XRP's Risk of Breaking Below $1 Rises as Exchange Holdings Decline and Whale Accumulation Continues

XRP has fallen to its lowest level of the year, raising concerns about a potential drop below $1. According to CoinTelegraph on June 25, on-chain indicators are diverging from price trends amid declining exchange holdings, Binance outflows, whale accumulation, and inflows into spot XRP ETFs. XRP currently trades slightly above $1, its weakest price range this year, with technical analysis still showing a bearish market structure. It fell to $1.01 on June 25, hitting its lowest since 2026, and may dip below $1 for the first time since November 2024, down 43% from the start of the year. Exchange-held XRP has decreased, with Amr Tahah noting Binance's XRP reserves have dropped to their lowest since March. Approximately 100 million XRP has left Binance over the past month, reducing holdings from 27.8 billion XRP on May 12 to 26.8 billion XRP on June 25. Binance's withdrawal volume has exceeded deposits for seven consecutive days since June 17, with whale accumulation also trending downward. Institutional funds have flowed in, with a spot XRP ETF recording $20 million in inflows on June 24 and cumulative inflows of $31 million for June, totaling $243 million since April. Despite the weak price, fund outflows have not occurred. However, price charts have not confirmed a rebound yet, with the next key range speculated to be between $1 and $0.63, a price gap left unfilled during the late 2024 rally. Long-term perspectives suggest XRP has formed a prolonged accumulation phase with rising lows on weekly and monthly charts, and prolonged sideways movements often precede stronger rallies, with some projecting a target of $10.