XRP falls 4% below $1.30 as bitcoin-led market weakness pulls down majors

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email XRP falls 4% below $1.30 as bitcoin-led market weakness pulls down majors XRP hit fresh 15-week lows after losing a key support zone, with exchange outflows failing to offset persistent selling pressure. By Shaurya Malwa Jun 2, 2026, 6:41 a.m. 2 min read Make preferred on What to know : XRP broke below the closely watched $1.30 support on heavy volume, extending a downtrend marked by lower highs and lower lows. More than 25 million XRP have moved off exchanges, hinting at accumulation, but rallies are still being sold and have not produced sustained price strength. Traders are watching support around $1.26 and resistance near $1.27 to $1.30, with a break below current levels potentially opening a move toward $1.20. XRP finally lost the $1.30 area traders had been defending for weeks, and the breakdown came on the heaviest volume of the session. Tokens continue leaving exchanges, which normally points to accumulation, but the market is still treating rallies as selling opportunities, leaving price stuck in a clear downtrend. News Background • More than 25 million XRP moved off exchanges in recent days after the largest single-day inflow of 2025, suggesting some investors are accumulating into weakness. • Despite those outflows, XRP continues to track broader crypto sentiment closely, showing little evidence of asset-specific demand driving price higher. • Analysts remain focused on whether the recent selloff is a temporary washout or the start of a deeper move toward support levels last tested earlier this year. Price Action Summary • XRP fell from $1.3109 to $1.2668 during the 24-hour session, posting a 3.4% decline. • The key breakdown came during the June 1 13:00 UTC session, when volume surged to 96.26 million and pushed price below support at $1.2960. • XRP later attempted a recovery toward $1.2791, but sellers quickly regained control and forced price back toward session lows. Technical Analysis • The break below $1.30 matters because it removes one of the most closely watched support levels on the chart. • Exchange outflows remain constructive beneath the surface, but they are not yet translating into stronger price action. • Failed recovery attempts near $1.2730-$1.2750 suggest sellers remain active on even modest rallies. • The broader structure continues to show lower highs and lower lows, keeping momentum firmly tilted to the downside. What traders should watch • $1.2650-$1.2670 is now the immediate support zone after the latest selloff. • $1.2730-$1.2750 becomes the first resistance area XRP needs to reclaim before downside pressure can ease. • A recovery above $1.30 would improve sentiment materially, but until then traders are likely to focus on whether support near $1.26 can hold. • If current support breaks, attention shifts toward the $1.20 area as the next major downside target. More For You Mt. Gox moves 10,422 bitcoin worth $739 million to a new wallet as deadline nears By Shaurya Malwa 27 minutes ago The 04:47 UTC Bitcoin block 952,072 transaction moved coins from Mt. Gox cold storage into a freshly generated address, with a smaller 116-bitcoin slice routed to the defunct exchange's hot wallet. What to know : Defunct bitcoin exchange Mt. Gox moved 10,422.65 bitcoin worth about $739 million to new wallets on Tuesday, its largest transfer in months ahead of an October 31, 2026 repayment deadline. The split transaction, which sent most of the coins to a previously unseen address, mirrors earlier administrative moves tied to... Read full story Latest Crypto News Mt. Gox moves 10,422 bitcoin worth $739 million to a new wallet as deadline nears 27 minutes ago Bitcoin slide to $70,000 as stocks pause and Strategy's BTC sale weighs on crypto 1 hour ago Strategy sold bitcoin in late May, and told the market in June. Here's how Polymarket bettors are fighting over when it counts. 1 hour ago Crypto investment firm Keyrock is acquiring bankrupt lender Blockfills 9 hours ago Crypto funds suffer second-largest outflows of 2026 while XRP and HYPE attract inflows 12 hours ago Saylor's Strategy sold bitcoin for the first time since 2022. These firms are still buying 13 hours ago Top Stories Strategy sparks panic with bitcoin sale, but analysts say it was 'immaterial' 14 hours ago Michael Saylor breaks silence after Strategy sells $2.5 million in bitcoin 14 hours ago Strategy’s bitcoin sale sparks a $14 million betting chaos on Polymarket 15 hours ago Bitmine slows ether purchase pace, buying $53 million worth last week 17 hours ago Whitehat developer unlocks $2 million stuck in a 2016 Ethereum ICO contract for nine years 23 hours ago