XRP (XRP) hovered around the $1.32 level on Sunday UTC as downside pressure persisted, but market watchers say the bigger concern is deteriorating 'market depth'—a setup that can amplify volatility in either direction if large orders hit thin order books. According to CoinMarketCap data at around 5:00 a.m.
Jake Claver has outlined his macro thesis for why XRP could eventually reach $1,000, arguing in a May 31 interview with MissCrypto that the asset may benefit from a rare convergence of global liquidity stress, stablecoin regulation, tokenization and real-time settlement demand. Claver acknowledged that the target appears extreme when viewed through the usual market-cap framework.
XRP finds itself at a pivotal juncture in the market. Currently changing hands around $1.33–$1.34, the digital asset maintains an $82.64 billion market capitalization alongside $1.41 billion in 24-hour trading volume.
XRP extended its recent losses and fell to its lowest level in more than three months, highlighting the ongoing battle between bullish accumulation signals and persistent selling pressure. While significant XRP exchange outflows and growing spot XRP ETF inflows suggest investor confidence, the cryptocurrencys price action continues to favor bears in the short term.
Enterprise blockchain firm Ripple has conducted yet another scheduled escrow release, according to on-chain sleuth Whale Alert.
XRP hit a 15-week low before stabilizing, with traders watching whether the latest washout turns into a base or another leg lower.
XRP price started a downside correction below the $1.3420 zone. The price is now showing bearish signs and might decline further below $1.3150.
Leading cryptocurrencies traded sideways overnight on Sunday after President Donald Trump downplayed the urgency of reaching an agreement with Iran. Cryptocurrency 24-Hour Gains +/- Price (Recorded at 9:20 p.m.
Turkey's crypto market has become the region's largest, with roughly $200 billion in transaction volume over the past year. Ripple executive Reece Merrick described Turkey as a leading crypto adoption market as Istanbul prepares to host a major blockchain event.
XRP exchange inflows drop sharply in May, pointing to reduced selling pressure and calmer market conditions.
XRP treasury use is moving beyond theory as “north star” comments echo Ripple's long-standing view of the digital asset's role. Using XRP for holdings, payments, and liquidity underscores its expanding utility across blockchain networks.
XRP (XRP) traded largely flat around the $1.34 level on May 31, with thinning volumes and a mild month-long pullback reinforcing a market mood of ‘wait-and-see' rather than a decisive trend. While near-term price action has cooled, investor focus is increasingly shifting back to whether XRP's role in next-generation payments infrastructure could drive a longer-term ‘revaluation' narrative.