XRP Downtrend Deepens Despite Ripple Progress

XRP Extends Losses After Weak Q1

XRP ended the first quarter down 27.3%. Since the beginning of Q2, the token has continued to decline.

Overall, XRP has lost more than 34% of its value since the start of the year.

Ripple Progress Fails to Lift Token Price

Experts point out that Ripple received approval from the Office of the Comptroller of the Currency (OCC) this year to establish a trust bank.

On June 15, an XRP Ledger update was released, introducing memory optimization, higher transaction throughput, and improved network stability.

In addition, the XRP Ledger will be integrated into the payment infrastructure of African fintech company Flutterwave as part of Ripple’s partnership with the firm.

Exchange Outflows Reduce Market Supply

Another positive development is the withdrawal of more than 720 million XRP tokens from exchanges since the beginning of June.

Such outflows reduce the available supply of tokens on the market, which is generally supportive of prices.

However, Ripple’s achievements, both in the previous year and in the current one, have not been reflected in XRP’s price performance.

According to crypto market experts, this remains one of the token’s key risks.

Technical Setup Points to Key XRP Levels

From a technical perspective, the price fell to the lower boundary of the regression price channel, followed by a rebound and a return to the regression line, which is now acting as a resistance level.

On the lower 4-hour chart, the price also bounced off the 200-period moving average.

At present, there are two possible scenarios. Under the more likely scenario, the downtrend will continue, with the price potentially declining toward the $1.15 level.

In the alternative scenario, XRP could extend its recovery. Confirmation of this bullish outlook would come from a breakout above the local resistance level at $1.25.