$XRP Drops to $1.12 - But On-Chain Tells a Different Story
XRP slid 5% to $1.12 on June 10, touching an intraday low of $1.09 as US-Iran tensions pressured the broader market. The price chart bleeds - but the on-chain data disagrees.
Binance inflows just hit their lowest level of 2026. Over 25 million XRP moved off exchanges. Whale outflow dominance on Binance hit 91.4%, the exact same reading that preceded XRP's rally from $0.50 to 3+ in late 2024. Glassnode's realized profit-to-loss ratio sits at 0.38, deep capitulation territory.
Bears aren't wrong either: 1.00 psychological support is just 11% away, and the daily chart shows a clear descending channel since the $3.65 ATH.
Two signals, one asset. The one that breaks first decides whether XRP sees $2, or $0.90.
This content is for informational purposes only and is never financial advice. $BTC
