XRP Aims for $0.90 as ETF Demand Battles Selling Pressure From Whales

Why It Matters

Persistent ETF demand signals institutional interest, but whale‑driven selling and low on‑chain activity keep XRP trapped below $1, limiting a near‑term rally.

Key Takeaways

• XRP down 17% to $1.11, $8 B market‑cap loss.
• May ETF inflows hit $132 M, strongest month this year.
• 90‑day profit‑loss ratio fell to 0.38, indicating heavy capitulation.
• Whale outflow dominance exceeds 90% on major exchanges.
• ETF holdings ~923 M XRP (~$1 B) but price pressure persists.

Pulse Analysis

XRP entered June at roughly $1.30, only to tumble 17% to $1.11 by the 5th, erasing about $8 billion in market value and setting a fresh 2026 trough. The decline coincided with the cryptocurrency’s most robust month of ETF inflows, as regulated funds attracted $131.94 million in May—outpacing both Bitcoin and Ethereum products. Yet the price dip was not driven by a lack of institutional appetite; instead, on‑chain metrics reveal a deep capitulation. Glassnode’s 90‑day realized profit‑to‑loss ratio slipped to 0.38, and average transaction fees on the XRP Ledger fell 91.5% from February, indicating a collapse in organic demand.

Whale activity adds another layer of pressure. CryptoQuant data show that more than 90% of XRP outflows on Binance and other centralized exchanges are dominated by large holders, a pattern that can either signal aggressive selling or strategic custody moves. The concentration risk is evident: wallets holding at least 10 million XRP control 45.83 billion XRP, the highest since 2018, while the count of 10 k‑plus wallets hit an all‑time high of 332,230. Such concentration can amplify price swings, especially when loss‑realizing sellers outnumber profit takers.

The future hinges on whether regulated ETF demand can outweigh whale‑driven supply. Seven U.S. spot XRP ETFs now custody roughly 923 million XRP, valued at about $1 billion, and Standard Chartered projects $4‑8 billion of inflows in 2026 if the CLARITY Act passes—a scenario priced at a 47% probability by Polymarket. In a bullish case, continued inflows and a recovering profit‑loss ratio could push XRP above $1, establishing a floor before testing the $0.90 zone. Conversely, persistent capitulation and stagnant network activity could breach $1, leaving $0.90 as the next critical support level.