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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.
Jun 2, 2026, 6:41 a.m. 2 min read
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.
• 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.
