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XRP price struggles near $1.26 amid weak momentum and low whale withdrawals from Binance.

Market News
02 Jun 2026
Crypto news
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Bearish
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XRP traded near $1.26 on June 2, down over 3% in 24 hours and more than 9% in the past month, pressured by weak momentum and bearish technical indicators like RSI near oversold and a bearish MACD. Whale withdrawals from Binance hit their lowest since 2021, signaling cautious large holders and subdued demand. Despite $4.13 million inflows into XRP ETFs, the token remains below resistance at $1.35-$1.45, with analysts noting potential support at $1.10 and deeper accumulation zones between $0.85 and $0.65 if current levels fail. The market awaits stronger buying signals to confirm a recovery.

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