XRP trades near $1.18 after a 5.56% drop as whale selling, ETF outflows and weak technical signals put $1.10 and $0.84 in focus for traders.
XRP has experienced persistent downward pressure in recent trading sessions, declining in tandem with Bitcoin and Ethereum amid widespread cryptocurrency market weakness.
Evernorth says daily activity on the XRP Ledger has climbed to nearly 3 million transactions, up from about 1 million in mid-2025, and the firm is now pointing to banks and other financial companies as the next source of demand. Real Banks Are Moving In According to the XRP-focused treasury company, some of the busiest names on the network over the past year include Bitstamp, Ripple's RLUSD stablecoin, and Braza Bank.
XRP price extended losses and traded below $1.20. The price is now consolidating losses and faces hurdles near $1.1920 and $1.1950.
Leading cryptocurrencies descended further on Wednesday as whale sell-offs and geopolitical uncertainty dampened risk appetite. Cryptocurrency 24-Hour Gains +/- Price (Recorded at 9:25 p.m.
XRP Ledger's tokenized asset value hit .68 billion.
XRP extended its decline, testing support near the $1.14 level, as heavy long liquidations, persistent selling pressure, and a series of lower highs reinforced the cryptocurrency's bearish market structure. XRP Price Slides as Selling Pressure Intensifies At 10:09 p.m. on June 3, XRP was trading at $1.
Grayscale's Head of Research, Zach Pandl, stated on The XRP Pod that spot XRP ETFs could absorb between 5% and 6% of the cryptocurrency's circulating supply.
XRP has outperformed most major cryptocurrencies over the past two years, delivering standout returns despite persistent high volatility.
A major imbalance in XRP margin positions has been recorded on the derivatives market, as a six-month downtrend kept pushing quotes lower from the $3.50 peaks, while June's 8.19% drop since the start of the month triggered a mass closure of long positions.
Ripple partner Thunes rolls out real-time payments in the U.S. powered by Tier 1 bank connectivity, marking a major step in instant cross-border settlement infrastructure.
Levi says a “massive capital rotation” could soon reverse out of record-breaking US stocks and into beaten-down cryptos.