Is XRP About to Wreck Your Wallet Again? Here’s What the Charts Say

XRP (XRP-USD) has bounced over 40% since April, climbing to around $2.50 as of June 4. That sounds great—until you realize it’s still down 37% from its January high of $3.40. And now, technical analysts are sounding the alarm again.

According to Glassnode, XRP’s NUPL (Net Unrealized Profit/Loss) metric just entered the “Belief–Denial” zone. That may sound abstract, but in the world of on-chain data, it often means one thing: the price is topping out, and holders are starting to quietly cash out before the music stops.

In 2021, XRP hit the same zone and crashed hard. The pattern seems to be repeating.

Institutional Money Is Quietly Exiting XRP

Meanwhile, the smart money may already be walking away. According to CoinShares, XRP-related exchange-traded products saw $28.2 million in outflows in the last week of May—more than any other altcoin.

For the full month, $56.6 million flowed out of XRP products. Compare that to Ethereum’s $321.4 million in inflows, and it’s not hard to see where the big players are placing their bets right now.

That kind of quiet retreat from institutions usually doesn’t bode well for price support.

Chart Pattern Points to Possible 22%–38% Drop

Here’s where it gets technical. XRP is sitting inside a falling wedge pattern—a setup that’s supposed to be bullish eventually. But unless the price breaks above its current resistance near $2.23, another pullback is on the table.

Charts show a high probability of XRP dipping to $1.78, or even as low as $1.45, depending on how severe the correction gets. That’s a potential 38% wipeout from current levels.

Yes, falling wedges can flip bullish. If XRP manages to break out with volume, the technical upside target could hit $3.66, which would be a new all-time high. But based on current signals, that breakout feels more like a long shot than a forecast.

So, is XRP about to make you broke? That depends on whether you’re holding the bag—or waiting on the sidelines for a smarter entry point.

At the time of writing, XRP is sitting at $2.2450.