XRP falls 4% below $1.30 as bitcoin-led market weakness pulls down majors

$XRP finally lost the $1.30 area traders had been defending for weeks, and the breakdown came on the heaviest volume of the session. Tokens continue leaving exchanges, which normally points to accumulation, but the market is still treating rallies as selling opportunities, leaving price stuck in a clear downtrend.

News Background

• More than 25 million $XRP moved off exchanges in recent days after the largest single-day inflow of 2025, suggesting some investors are accumulating into weakness.

• Despite those outflows, $XRP continues to track broader crypto sentiment closely, showing little evidence of asset-specific demand driving price higher.

• Analysts remain focused on whether the recent selloff is a temporary washout or the start of a deeper move toward support levels last tested earlier this year.

Price Action Summary

• $XRP fell from $1.3109 to $1.2668 during the 24-hour session, posting a 3.4% decline.
• The key breakdown came during the June 1 13:00 UTC session, when volume surged to 96.26 million and pushed price below support at $1.2960.
• $XRP later attempted a recovery toward $1.2791, but sellers quickly regained control and forced price back toward session lows.

Technical Analysis

• The break below $1.30 matters because it removes one of the most closely watched support levels on the chart.
• Exchange outflows remain constructive beneath the surface, but they are not yet translating into stronger price action.
• Failed recovery attempts near $1.2730-$1.2750 suggest sellers remain active on even modest rallies.
• The broader structure continues to show lower highs and lower lows, keeping momentum firmly tilted to the downside.

What traders should watch

• $1.2650-$1.2670 is now the immediate support zone after the latest selloff.
• $1.2730-$1.2750 becomes the first resistance area $XRP needs to reclaim before downside pressure can ease.
• A recovery above $1.30 would improve sentiment materially, but until then traders are likely to focus on whether support near $1.26 can hold.
• If current support breaks, attention shifts toward the $1.20 area as the next major downside target.