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<a href="https://pricpr.com/xrp-usd/">XRP</a> Price Drops to $1.17, Down Almost 10% in a Week

Key Highlights

  • XRP dropped to around $1.17, falling nearly 10% in a week as the whole crypto market also weakened.
  • Over $25 million in XRP leveraged positions were liquidated, with most being long trades, adding extra selling pressure.
  • ETF flows turned negative despite $1.42 billion total inflows since launch.

On Thursday, the price of XRP, Ripple’s cryptocurrency, fell significantly to around $1.17. It dropped over 4% in a day and almost 10% throughout the week. This decline happened as the overall cryptocurrency market also went down, with its total value decreasing by 6.6% to $2.17 trillion.

Bitcoin‘s price also fell around 7.3% during this time, showing that the decline wasn’t just affecting XRP – it was part of a broader downturn in the cryptocurrency market.

The cryptocurrency saw a significant surge in trading activity over the past day, with volume reaching approximately $3.59 billion – a rise of over 16%. Despite this increase, the falling price indicates that most of this activity is likely from people selling off their holdings.

$25 million liquidated in 24 hours 

Selling of XRP increased sharply as traders with borrowed funds were forced to sell their holdings. Over the last day, more than $25 million worth of XRP positions were closed as a result, according to data from Coinglass. Most of these closures – around 96% – involved traders who had bet that the price would go up (long positions), while about $1.25 million came from traders who had bet on a price decrease (short positions).

Traders were making bullish bets, expecting the price to increase. However, when the price started to fall, their trades were automatically closed, which caused a surge in selling and accelerated the price decline.

Whale sell-off adds extra pressure

Meanwhile, large XRP investors, known as whales, contributed to the selling pressure. Crypto analyst Ali Charts recently reported that whale wallets have sold or transferred approximately 60 million XRP over the last week.

As a researcher tracking XRP, I’ve observed a significant movement of the native token over the last week. Data from Santiment indicates that approximately 60 million XRP has been sold or redistributed by larger holders – what we often call ‘whales’.

— Ali Charts (@alicharts) June 3, 2026

When a lot of something becomes available all at once, it boosts the supply and can prevent prices from going back up.

ETF flows turn negative after strong inflows

After seeing a lot of investment earlier in the year, money started flowing *out* of U.S. XRP exchange-traded funds. Recent data from SosoValue shows these funds experienced net outflows of around $5.34 million in just one day.

Bitwise experienced a significant outflow of around $4.06 million in a single day, and Grayscale also saw some, though smaller, withdrawals.

Since launching in late 2025, these funds have gathered a total of $1.42 billion in investments, with significant contributions from companies like Bitwise, Canary Capital, Franklin Templeton, and Grayscale. However, recent trends indicate that investor interest is starting to decrease.

XRP ETFs could swallow 5–6% of supply: Grayscale

In a recent podcast interview, Zach Pandl, Research Head at Grayscale, predicted that XRP exchange-traded funds (ETFs) could collectively hold between 5% and 6% of all XRP in circulation soon. He noted strong investor demand for these ETFs, which have already attracted approximately $1.42 billion in investments since their launch in late 2025.

Despite some recent dips in the market, demand for XRP has remained consistently strong. Currently, ETFs hold around 1.4% of all XRP, which is still well below the 5-6% level many experts predict they could reach.

Paul Barron, speaking on a podcast, highlighted the growing interest in XRP ETFs. Bitwise currently leads the way with the biggest holdings among these ETFs, followed by Grayscale in fourth place. Total investments in XRP ETFs reached $1.1 billion, but dipped slightly to $1.03 billion after XRP’s price fell to around $1.15.

Pandl explained that XRP behaves differently than Bitcoin and Ethereum – its price doesn’t always follow the same trends. This makes it a good addition to investment portfolios as it helps reduce overall risk. He noted that Bitcoin and Ethereum ETFs generally hold between 5% and 6% of their assets, and a similar allocation is being considered for potential XRP ETFs.

XRP’s price is generally still moving downwards. This began in early May when the price repeatedly failed to break through the $1.55 resistance level, leading to selling. This recent drop has brought prices down to levels not seen since previous periods of market difficulty, coinciding with similar weakness in Bitcoin and Ethereum.

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2026-06-04 19:55