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<a href="https://minority-mindset.com/xrp-usd/">XRP</a> price nears oversold zone as whale withdrawals hit 2021 low

On June 2nd, XRP’s price decreased due to a lack of buying interest, large investors selling off holdings, and negative signals from its price chart, keeping it near a crucial support level.

Summary

  • XRP trades near $1.26 as RSI sits at 31.55, keeping the token close to oversold territory.
  • CryptoQuant data shows XRP whale withdrawals from Binance fell to about 978M, the lowest since 2021.
  • XRP ETFs logged $4.13M in inflows, but weak momentum keeps $1.35 to $1.45 as resistance.

On June 2nd, XRP was trading around $1.26 to $1.28, a decrease of over 3% in the last 24 hours, according to crypto.news data. Over the past week, the token’s value dropped by more than 5%, and it has fallen over 9% in the last month.

XRP’s price recently dropped close to its lowest point of the day. While trading was busy, with almost $2 billion changing hands, buyers haven’t been able to lift the price back up to its previous range of $1.35 to $1.45.

XRP is currently the fifth-largest cryptocurrency based on its total market value, which is around $78 billion. If all XRP tokens were in circulation, its total value would be over $126 billion.

The token’s price is currently much lower than its peak of $3.65, which it reached in July 2025. Over the last year, XRP has decreased in value by over 40%, and it’s still significantly down compared to its price 200 days ago.

RSI and MACD keep pressure on XRP

XRP is approaching the point where traders might consider it oversold, but hasn’t quite reached that level yet. The Relative Strength Index (RSI) is currently at 31.55, and its average is around 39.87. Generally, a reading below 30 indicates an oversold condition, meaning XRP is getting close, but hasn’t dropped that far.

The RSI indicator is currently weak, suggesting that sellers are still dominating recent price movement. While a small price increase is possible if traders respond to the fact that the asset is nearing oversold conditions, this reading doesn’t signal a definite shift in the overall trend just yet.

The MACD indicator continues to suggest a downward trend. Currently, the MACD line is at -0.0286, which is below the signal line at -0.0212. The histogram reading of -0.0074 confirms that selling pressure is still present.

The price chart isn’t showing a dramatic or rapidly accelerating decline. However, XRP needs more consistent buying pressure to begin a reliable recovery.

Whale withdrawals from Binance hit a low

According to CryptoQuant’s Arab Chain, large XRP holders have withdrawn approximately 978 million XRP from the Binance exchange in the last month. This is the smallest amount withdrawn since 2021.

Changes in how much cryptocurrency whales (large holders) move off of exchanges can be a sign of what’s happening in the market. If whales are withdrawing a lot of coins, it might mean they plan to hold onto them for a while, reducing the amount available for immediate sale. Conversely, if withdrawals decrease, it could suggest uncertainty, low buying interest, or that people are waiting to see how the market develops.

Recent data indicates that large XRP holders aren’t withdrawing their coins from Binance as quickly as they did during previous market surges. In the past, particularly in 2021 and earlier in 2024 and 2025, significant price increases were often accompanied by a noticeable jump in withdrawals from the exchange.

The market seems to be settling down. XRP is trading within a limited price range, which could suggest that major investors aren’t making strong moves. If we see more XRP being moved off exchanges while the price goes up, that could be a sign of increased buying interest from traders.

ETF inflows fail to lift weak momentum

XRP ETFs saw $4.13 million in new investments, bringing their total value to around $1.11 billion. Despite a recent drop in XRP’s price, these regulated investment products continue to draw money from investors.

NEW: $XRP ETFs record $4.13 million inflows, pushing total net assets to $1.11 billion

— crypto.news (@cryptodotnews) June 2, 2026

According to crypto.news, XRP ETFs saw a significant $131.94 million in investments in May, marking their best month in 2026. This happened while Bitcoin and Ethereum funds experienced substantial outflows during the same period.

As an analyst, I’m observing that despite increased fund demand, we haven’t seen a significant rebound in the immediate, or ‘spot,’ market for XRP. Currently, the price is still trading below a key level where it recently stabilized, and the technical indicators aren’t showing much strength, suggesting a cautious outlook.

Traders are now watching the $1.35 to $1.45 price range closely. If the price goes above this range, it could relieve some immediate selling pressure and potentially push it towards $1.50.

If XRP’s price drops below its current level, traders are likely to focus on $1.10 as the next potential support level. If that doesn’t hold, some analysts suggest a buying opportunity could emerge between $0.85 and $0.65.

According to ChartNerd, XRP has failed to sustain upward movement twice since November 2025, following a specific technical pattern known as a 5-day 20/50 EMA death cross. The price peaked around $2.40 in January and again at $1.54 in May before declining, indicating potential resistance.

The downward trend is becoming clearer. Since November 2025, when key moving averages signaled a potential downturn, XRP has attempted to recover twice, but both times it failed. First, it briefly rose to $2.40 in January before falling to $1.11. Then, in May, it reached $1.54 before dropping again, confirming the continuing decline.

— 🇬🇧 ChartNerd 📊 (@ChartNerdTA) June 2, 2026

Crypto Patel believes XRP is currently trading within a stable range, fluctuating between $1.30 and $1.10. He suggests that if the price drops below $1.10, the $0.85 to $0.65 range could be an excellent long-term buying opportunity.

Currently, XRP’s price movement is uncertain. While new investments and a recent dip might cause a temporary price increase, larger investors selling off holdings, negative momentum indicators, and a pattern of falling peaks suggest the overall trend is still downward.

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2026-06-02 13:02