens that have been moved to exchanges, this could result in a significant drop in the price, possibly to the $0.80 level in the near term.

This Short Position Could Yield a 3x Return if Confirmed

We see the $1.10 level as the key level to watch today. If the price drops below this mark decisively, it could trigger a long squeeze and push XRP rapidly to the $1 mark.

This psychological threshold is probably the most relevant from a technical standpoint, as a break below would mean that the market has effectively repriced the token due to the latest changes in the macroeconomic landscape.

A slide to $0.80 means a 27% downside risk from where XRP is now. Bearish momentum is accelerating, and the Relative Strength Index (RSI) has confirmed a sell signal upon dropping below 40.

This creates room for an interesting trading opportunity, as a short position with an entry price at around $1.09 would yield a 3x risk-reward return. In this case, the stop price would be set above the former demand zone shown in the chart, and the target at $0.80.