XRP has fallen to around $1.16 after losing more than 3% in a day, while an analyst argues that a retreat toward the $1.
XRP has spent the better part of four months carving out a trading range with a series of contested highs and lows that kept both bulls and bears engaged. That appearance of stability is now under serious threat, as the cryptocurrency has returned to the exact support level that anchored its range lows throughout the consolidation.
The XRP price slid on Wednesday to its lowest level in four months, hitting $1.14. The drop has contributed to a broader soft patch across crypto, and both chart analysis and on-chain indicators are now pointing to a more bearish environment for the altcoin.
Ripple's global payments narrative may be gaining fresh momentum as one of its key partners, Thunes, unveils a new development that could further strengthen cross-border settlement infrastructure. As the demand for faster, cheaper, and more efficient international payments continues to rise, strategic partnerships like Thunes play a crucial role in expanding real-world utility across the XRP ecosystem.
XRP entered June trading sideways by crypto standards, but a new narrative is taking hold: large holders may be quietly accumulating supply off-exchange. If true, sustained 'OTC accumulation' could reshape near-term liquidity dynamics even as headline prices show little momentum.
Similar to the other altcoins, XRP price has also been experiencing a major sell-off as the price slides to $1.16 with a drop of over 4.64% in the past 24 hours. With this, it is sending conflicting signals to the market.
Barstool Sports founder Dave Portnoy, known for his eccentric takes on the crypto market, has once again confirmed his unofficial status as the person with the worst timing in the industry after admitting to multimillion-dollar losses on his key positions.
XRP and SWIFT are often presented as rivals in the race to modernize global payments, but a recent argument suggests otherwise. Rather than a winner-takes-all battle, the latest developments point toward a financial environment where traditional banking infrastructure and blockchain-based settlement systems operate side by side.
Bitcoin Outflows: Bitcoin ETFs logged a thirteenth straight day of redemptions, losing $396.60 million on Wednesday and $4.4 billion overall as Bitcoin fell sharply during the same period.
XRP (CRYPTO: XRP) is down almost 5% on Thursday, entering a month that has delivered losses between 17% and 39% in every prior midterm election year. June Has Never Been Kind To XRP In Midterm Years Crypto analyst EGRAG laid out the historical pattern on X.
Is XRP entering its deepest RSI reset on record as $60M in open interest wipes out leverage from the market?
XRP fell another 7% after losing key support levels, with traders weighing growing institutional demand against one of the token's weakest technical setups in months.