XRP has fallen to the lowest level this year, raising the likelihood it could slip below the $1 mark. Exchange holdings are shrinking, whales are accumulating and spot exchange-traded fund (ETF) inflows are continuing, and on-chain indicators are showing a different trend.

On June 25, blockchain outlet Cointelegraph reported that XRP was trading slightly above $1, marking its weakest price range so far in 2026.

Prices are wavering, but fund flows on and off exchanges are tilting toward easing selling pressure. Crypto analyst Amr Taha pointed out that Binance's XRP reserves fell to the lowest level since March. About 100 million XRP left Binance over the past month, and holdings stood at about 2.68 billion XRP as of June 25. Compared with 2.78 billion XRP on May 12, it was the largest net outflow among major trading platforms.

Other exchanges showed a similar pattern. Upbit's XRP holdings fell to 2.48 billion XRP on June 25 from 2.51 billion XRP on May 31, and Bybit's declined to 82 million XRP from 92 million XRP on June 2. In absolute terms, Binance posted the biggest outflow, while Bybit recorded a steeper decline by percentage.

A change in Binance's trading behaviour also stood out. For seven consecutive days since June 17, the number of XRP withdrawal transactions exceeded deposit transactions. On a seven-day basis, the withdrawal share rose to 53.8 percent on June 23, the highest since June 2024, while the deposit share fell to 46.1 percent, the lowest level so far in 2024. The indicator counts transactions, not XRP volume. It means users have been moving coins out more often than sending them to Binance.

Large holders moved in the same direction. The 90-day moving average of XRP whale wallet flows maintained net inflows of 5.143 million XRP a day throughout this quarter. It is a signal that big wallets are continuing net accumulation rather than distributing sales.

Institutional money also provided some support. Spot XRP ETFs recorded net inflows of $2 million on June 24, taking cumulative net inflows in June to $31 million. Cumulative inflows since April reached $243 million.

Chart action, however, remains in bearish territory. XRP slid to $1.01 on June 25, setting a 2026 low. The possibility is also open that it could fall below $1 for the first time since November 2024. It is down 43 percent from the start of the year.

Technically, the range between $1 and $0.63 was presented as the next key price zone. The area is an unfilled price gap from a sharp late-2024 rally, and has been cited as a zone where buying demand could come in if declines continue.

Some take a long-term view. Versan Aljarrah (버산 알자라), founder of Black Swan Capitalist, assessed that XRP has formed a large accumulation range over many years, making higher lows on weekly and monthly charts. He said stronger gains often follow a break out of the range after a long period of sideways movement, and presented $10 as a long-term target.

In the short term, defending the $1 level has become the key variable. Exchange holdings are falling, withdrawals are dominant, whales are accumulating and ETF inflows are continuing at the same time. These are supply-and-demand signals that differ from price weakness. This is read as a sign that XRP's supply and demand structure should be considered together.