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XRP falls 10% weekly amid crypto downturn, despite 7 weeks of ETF inflows and new EU license approval

Market News
24 Jun 2026
Blockonomi
View Source
Bearish
pluang ai news

XRP's price dropped about 10% over the past week and 20% monthly, pressured by a broader crypto market decline triggered by Bitcoin falling below $65,000. Despite continuous accumulation by XRP-focused spot ETFs for seven weeks and a new conditional Crypto Asset Service Provider license from Luxembourg under EU regulations, bearish technical signals persist. Market factors like rising US interest rate expectations and geopolitical uncertainties have intensified selling pressure. Analysts note historical seasonal weakness for XRP around midterm election years, suggesting a possible rebound after summer.

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