XRP falls toward $1.10 as liquidation-driven selloff pushes token to multi-month lows

XRP lost another 5% after a high-volume breakdown overwhelmed support near $1.20, leaving traders focused on whether the latest washout marks capitulation or the start of a deeper slide.

What to know:

• XRP slid to its weakest levels in months amid liquidation-style selling, briefly breaking below $1.10 before dip buyers emerged near $1.09.
• Despite roughly $4 million in fresh XRP ETF inflows and cumulative inflows near $1.5 billion, sentiment has soured as the token fell behind USDC in market value and the broader crypto Fear & Greed Index dropped into extreme fear.
• Analysts see $1.09 to $1.10 as critical support and $1.12 to $1.13 as the first key recovery zone, with the broader trend still bearish until former support levels are convincingly reclaimed on stronger rebound volume.

XRP is no longer fighting over $1.20. It's fighting over whether $1.10 holds. The latest selloff came with the kind of volume usually associated with forced liquidations rather than orderly selling, pushing the token to its weakest levels in months before dip buyers finally showed up near $1.09.

News Background

• XRP ETFs recorded roughly $4 million in inflows after seeing their first daily outflow in three weeks, bringing cumulative inflows to around $1.5 billion.

• Market sentiment deteriorated sharply across crypto, with the Fear & Greed Index falling into extreme fear territory as traders reacted to broader macro uncertainty.

• XRP also slipped behind USDC in market capitalization rankings after the selloff pushed its value below $75 billion.

Price Action Summary

• XRP fell from $1.17 to $1.11 during the 24-hour session, touching lows near $1.09 before recovering slightly.

• The biggest move came during the June 5 06:00 UTC session, when volume surged to 268.2 million XRP and accelerated the breakdown.

• A failed rally toward $1.133 later reversed sharply, sending price to fresh lows before buyers stepped in near $1.10.

Technical Analysis

• The key takeaway is that support levels keep becoming resistance. What was a buying zone around $1.20-$1.25 just days ago is now where sellers are reappearing.

• The move below $1.10 briefly pushed XRP into one of the most oversold conditions seen in years, with weekly RSI readings reaching levels that historically appeared near major cycle lows.

• Even so, oversold does not automatically mean bullish. Markets can stay oversold for longer than traders expect, especially during liquidation-driven declines.

• The bounce from $1.09 showed signs of seller exhaustion, but recovery volume remained weaker than the selling that preceded it.

What traders should watch

• $1.09-$1.10 is now the most important support zone on the chart. Losing it would shift focus toward the $0.92 area highlighted by several analysts.

• $1.12-$1.13 becomes the first recovery zone XRP needs to reclaim before any stabilization narrative gains credibility.

• The broader trend remains bearish until XRP starts reclaiming former support levels rather than simply bouncing from oversold conditions.

• Traders looking for evidence of a durable bottom will likely want to see stronger volume on rebounds than on selloffs, something the market has not yet delivered.

More For You

Bitcoin is now facing another headwind — the prospect of higher interest rates.

What to know:

• The U.S. economy added 172,000 jobs in May, more than double economist forecasts of 85,000.
• The unemployment rate came in at 4.3%, in line with expectations.
• Bitcoin remained lower for the session at $61,900 following the report.

CoinDesk 20 performance update: Bitcoin (BTC) price drops 2.8% as index declines

1 hour ago

U.S. job growth blows past forecasts, setting stage for Fed rate hikes

2 hours ago

Bearish zcash bets hit record high as privacy token's price crashes

2 hours ago

Live updates: bitcoin tumbles to $60,000 as blowout jobs data, Zcash bug keeps pressure on crypto

2 hours ago

Arthur Hayes dumps zcash holdings after Orchard Pool vulnerability revealed

3 hours ago

Bitcoin sentiment hit peak bearishness at recent lows, peak bullishness near tops

3 hours ago

Zcash plummets 38% as Shielded Labs reveals a major bug that went undetected for four years

9 hours ago

JPMorgan, Bank of America, Citi to start blockchain offensive with shared tokenized network

5 hours ago

Crypto's worst week since July 2024 deepens as bitcoin, ether near critical price levels

4 hours ago

Here's what could happen if bitcoin breaks below $60,000

7 hours ago

Crypto Clarity Act in spotlight for bad-actor provisions as Senate process grinds forward

19 hours ago

Not all Ethereum layer 2s are dying, but many general-purpose chains no longer have a reason to exist

Jun 4, 2026