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

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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35.6B XRP held by Ripple accounts and escrow as of Oct 2026, with 1B XRP escrow release planned for Nov 2026

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As of October 13, 2026, Ripple-labeled accounts and locked escrow held approximately 35.6 billion XRP, including about 31.4 billion XRP in escrow. The method of counting—whether by individual wallet or grouped owner labels—affects the concentration f...

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Technical Signals
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