XRP trades at $1.2634 on June 2, dropping 2.47% after a confirmed liquidity sweep above the daily candle range high, as the weekly chart shows price pressing into its lowest RSI reading since the 2024 bear market and every major EMA sitting well overhead.
Starting from the daily chart, the CRT setup is clean. Price swept above the candle range high at $1.3369 in late May, triggering stops above that level before immediately reversing back below it. That sweep is now confirmed. In CRT terms, once the range high is taken and price fails to hold above it, the opposing side becomes the draw. The candle range low is the primary target for June.
Dropping to the weekly chart, the broader context reinforces the bearish read. XRP has been inside a descending channel since the July 2025 high near $3.50, with each recovery attempt failing at lower highs. The weekly 20 EMA sits at $1.4995, the 100 EMA at $1.6315, and the 50 EMA at $1.7780, all stacked well above current price. The pink demand zone visible on the weekly between $1.00 and $1.15 is the macro support area that aligns with the February 2026 lows and represents the next meaningful floor if the current structure continues lower.
The weekly RSI at 33.92 is approaching oversold territory for the first time since early 2024. RSI this low does not guarantee a reversal but it does suggest the selling is extended. A bounce is possible from current levels, but without reclaiming $1.3369 on a weekly close the CRT setup remains bearish and any bounce is a counter-trend move inside a downtrend.
XRP Key levels for June:
- Resistance: $1.3369 (daily candle range high), $1.4995 (weekly 20 EMA)
- Support: Candle range low (daily), $1.15 to $1.00 (weekly demand zone)
XRP spot ETFs recorded $4.13M in daily net inflows on June 1, entirely from Canary Capital’s XRPC product. The other four products, Bitwise, Franklin, 21Shares, and Grayscale, all reported zero flows on the same day.
Cumulative net inflows hold at $1.43B with total net assets at $1.11B. One product driving all the flow while four sit inactive reflects selective positioning rather than broad institutional demand.
Volume jumped 51.83% to $2.94B while open interest fell 3.23% to $2.82B. Volume rising while OI drops means positions are being closed into the move rather than fresh bets being placed. Longs absorbed $11.54M in 24-hour liquidations against just $299.15K for shorts, a 38 to 1 ratio in bears’ favor.
The retail long/short ratio sits at 0.8716, shorts slightly ahead in account count. Top traders on Binance are running 3.4583 by accounts but only 1.9974 by positions, meaning professionals hold the long view directionally but are sizing down. A retail base that is short while professionals are cautiously long creates a setup where any sharp move either direction triggers significant liquidations.
- Downside: The confirmed sweep above $1.3369 keeps the daily CRT target pointing lower. Losing the candle range low on a daily close opens the weekly demand zone between $1.00 and $1.15 as the macro June target.
- Upside: Reclaiming $1.3369 on a weekly close invalidates the sweep setup and shifts focus toward the weekly 20 EMA at $1.4995, but that requires a reversal of the current structure which the weekly RSI and EMA positioning do not currently support.
