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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Amid selling pressure in the crypto market, XRP dropped 4% and broke the key support level at $1, according to media reports. The decline followed criticism by lawyer Bill Morgan, a known XRP supporter, who said Ripple is releasing escrowed tokens too slowly, fueling bearish sentiment and accelerating sell-offs.
The XRP slide comes amid mixed crypto market moves, with Bitcoin (Bitcoin) rising 1.2% in the same session while Ethereum (Ethereum) held steady, per market data. The $1 level had acted as strong psychological support for XRP since March, with several failed attempts to break below it, but the fading confidence in Ripple's token release strategy could push prices lower in the near term.
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Sign InAs of the close on June 25, 2026, XRP was trading near $1.07, according to CoinMarketCap data. Traders are now focused on any official statements from Ripple regarding the escrow release plan, as well as developments in the SEC lawsuit, which could be a major catalyst for price action in the coming days.