XRP’s price may be flirting with its 52-week low, but behind the scenes a quiet institutional build is taking shape. The token traded at $1.17 late this week, just a hair above the $1.14 trough, as a market-wide rout dragged it 68% below its 52-week peak of $3.65. Yet on-chain data and fund flows tell a different story — one of accumulation and expanding infrastructure.
More than 332,230 wallet addresses now hold at least 10,000 XRP, an all-time high. Over 25 million tokens have been moved off exchanges in recent days, and the XRP reserve on Binance has dropped from above 3 billion to roughly 2.71 billion. That classic accumulation pattern coincided with an extraordinary month for XRP spot ETFs: nearly $132 million poured in during May, the strongest inflow month since the products launched in November 2025. Grayscale’s Zach Pandl has estimated that XRP ETFs could eventually absorb 5% to 6% of the circulating supply.
The broader market correction, however, has overwhelmed these positive signals. Bitcoin shed about 7% in the same wave, while BTC ETFs saw over $3.5 billion in outflows — the longest consecutive outflow streak since 2024. On June 4 alone, more than $1.6 billion in leveraged positions across crypto were liquidated, including $5.34 million from XRP spot ETFs — the first negative day after 21 straight days of inflows. The XRP Relative Strength Index has sunk to 23.6, deep in oversold territory, and the token trades below all key moving averages, with the 50-day line sitting at $1.38.
Should investors sell immediately? Or is it worth buying XRP?
Two major institutional developments have done little to halt the slide. The CME Group launched 24/7 trading for crypto futures and options on June 1, with XRP as a core contract and Ripple Prime acting as clearing partner. Weekend volume reached roughly $50 million — a modest start, but the product’s open interest hit $1 billion within three months last year, faster than any other CME contract in history. Separately, Mastercard integrated Ripple’s stablecoin RLUSD into its global settlement network on June 3, enabling around-the-clock on-chain settlements for card transactions across multiple blockchains, including the XRP Ledger. Ripple simultaneously rolled out RLUSD in Turkey through partnerships with BiLira, Bitexen and Bitlo, tapping a local crypto market that moves roughly $200 billion annually.
The XRP Ledger’s on-chain activity continues to accelerate. Daily transactions have tripled to nearly 3 million compared to mid-2025, and RLUSD transaction volumes reached $22 billion in the first quarter alone, according to Evernorth CEO Asheesh Birla, speaking at the XRP Las Vegas conference on June 4. Meanwhile, the CLARITY Act cleared the Senate Banking Committee by a 15-9 vote and was placed on the legislative calendar on June 1, with the White House targeting July 4 for passage. Ripple has expanded its Washington policy office, betting that a clear regulatory framework will eventually underpin the token’s value.
For now, XRP remains within striking distance of its 52-week low. Technical resistance sits in the $1.32 to $1.37 zone; a decisive move above that range would confirm a recovery. But with the market still digesting a cascade of liquidations and the clock ticking toward potential new lows, the token’s fate hinges less on institutional building blocks and more on whether broader sentiment can allow a bottom to form.
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