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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Amid escalating concerns over geopolitical uncertainty in the Middle East, XRP price fell to $1.23, breaking below the key technical support level of $1.25. The asset posted a 5.01% decline over 24 hours, extending its losing streak to three consecutive days. This decline reflects a broader risk-off sentiment as investors reduce exposure to volatile assets in response to global instability.
This downward movement coincides with similar pressure across major cryptocurrencies, with Bitcoin (BTC) declining by nearly 4% during the same period per market data. Compared to the previous quarter, the crypto market has shown increased sensitivity to geopolitical catalysts, leading to widespread liquidations. Analysts at CoinDesk suggest that breaking psychological support levels could trigger further price corrections in the near term.
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Sign InAt the close of June 2, 2026, XRP was trading at $1.23, with traders now monitoring secondary support levels near $1.15. Looking ahead, the market is focused on the upcoming U.S. Core PCE Price Index data on May 28, which serves as a major catalyst for dollar strength and overall risk appetite in the digital asset sector.
Update: Recent data reveals a divergence in the asset's performance, as XRP attracts fresh institutional inflows through ETFs despite the broader selloff. However, the market faces structural challenges as XRP liquidity levels have hit their lowest point since 2020, potentially exacerbating price volatility.
Update: On the fundamental side, Ripple released 1 billion XRP tokens from escrow at the start of June as part of its scheduled monthly supply expansion. Conversely, institutional demand remained robust, with U.S. spot XRP ETFs recording record net inflows of $118.29 million throughout May 2026.
Update: Despite the price pressure, institutional flow data reveals a significant divergence; XRP ETFs recorded $20.3 million in inflows, while Bitcoin and Ethereum ETFs saw combined outflows of $1.5 billion. This occurred as the total cryptocurrency market capitalization fell by 3.77% to $2.34 trillion, suggesting selective institutional interest in XRP amidst the broader market correction.
Update: Selling pressure intensified as the crypto market recorded $1.6 billion in liquidations, primarily affecting Bitcoin and Ether. This follows a seven-day losing streak for altcoins, further fueling the bearish sentiment across digital assets, including XRP.