XRP Spot and Futures Outflows Total $26.56M as Price Tests $1.05 Support

XRP faces selling pressure with $24M futures and $2.5M spot outflows, testing key $1.05 support level amid broader risk-off sentiment.

Woofun AI data shows that XRP price action is testing the $1.05 support zone, which aligns with early-June lows and recent trading ranges. Data indicates significant capital withdrawal from both spot and futures markets following a trendline breakdown. Spot markets recorded a 12-hour net outflow of approximately $2.54 million, while futures markets saw a larger net outflow of $24.02 million. Derivatives traders appear to be reducing leveraged exposure rather than positioning for a rebound, suggesting risk reduction as support levels weakened. The asset must recover above the former triangle support and the 50-day simple moving average near $1.1101 to invalidate the current bearish structure.