Smart Money Buys, Outflows Help XRP Weather Market Drop

XRP fell about 9% over the past week and traded near $1.16 after a volatile month. The weekly decline was smaller than moves in other major large-cap tokens.

From early June through the same seven-day window, Bitcoin fell about 11%, Ethereum declined about 16% and Solana dropped about 17%. BNB also registered a larger weekly loss than XRP.

On-chain metrics show two distinct patterns for XRP. The Smart Money Index, a gauge of informed trader positioning, rose between Feb. 6 and early June while XRP’s market price trended lower. The index moved closer to its signal line in early June.

Net exchange position change for XRP shifted from roughly negative 8 million on June 3 to about negative 92 million by June 8, an increase of about 1,050% in outflows. The change reflects coins leaving exchange wallets during the price decline.

Derivatives data on a major platform show about $134 million of potential short liquidations over a 30-day window versus about $80 million of long liquidations. Short positions would face liquidation if prices rise enough to reach their leverage thresholds.

Technical levels cited by analysts place a floor near $1.04, just above a 1.618 extension at about $1.01. Immediate resistance levels are identified at $1.22 and $1.29. The $1.34 level, lost in late May, remains a reference point for prior support.

Market participants are monitoring informed buying, exchange outflows and leverage exposure as data points used to assess near-term price direction for XRP.