XRP’s $1.13 Slump: Whales Dump 30M Tokens, Geopolitics Kill the Rally—Bulls Must Hold $1.00 to Survive

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By: Lucas Caldwell

XRP’s price is stuck in a downward spiral, and the signals aren’t pretty. Whales are dumping tokens, geopolitics are spooking markets, and technical indicators are screaming sell. This isn’t just a blip—it’s a perfect storm of short-term pressure and long-term questions.

Santiment data shows whale holdings dropped from 3.82 billion to 3.77 billion XRP between June13 and17. That’s over30 million tokens sold in four days. Analysts like Ali Martinez are flagging this as a red flag—large holders moving tokens to exchanges usually means more selling supply.

xrp price
XRP Price

Geopolitics aren’t helping either. US-Iran talks scheduled for June19 in Switzerland got suspended after Israeli strikes in southern Lebanon. Iran called off the meeting, and futures markets started pricing in higher volatility. XRP doesn’t track geopolitics directly, but risk-off sentiment pulls liquidity from crypto.

Technical indicators paint a bearish picture. There are14 sell signals and zero buy signals across major moving averages. XRP is trading below its10 EMA ($1.167),50 EMA ($1.267),100 MA ($1.36), and200 MA ($1.57). RSI is at38.79—close to oversold but not there yet. Support levels are at $1.12 and $1.09; break below $1.10 could mean more downside.

Source: TradingView

Tokenomics are a weak spot. The XRP Ledger burns just0.00001 per transaction. On June14, only295 XRP were burned—minimal against a62 billion circulating supply. But institutional activity offers some hope: spot XRP ETFs have $1.4B in inflows since late2025, tokenized assets on XRPL grew from $128M to $368M in a year, and big banks like Aviva, Societe Generale, and Deutsche Bank integrated Ripple’s infrastructure in2026.

EGRAG CRYPTO points to an ascending triangle pattern on the 2-month chart—suggesting a possible E-wave bottom. But confirmation needs reclaiming $2.00-$2.10. For now, bulls need to hold $1.00 or things get uglier.

Author bio: Lucas Caldwell, a tech opinion leader with millions of followers on X/Twitter, analyzes crypto market trends and institutional adoption.