XRP Price Drops to $1.28 as Selling Pressure Overpowers Exchange Outflows

XRP slipped to around $1.28, marking its lowest level in 14 weeks as sellers continued to dominate price action despite signals that tokens are moving off exchanges. The drop shows a clear mismatch between accumulation indicators and short term market behavior.

More than 25 million XRP recently left exchanges, suggesting some holders are shifting coins into long-term storage. At the same time, spot XRP exchange traded products have attracted about $1.42 billion in cumulative inflows, indicating ongoing institutional interest. However, neither factor has been strong enough to reverse the broader downtrend.

Key support and resistance levels shape short-term outlook

XRP fell from $1.3384 to $1.2808 during the session, briefly touching $1.314 before stabilizing. The breakdown occurred on heavy volume of 55.03 million, pushing price below the $1.3320 support level and confirming continued weakness.

Despite outflows from exchanges, sellers still control short-term price structure.