- XRP slipped below $1.40 as analysts watched a rising trendline that could decide whether the price moves toward $1.
- XRP spot ETFs recorded $60.5 million in weekly net inflows, while exchange reserves fell to about 2.75 billion tokens.
XRP is back under pressure after slipping below the $1.40 area, with traders watching whether the latest move opens the door to a deeper decline toward $1. The token traded near $1.38 on Monday after losing more than 2% in 24 hours, extending a pullback that followed its recent move above key short-term levels.
Technical analyst AllInCrypto said a sub-$1 XRP move remains possible if current support fails. His chart shows XRP trading near a rising trendline that has supported the market since early February. Buyers have defended that line several times, yet the latest candles show weaker momentum after rejection near the $1.55 zone.
The analyst framed a drop below $1 as a possible buying opportunity rather than a full breakdown of his long-term outlook. He still maintains a longer-range XRP target above $19, although he noted that the move may take longer than earlier expected. The immediate focus sits on whether XRP can hold the trendline or lose another support zone for now.
However, some traders see the possible decline as part of a larger accumulation phase. Others argue that XRP’s failure to sustain stronger gains after years in the market raises caution. The debate has become sharper as price action weakens while on-chain and ETF data still point to continuing demand.
XRP ETF Inflows and Exchange Reserves Offer Hope
XRP spot ETF products recorded $60.5 million in net inflows during the May 11 to May 15 trading week, based on SoSoValue data. Bitwise’s XRP ETF led the group with $25.7 million in weekly net inflows, while Franklin Templeton’s XRPZ ETF followed with $21 million.
The total net asset value across XRP spot ETFs stood at $1.18 billion at the time of the report. Cumulative net inflows reached $1.39 billion, while ETF assets represented about 1.33% of XRP’s total market value. That demand gives the market a stronger institutional base, even as price action remains soft.
Exchange reserve data also shows a different side of the market. CryptoQuant data showed XRP reserves across supported exchanges falling to about 2.75 billion tokens as of May 17. Falling exchange balances often suggest that holders are moving tokens away from trading platforms, which can reduce available sell pressure.
Still, lower exchange supply does not automatically prevent short-term losses. XRP has already pulled back from its recent rally, and the price remains close to a level where technical traders could turn more cautious. A break below the rising support line could bring the $1.21 area into focus before any move toward $1.
Another analyst, Dark Defender, said XRP continues to coil inside an apex pattern. His chart places XRP between a descending resistance line and a rising support line, with the market approaching a point where the structure may soon change. He also marked upside Fibonacci levels near $1.88 and $3.56, while the lower range sits near $1.21.
Despite the bearish price prediction, XRP ETFs recently hit their strongest single-day inflow since January, with $25.8 million flowing into the funds on May 11. The inflow followed $34.21 million from the previous week and lifted May’s total to about $60 million.
