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XRP spot ETFs recorded their first net outflows since April, ending a five-week streak as the token’s price slides toward the critical $1 support level.
U.S. spot XRP ETFs recorded a net outflow of $5.34 million on June 3, marking the first negative day for the funds since April 30 and ending a five-week period of consistent inflows [1]. This shift in investor sentiment coincides with a broader market downturn that has pushed the price of XRP toward the $1 support zone [1].
Key takeaways
The recent outflow streak broke during a period of significant macro pressure, as the total crypto market capitalization has fallen below $2.2 trillion [1]. On June 3, Bitwise’s XRP ETF led the outflows with $4.06 million, while Grayscale’s GXRP fund shed $699,000 [1]. Although Franklin’s XRPZ fund attracted $3.83 million on June 4, the overall momentum for the complex has stalled, with net flows hitting $0 on June 5 [1].
This cooling demand follows a period of high institutional activity earlier in the year. In mid-May, the ETF complex successfully absorbed a $154 million exit by Goldman Sachs, recording $60.5 million in new buying during the same week [1]. However, current market conditions differ from that period, as Bitcoin has declined 25.5% over the last 30 days and the Crypto Fear and Greed Index has entered "Extreme Fear" territory [1]. Additionally, Ripple’s scheduled monthly escrow release on June 1 injected 1 billion XRP into the market, with 200 to 400 million tokens potentially entering circulation [1].
The $1 level is viewed by analysts as a critical psychological and technical floor, aligning with the Bollinger lower band on the monthly chart and previous panic lows from February [1]. Whether the ETF bid remains resilient at this price point will determine if the current decline is a temporary correction or a more significant structural break [1].
Future price performance remains tied to regulatory and institutional developments. While some institutional analysts have proposed long-term price targets as high as $20 by 2030, these forecasts depend on sustained institutional adoption and the potential passage of the CLARITY Act [2]. If the legislation remains stalled, the "bear case" scenario suggests the token could remain in the $1 to $1.50 range through the end of 2026, pushing more ambitious price targets further into the future [2].
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 2 outlets · Jun 12, 2026 · How we report
Ripple is a for-profit company that develops technology for the XRP Ledger and uses the XRP token to provide liquidity for global payments through its RippleNet product.
The network uses a federated consensus protocol where trusted nodes agree on the order of transactions, rather than relying on energy-intensive proof-of-work or proof-of-stake mechanisms.
XRP functions as a bridge asset to facilitate liquidity between different fiat currencies, enabling faster and more cost-effective cross-border settlements.