Ripple-linked XRP sinks 7% to four-month lows

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Ripple-linked XRP sinks 7% to four-month lows XRP fell another 7% after losing key support levels, with traders weighing growing institutional demand against one of the token's weakest technical setups in months. By Shaurya Malwa Jun 4, 2026, 1:18 p.m. 2 min read Make preferred on XRP is attracting money, but not buyers. ETF products continue pulling in fresh inflows and exchange balances keep shrinking, yet price has fallen back to levels last seen in February. When a market stops responding to bullish developments, traders tend to focus less on the story and more on where the next support level sits. News Background • XRP marked its 14th anniversary this week, commemorating the 2012 genesis event that created the network's 100 billion token supply. • XRP investment products recorded $20.3 million in weekly inflows even as digital asset funds broadly suffered $1.5 billion in outflows. • More than 25 million XRP left exchanges in recent days, extending a trend that typically signals longer-term accumulation rather than immediate selling pressure. Price Action Summary • XRP dropped from $1.2360 to $1.1497 during the 24-hour session, touching lows near $1.14 before recovering slightly. • Volume surged to 248.2 million XRP during a support test, marking one of the largest trading bursts of the week. • The selloff extended losses that began with the breakdown below $1.25, a level that had acted as support throughout much of the spring consolidation. Technical Analysis • XRP has now erased the entire $1.20-$1.60 trading range that defined the past four months, putting focus on support levels last tested during February's selloff. • The bigger issue is not the decline itself but the repeated failure of recovery attempts. Rallies in January stalled near $2.40, while a second rebound attempt in May failed around $1.54, reinforcing the broader downtrend. • The monthly RSI has slipped below 43, a level reached only a handful of times in XRP's history. Previous occurrences coincided with major market resets, though not necessarily immediate bottoms. • A sharp bounce from the $1.14 area produced signs of short-term seller exhaustion, but volume outside the initial reversal remained largely routine, limiting confidence in the recovery. What traders should watch • $1.14-$1.15 is now the immediate support zone. A break lower shifts focus toward $1.11 and potentially the sub-$1.00 area highlighted by some bearish analysts. • $1.28 has flipped from support into resistance and remains the first major level XRP would need to reclaim to stabilize sentiment. • ETF inflows, exchange outflows and whale activity continue pointing toward accumulation underneath the surface. The problem for bulls is that price has yet to confirm any of it. • XRP is approaching a genuine inflection point. Either buyers start defending the current range with conviction, or the market risks turning a four-month consolidation into a much larger breakdown. More For You Strategy's Saylor's explanation for bitcoin's slide isn't what bears think By Omkar Godbole | Edited by Stephen Alpher 52 minutes ago Bitcoin's drop reflects capital rotation into AI, Saylor argues, but the bears have a darker reason. What to know : Bitcoin has fallen about 14% over the past week and 22.7% over the past four weeks, prompting debate over the cause of the decline. Michael Saylor argued the drop reflects capital rotation into artificial-intelligence infrastructure. Saylor, whose firm remains the largest corporate holder of bitcoin with 843,706 BTC, frames the... Read full story Latest Crypto News CoinDesk 20 performance update: Bitcoin Cash (BCH), up 1.5%, is only gainer 8 minutes ago Strategy's Saylor's explanation for bitcoin's slide isn't what bears think 52 minutes ago Live markets: Saylor speaks as bitcoin plunges to $62,000 1 hour ago Moomoo expands into prediction markets through Kalshi partnership 1 hour ago Russia sanctions British teenager for alleging A7A5 use in funding Ukraine war 1 hour ago Standard Chartered's three 'Ifs' that stand between bitcoin and a market low 1 hour ago Top Stories Bitcoin tanks below $63,000 for the first time since February as price selloff deepens 11 hours ago Cardano slumps under 20 cents as Hoskinson says he is 'taking a break' after warning of ecosystem failures 5 hours ago Apyx's STRC collateralized stablecoin suffers a brief depeg. Protocol says its a feature, not bug 6 hours ago BTC, ETH, SOL and XRP ETFs bleed $4.4 billion over 13 sessions, only HYPE in green 7 hours ago Bitmine's Ethereum bet nears $9 billion loss as ether falls below $1,800 16 hours ago New DeFi entrant widens field of crypto political campaign funds as elections loom 18 hours ago