XRP Breaks $1.30 Support, Sinks 3.4% to 15-Week Low as Bitcoin Weakness Spreads
Updated
Updated · CoinDesk · Jun 2
XRP Breaks $1.30 Support, Sinks 3.4% to 15-Week Low as Bitcoin Weakness Spreads
8 articles · Updated · CoinDesk · Jun 2
XRP slid to $1.2668 after breaking below the closely watched $1.30 floor on heavy trading, extending its decline to a 15-week low.
A 96.26 million-volume burst during the June 1 13:00 UTC session drove the breakdown, and a rebound attempt toward $1.2791 quickly failed as sellers regained control.
More than 25 million XRP have moved off exchanges in recent days, a pattern that can signal accumulation, but those outflows have not translated into sustained price strength.
Traders are now focused on support at $1.2650-$1.2670 and resistance at $1.2730-$1.2750; if support gives way, the next major downside target is around $1.20.
With institutions buying billions in XRP, why is its price still collapsing?
Could a proposed US law make XRP a cornerstone of the future financial system?
Is the massive investor shift from crypto to AI a temporary trend or a permanent change?