XRP price is bleeding. The token is changing hands at $1.21–$1.24 as it losses 2% today, and the weekly chart looks worse, down 7%.
The selloff accelerated since earlier this week, extending a downtrend that began mid-May when XRP peaked at $1.55. Since that local top, the token has sliced through a critical support zone and hit its lowest price since February.
All the above put the cumulative drawdown at over 66% from its all-time high last year. However, the drop is broad-based: total crypto market cap has collapsed from above $4 trillion to just $2.4 trillion as most altcoins are down double digits alongside XRP.
But it just seems unusual for XRP. Spot XRP ETFs pulled in over $131 million in May alone, their strongest monthly performance this year, while Ripple’s RLUSD stablecoin now carries over $1.8 billion in AUM and $22 billion in 30-day volume. Strong fundamentals, weak price.
Discover: The Best Crypto to Diversify Your Portfolio
XRP price broke support and has not reclaimed it. The key level to watch is the $1.20 zone, which served as consolidation support through much of Q1. A confirmed daily close below that figure would open a path toward $1.00–$1.05, a range last tested in late 2024.
On the upside, the former support around $1.40–$1.45 now acts as resistance; reclaiming that level would be the minimum requirement for any credible bull case.
Three scenarios frame the near-term path. If ETF inflows accelerate, sentiment flips, and XRP reclaims $1.40 within two weeks, XRP price might finally recover. Or it grinds sideways between $1.20 and $1.35 as the market stabilizes.
Now the ugly scenario. If the $1.20 floor cracks and momentum sellers pile in, the token might retest sub-$1.10 levels. The momentum indicators currently favor the bear range.
Ripple’s regulatory wins, licenses secured in the UK, Australia, and the EU, plus a $50 billion company valuation, provide a long-term floor under sentiment. AI-driven price models remain bullish on a 12-month horizon, but near-term technicals suggest caution.
Discover: The Best Token Presales
When a major-cap asset like XRP sheds 12% in a week despite institutional ETF demand, the message is clear: size does not guarantee safety in this cycle. Rotating into earlier-stage infrastructure plays before institutional price discovery begins is a strategy worth examining.
LiquidChain ($LIQUID) is a Layer 3 infrastructure project positioning itself as the cross-chain liquidity layer for the next cycle. Its core proposition is straightforward: fuse Bitcoin, Ethereum, and Solana liquidity into a single execution environment, so developers deploy once and access all three ecosystems simultaneously.
LiquidChain is cooking.
— LiquidChain (@getliquidchain) June 3, 2026
The Order doesn't sleep. ⟁pic.twitter.com/CXY4ya0MC5
The architecture includes a Unified Liquidity Layer, Single-Step Execution, Verifiable Settlement, and a Deploy-Once Architecture designed to eliminate the fragmentation that currently makes cross-chain development painful and expensive.
The presale is live at $0.01466 per $LIQUID, with $820K to date.
For those researching the space, the full LiquidChain presale details are here.
The post XRP Price Loses Key Support: The Drawdown May Not Be Over Yet appeared first on Cryptonews.
