XRP traded near $1.34 on Sunday, largely unchanged for the session and down 2% for the week. The token's 24-hour volume stood at $1.17 billion, with a total market capitalization of approximately $82.8 billion. Despite a choppy end to May, the digital asset held its ground above the $1.30 support level, leaving both bulls and bears on edge.
ETF Flows Show Divergent Trends
According to data from SoSoValue cited by CoinDesk, U.S. spot XRP ETFs attracted $11.88 million in net inflows on May 29, contributing to a cumulative $35 million in inflows over the May 20–29 period. In contrast, bitcoin and ether ETFs experienced outflows totaling nearly $2 billion during the same timeframe. This divergence highlights a growing interest in XRP-specific products, though the token's price has yet to reflect the positive fund flows.
Broader Crypto Market Weakness
The broader cryptocurrency market faced headwinds in May, with bitcoin losing 4.5% and ether dropping more than 11% for the month. CoinDesk reported late Friday that the sector is heading for its first monthly decline in three months. Bitcoin traded at $73,674 and ether at $2,014, as the overall market sentiment remained cautious.
XRP's Price Action and Key Levels
XRP experienced a volatile week but avoided major swings. The token opened at $1.3501 on May 25, dipped to $1.3074 on May 27, and touched a low of $1.2687 on May 28 before rebounding to $1.3400 on Saturday and $1.3411 on Sunday. Analysts identified $1.30 as the primary support level, where buyers typically step in, and noted that XRP needs to climb back above the $1.32–$1.34 range to shift momentum. A break below $1.30 could open the door to further downside toward $1.20.
Policy Developments and Regulatory Outlook
On the policy front, the U.S. Senate Banking Committee advanced the Clarity Act on May 14, moving a crypto market-structure bill to the full Senate. However, Reuters reported that two Democrats who voted in favor of the bill in committee have signaled they could change their stance as floor negotiations continue. Miller Whitehouse-Levine, CEO of the Solana Policy Institute, described the bill as the product of "years of work." Meanwhile, crypto trading firm Wincent's senior director Paul Howard told Barron's that "crypto sentiment has broadly weakened since Oct. 10, 2025," attributing the fragility to thin liquidity and a lack of new catalysts, which make the market more sensitive to geopolitical headlines.
Market Structure Innovations
In a significant market structure shift, Coinbase and Kalshi announced on Friday the launch of regulated perpetual crypto futures in the U.S. These derivatives, known as "perps," have no set expiry date and offer high leverage, amplifying both potential gains and losses. Kalshi CEO Tarek Mansour stated, "Onshore, safe, and regulated perps will improve capital allocation and risk management."
Outlook for XRP
As XRP heads into June, the token faces mixed signals. While ETF inflows indicate some demand, the broader crypto market remains soft, and the price continues to hover in the low $1.30s. Without a clear catalyst, the market appears stuck in a wait-and-see mode, with investors closely watching the $1.30 support level for signs of a breakout or further decline.
