XRP Rebounds Past $1.10 on ETF Inflows, Exchange Withdrawals
1h ago|4 min readStandard
Fazen Markets Editorial Desk
Collective editorial team · methodology
xrpcryptocurrency
Fazen Markets Editorial Desk
Collective editorial team · methodology
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XRP held above $1.10 on 8 June 2026, a key psychological and technical level, after recovering from its lowest point in four months. The move, reported by CoinDesk, was supported by elevated trading volume and continued withdrawals from major exchanges. The token's market capitalization stood at $70.76 billion as of 07:00 UTC today, with 24-hour trading volume reaching $2.25 billion. The rebound tests critical resistance after a prolonged consolidation phase.
The last notable rally for XRP occurred in late 2025, when anticipation of a spot ETF decision pushed the asset to a high of $1.45. That rally faded after regulatory clarity remained elusive, leading to the recent decline. The current macro backdrop for digital assets is mixed, with the Federal Reserve holding rates steady and traditional equity volatility remaining subdued.
What changed to trigger this recovery now is a confluence of on-chain and flow-based catalysts. Sustained outflows from centralized exchanges began accelerating in late May, indicating a reduction in readily available sell-side supply. Concurrently, inflows into spot and futures-based XRP exchange-traded funds in Europe and Canada have recorded their strongest week since March.
This suggests institutional accumulation is occurring despite the unresolved regulatory overhang from the U.S. Securities and Exchange Commission's case against Ripple. The recent price low acted as a trigger for this demand, with buyers stepping in at levels last seen in February 2026. The move represents a test of whether fundamental buying pressure can overcome persistent technical resistance.
XRP traded at $1.14, reflecting a 24-hour gain of 1.19%. This price represents a recovery of over 4% from the four-month low of approximately $1.09 touched earlier in the week. The asset's 24-hour trading volume of $2.25 billion shows a 40% increase compared to its 30-day average, confirming the move was accompanied by significant capital flows.
| Metric | Current Level | Change from 30-Day Average |
|---|---|---|
| Price | $1.14 | -2.5% |
| 24h Volume | $2.25B | +40% |
| Exchange Balances | 2.8B XRP | -12% |
Exchange reserve data from CryptoQuant shows a marked decline in XRP held on centralized platforms. Balances have dropped by over 12% in the past 30 days to roughly 2.8 billion tokens, a multi-year low. This ongoing withdrawal trend reduces immediate sell pressure. The recovery lags behind broader cryptocurrency market performance, with the total crypto market cap up 2.5% over the same 24-hour period. Bitcoin dominance also increased slightly, pressuring altcoin ratios.
The primary second-order effect is on related blockchain and payments sector tokens. Stellar (XLM), often viewed as a peer, saw a correlated 1.8% gain. Decentralized exchange tokens tied to XRP liquidity pools, such as those within the Flare Network ecosystem, also posted modest outperformance. Payment-focused cryptocurrencies gained an average of 1.2% against the broader altcoin basket, which was flat.
A key limitation to the rally's sustainability is the unresolved regulatory classification in the United States. The SEC's appeal in its case against Ripple remains pending, creating a persistent overhang that discourages certain U.S.-based institutional participation. the recent volume spike could be partly attributed to short covering rather than purely new long positioning.
Positioning data from the derivatives market shows a shift. The aggregate funding rate for XRP perpetual swaps turned positive for the first time in two weeks. This indicates traders are paying to hold long positions. On-chain flow metrics from intelligence firm Santiment show a notable spike in large wallet transactions valued over $100,000, signaling renewed interest from wealthier investors.
The immediate catalyst is the next monthly options expiry for XRP on 27 June. A significant amount of call options are set to expire at the $1.20 strike price, which could act as a magnet or resistance point for the spot price. Traders will also monitor the scheduled release of the U.S. Consumer Price Index data on 10 June for broader risk asset direction.
Technical levels to watch include near-term resistance at the 50-day simple moving average, currently at $1.18. A daily close above this level would signal a potential trend change. On the downside, the recent low of $1.09 and the 200-day moving average near $1.06 form a critical support zone. A break below $1.06 would invalidate the current recovery structure.
Further regulatory developments in jurisdictions outside the U.S., particularly the European Union's implementation of the Markets in Crypto-Assets (MiCA) framework, could provide clarity that impacts XRP's utility and valuation. The next key hearing in the Ripple-SEC case is scheduled for late July 2026.
Elevated exchange outflows indicate that holders are moving tokens into self-custody wallets, likely for long-term holding or staking. This action reduces the immediate supply available for sale on trading platforms. Historically, sustained periods of net withdrawals have preceded price rallies by tightening liquid supply. The current outflow rate, if maintained, could support higher price levels by creating a supply shock.
XRP's ETF inflows are occurring in European and Canadian listed products, not in U.S.-based spot ETFs like those for Bitcoin. The scale is significantly smaller, totaling tens of millions of dollars weekly versus billions for Bitcoin ETFs. However, the trend direction is notable as it shows institutional product demand exists for the asset despite regulatory uncertainty. This demand is coming from regions with clearer digital asset regulations.
The four-month low was reached due to a combination of technical selling and broader market weakness. XRP failed to break above a key descending trendline that has contained its price action since the 2025 high. This failure triggered automated sell orders and discouraged momentum buyers. Concurrently, a spike in Bitcoin's dominance drew capital away from major altcoins, exacerbating XRP's decline.
XRP's rebound is driven by tangible capital flows, but it remains constrained by unresolved regulation and key technical resistance.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. CFD trading carries high risk of capital loss.
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