{"id":1817,"date":"2025-06-03T07:35:06","date_gmt":"2025-06-03T07:35:06","guid":{"rendered":"https:\/\/bitunikey.com\/news\/xrp-struggles-near-support-as-xrp-investment-products-record-second-week-of-outflows\/"},"modified":"2025-06-03T07:35:07","modified_gmt":"2025-06-03T07:35:07","slug":"xrp-struggles-near-support-as-xrp-investment-products-record-second-week-of-outflows","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/xrp-struggles-near-support-as-xrp-investment-products-record-second-week-of-outflows\/","title":{"rendered":"XRP struggles near support as XRP investment products record second week of outflows"},"content":{"rendered":"
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XRP is hovering near a key support level as data shows institutional sentiment is beginning to cool off.\u00a0<\/p>\n

According to a June 2 weekly report<\/a> from CoinShares, XRP-focused investment products recorded their second consecutive week of outflows after losing a total of $28.2 million. This contrasts sharply with the larger digital asset market, which saw $286 million in inflows last week and a cumulative $10.9 billion over a seven-week run.\u00a0<\/p>\n

Despite the market-wide inflows, overall assets under management fell to $177 billion from an all-time high of $187 billion. This decline occurred as prices cooled in reaction to growing uncertainty about U.S. tariffs, which caused major asset volatility.\u00a0<\/p>\n

The ongoing withdrawals from XRP (XRP) investment products point to investor hesitancy, as reflected by XRP\u2019s recent range-bound price. At press time, XRP is trading at $2.20, up 1.6% in the past 24 hours. It has traded between $2.11 and $2.35 over the last week.<\/p>\n

Spot trading activity appears to be climbing. In the past 24 hours, XRP\u2019s trading volume rose over 24% to nearly $2 billion, pointing to renewed interest despite price consolidation. <\/p>\n

On the derivatives front, open interest is up 2% to $3.98 billion, and derivatives volume has jumped 18% to $3.45 billion, as per Coinglass data<\/a>. This indicates that more traders are positioning for near-term volatility.<\/p>\n

<\/p>\n

Looking at the technical picture, XRP remains under pressure. The asset is trading below its 10, 20, 50, and 100-day moving averages, all of which are flashing sell signals, suggesting that it is in a short- to medium-term downtrend. The 200-day exponential moving average is the only discernible bullish signal, indicating that there might be some longer-term support left.<\/p>\n

<\/source><\/p>\n<\/picture>
XRP price analysis. Credit: crypto.news<\/figcaption><\/figure>\n

While the relative strength index is at 43.5, just short of oversold territory but still neutral, the moving average convergence divergence shows a negative crossover, indicating that bearish momentum is still present. The narrowing Bollinger Bands indicate less volatility and a potential breakout in the future.<\/p>\n

XRP is currently trading near the lower band, which has often acted as support. A bullish breakout would require a move above the $2.30\u2013$2.35 resistance level, ideally supported by rising volume and a crossover of the short-term moving averages.<\/p>\n

A sustained close above the 50-day EMA would be an early sign of strength. In that case, XRP could attempt to reclaim the $2.50 zone. However, if XRP fails to hold above $2.13 and breaks through $2.10 on heavy volume, the next downside target could lie near the psychological $2.00 level, with extended weakness opening the door to $1.85.<\/p>\n

<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

XRP is hovering near a key support level as data shows institutional sentiment is beginning to cool off.\u00a0 According to a June 2 weekly report from CoinShares, XRP-focused investment products…<\/p>\n","protected":false},"author":1,"featured_media":252,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1817","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1817","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=1817"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1817\/revisions"}],"predecessor-version":[{"id":1818,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1817\/revisions\/1818"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/252"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=1817"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=1817"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=1817"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}