XRP (CRYPTO: XRP) has experienced a nearly 5% decline as it enters June, a month that has historically seen significant losses for the cryptocurrency during midterm election years. According to crypto analyst EGRAG, XRP has recorded declines of 17% in June 2014, 39% in June 2018, and 32% in June 2022, all occurring under similar market conditions. EGRAG suggests that the current market setup could lead to a substantial bear trap if XRP manages to reclaim the 50 Exponential Moving Average (EMA) and the macro trendline. Additionally, XRP spot ETFs have reported their first outflow of June, totaling $5.34 million, yet XRP investment products still experienced $20.3 million in weekly inflows. Notably, over 25 million XRP have recently left exchanges, indicating a trend towards longer-term accumulation. Currently, XRP is trading within a demand zone established during its February recovery, with critical support levels between $1.10 and $1.15. A daily close below these levels could trigger further declines, while a rebound could target higher resistance levels.