XRP Price Loses Key Support: The Drawdown May Not Be Over Yet

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. XRP ETFs haven't had a red day since April while everything else bleeds ripple:native spot ETFs pulled in another $4.13 million on June 1, extending a run of inflows that has not seen a single negative day through all of May. @SoSoValueCrypto data shows the last outflow was… pic.twitter.com/XSGpuZghia — BSCN (@BSCNews) June 2, 2026 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 Can XRP Price Recover to $1.50? Realistically 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. Xrp (XRP) 24h 7d 30d 1y All time 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 $50 billion company valuation, provide a long-term floor under sentiment. AI-driven price models remain bullish on a 12-month horizon , but near-term technicals suggest caution. Discover: The Best Token Presales LiquidChain Targets Early Mover Upside as XRP Tests Key Levels When a major-cap asset like XRP sheds 12% in a week despite institutional ETF demand, the message is clear: size does not guarantee safety in this cycle. Rotating into earlier-stage infrastructure plays before institutional price discovery begins is a strategy worth examining. LiquidChain ($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. The Order doesn't sleep. ⟁ pic.twitter.com/CXY4ya0MC5 — LiquidChain (@getliquidchain) June 3, 2026 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 .