XRP Bear Flag, Frequent Whale Transfers to Binance Raise Risk of Drop Below $1

XRP is the native asset of the XRP Ledger, and its price has long been influenced by risk appetite in the crypto market, onchain activity and ETF fund flows. Recent trading has remained constrained by a three-week range, with $1.13 seen as a crucial dividing line between bulls and bears. A break below it could trigger stop-loss orders and technical selling, weighing on market confidence.

In the latest session, XRP fell below $1.13 as trading volume surged and heavy selling drove a one-day decline of 4.5%. It also briefly lost $1.14 before buyers fueled a sharp rebound, but it is still testing the $1.10–$1.12 support zone. If XRP cannot reclaim its former support, the next level to watch is $1.00, with a risk of falling below it.

XRP had mounted a breakout rally as buying returned to the broader cryptocurrency market, but encountered selling pressure near a key technical resistance level. The $1.20 mark is an important gauge of bullish and bearish momentum. Failure to hold above it could push the token into short-term range-bound trading and increase the risk of another test of support.

In the latest trading, XRP fell about 4% after its breakout attempt stalled, dropping below $1.20. Buying support has emerged in the $1.17–$1.18 range. Traders are watching whether that area will hold. XRP would need to reclaim $1.20 to have a chance of restoring upward momentum; otherwise, selling pressure could persist.

XRP is a crypto asset used within the Ripple ecosystem, and its price is often influenced by broader market risk appetite, trading volume and short-term capital flows. Its rapid surrender of gains after the breakout points to profit-taking at higher levels and mounting selling pressure, making $1.20 a key gauge of whether the bullish structure remains intact.

At the time of publication, heavy selling had pushed XRP below $1.23, with traders watching support at $1.20. A decisive break below that level could lead to a further pullback. Conversely, a recovery above $1.25 would be more likely to indicate that the decline was merely post-breakout profit-taking rather than a trend reversal.

XRP, the native asset of the XRP Ledger, is often influenced by Bitcoin and broader crypto-market risk appetite. Despite recent bullish signals including ETF inflows and exchange outflows, buying failed to sustain a rebound. The loss of support at $1.36 also shifted the market structure from consolidation to a bearish bias.

XRP plunged 9.1% in a day, first breaking below $1.36 before briefly sliding below $1.30, with a low near $1.32, and touching a 16-week low. Traders are watching the June monthly open area and the $1.30 level for signs of stabilization. If selling pressure persists, the next area of interest is $1.20, while an extreme scenario could see XRP test $1.

XRP is the crypto asset used for cross-border payments and settlement within the Ripple ecosystem. Its price is often influenced by technical patterns and exchange flows. A similar breakout pattern in 2025 was followed by a cumulative 66% rally, making the latest bull-flag breakout and fund movements at South Korea's Upbit key indicators of the near-term trend.

The latest reports show XRP retested support after breaking out of a bull flag and remained above $1.42. Technical analysis points to a target of $1.70–$1.72, implying potential gains of about 20%. Over the same period, XRP withdrawals from South Korea's Upbit reached an all-time high, prompting market speculation that large holders may be moving tokens off the exchange to accumulate them.