New York, June 5, 2026 – XRP, the digital token associated with Ripple, fell sharply on Friday, approaching the $1.13 level and hitting its lowest point in four months. The decline erased the $1.20 to $1.60 trading band that had held for most of the past four months, as sellers overpowered signs of fresh institutional inflows.
According to data from CoinDesk, XRP dropped from $1.2360 to $1.1497 within 24 hours on Thursday, briefly touching near $1.14 before a slight recovery. CoinGecko quoted XRP at approximately $1.13, down 3.6% in the last day and 13.8% for the week. The token's market capitalization now stands at roughly $70 billion.
The move lower came amid broader weakness in the cryptocurrency market. Bitcoin slipped near $62,000 during Asian trading hours, while Ether declined 4.8% and Solana lost 5.4%. The selling pressure was compounded by a downturn in AI-related stocks, which weighed on sentiment across digital assets. CoinDesk reported that U.S. spot bitcoin ETFs have experienced 13 consecutive days of net outflows, with approximately $4.4 billion withdrawn since mid-May.
Despite the negative price action, there were some bullish signals. XRP-focused investment products saw inflows of $20.3 million for the week, even as overall digital-asset funds recorded net outflows of $1.5 billion. Additionally, more than 25 million XRP tokens have left exchanges in recent days, a move often interpreted as holders moving coins to cold storage, a potential sign of accumulation. However, the price has not responded to these indicators.
Technical analysis presents a mixed picture. TradingView, citing NewsBTC, noted that analyst Celal Kucuker highlighted XRP's monthly Relative Strength Index (RSI) at 42.7. The RSI, which measures momentum, indicates selling pressure but does not necessarily signal a market bottom. Kucuker pointed to historical parallels: similar RSI lows in November 2015, March 2020, and August 2022 each preceded significant rallies. He posed the question, "Is 2026 next?" The report also noted that XRP remains above the lower boundary of a long-term ascending channel, a pattern that traders view as a steady upward corridor.
On the bearish side, The Motley Fool published an analysis arguing that stablecoins have emerged as strong competitors to XRP in the cross-border payments sector, a key use case for the token. The analysis also highlighted XRP's large circulating supply of approximately 62 billion tokens, which it said could cap price appreciation. A return to $4 would push XRP's market cap to around $250 billion, surpassing Ethereum's value of about $240 billion, suggesting that significant upside would require investors to value XRP above its larger rival.
Key support levels are now in focus. CoinDesk warned that if XRP fails to hold the $1.14-$1.15 area, the next downside targets could be $1.11 and potentially below $1.00. On the upside, a move above $1.28 would be the first sign of stabilization. Market structure could exacerbate selling pressure. Jean-David Péquignot, chief commercial officer at crypto options exchange Deribit, told CoinDesk that a drop in bitcoin below $60,000 could trigger "rushed selling" and a "cascading wave of automated long liquidations" as losses mount and traders hedge their derivatives positions. Such a scenario would impact the entire cryptocurrency market, not just XRP.
For now, XRP trades in a zone of conflicting signals. Inflows suggest some buyers are stepping in on the dip, but prices continue to slide as sellers maintain momentum. The coming days will be critical in determining whether the token can establish a floor or extend its decline.
