XRP Holds Up as Smart Money Buys, Exchange Outflows Rise

XRP fell about 9% over the past week and trades near $1.16 after a weak month. The drop was smaller than Bitcoin (about 11%), Ethereum (about 16%) and Solana (about 17%).

A Smart Money Index that tracks activity by informed traders rose from early February through early June while the XRP price trended lower. The index has recently moved back toward its signal line.

Glassnode data show net exchange position change for XRP moved from roughly −8 million on June 3 to about −92 million on June 8, representing a rise in net outflows. The amount of XRP held on exchanges declined over that five-day span.

Derivatives data on Bybit show about $134 million of short liquidation risk and about $80 million of long liquidation risk concentrated over the next 30 days. A liquidation map highlights a cluster of short positions near $1.22. Market technical levels noted include resistance at $1.22, $1.29 and $1.34 and support near $1.04, with a 1.618 extension around $1.01.

Early-June outflows from Bitcoin and Ethereum spot ETFs coincided with capital leaving higher-risk tokens. XRP faced selling pressure during that period but fell less than other major large-cap tokens.