34 while Bitcoin triggered bearish technical signals. 34 mark, supported by four weeks of uninterrupted ETF inflows. In contrast, Bitcoin (BTC) broke below critical right-shoulder support within a head-and-shoulders pattern, signaling a potential structural shift toward lower lows.
Meanwhile, BitMEX founder Arthur Hayes suggested a capital rotation could see Hyperliquid (HYPE) absorb market share from Solana (SOL) as the derivatives platform reached new price heights.
The resilience of XRP comes as it trades amid fresh exchange outflows and consistent institutional interest. Market data indicates that XRP recorded its largest exchange inflow of the year on May 28, 2026, with 22.80 million tokens moving onto platforms. However, this was immediately followed by a larger outflow of 25.24 million XRP. Such movements often reduce the immediate selling supply, further stabilizing the XRP speculative activity that has defined the asset’s recent performance.
Technical forecasts and ETF dynamics for XRP
Ali Martinez’s forecast highlights that XRP is currently holding the lower boundary of an ascending channel on the hourly timeframe. If this $1.34 support level withstands market pressure, Martinez has identified potential recovery targets at $1.37 and $1.40. This optimism is bolstered by the XRP ETF sector, which remains immune to the outflows plaguing larger funds. In May 2026 alone, XRP ETF flows added $131.94 million, contrasting sharply with the broader market trend.
The general shift in market sentiment has been particularly difficult for Ethereum and Bitcoin funds. Spot Bitcoin ETFs are currently recording their third consecutive week of outflows, losing $1.42 billion over the past seven days. Ethereum funds are also losing $24.4 million in capital. This fundamental divergence suggests that while flagship assets are struggling, specialized products like XRP are retaining institutional favor.
Bitcoin triggers technical red flags as ETF outflows mount
Aksel Kibar, a well-known technical analyst, has identified significant bearish signals for Bitcoin. His analysis shows that the price broke through the key support of the “right shoulder” in a head-and-shoulders pattern, located just below the $71,500–$73,900 zone. Kibar notes that this technical failure reflects a flight of capital, as Bitcoin is currently trading at approximately $68,600 (€63,225.30). The cryptocurrency has seen its value drop 4.7% over the last week.
This decline coincided with a 10-day streak of outflows from spot Bitcoin ETFs, during which investors withdrew $2.9 billion, or roughly 46,000 BTC. Under Kibar’s bearish outlook, the price drop below critical levels has left more than 40% of the market supply of coins at a loss. Furthermore, the network hashrate has fallen by 9% as miners repurpose their capacity for AI data centers, reflecting the macro warning signs currently impacting the sector.
Arthur Hayes eyes capital rotation into Hyperliquid (HYPE)
As Bitcoin dominance falls below 60%, BitMEX founder Arthur Hayes is predicting a rotation of capital into Hyperliquid (HYPE). Hayes believes the HYPE token will inevitably absorb Solana’s market share as traders seek high-speed alternatives. Hyperliquid, a Layer-1 blockchain and decentralized exchange, is built for perpetual futures and can handle up to 100,000 orders per second with sub-second latency.
HYPE reached a new all-time high of $69.43 on May 30, 2026, and is currently trading at $69.38. The token has seen a 14% increase over the last week and carries a market capitalization of $17.62 billion. While Hayes has not specified a numerical price target, his forecast focuses on the platform’s ability to capture the high-frequency trading niche currently dominated by Solana. The broader market now awaits the Fed’s Beige Book and U.S. unemployment data for the next major price catalyst.