The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Amid a broader market downturn led by Bitcoin, XRP has faced intensified selling pressure that forced it below critical technical thresholds. According to reports, the token's price fell 4% to trade under the $1.30 mark, marking its lowest level in 15 weeks. This decline follows the failure of exchange outflows to counteract persistent selling momentum after the asset lost a key support zone.
The current weakness reflects a broader trend across the digital asset sector as altcoins struggle with diminishing momentum. Per market data, sentiment remains tethered to US macroeconomic signals; the Core PCE Price Index rose 0.2% on May 28, 2026, which has kept investors cautious regarding the Federal Reserve's next moves and the subsequent impact on crypto market liquidity.
Technically, traders are now watching whether XRP can reclaim the $1.30 level to prevent further downside acceleration. Looking at the economic calendar, market participants are monitoring Japan's Consumer Confidence data (as of May 29, 2026) and upcoming Fed commentary, which will be pivotal in determining dollar strength and its influence on digital asset valuations.
Sign in to access this content
Sign InUpdate: Selling pressure has intensified following a $1.67 billion capital exodus from the crypto market—the second-largest outflow of 2026—triggered by escalating geopolitical risks in the Middle East. Despite the broader retreat, XRP-based investment products remained resilient with positive inflows, signaling a divergence in institutional sentiment even as retail investors in the U.S. and Germany realized significant losses.
Update: XRP extended its decline to test critical support levels near $1.14 on June 3, 2026. This price action reinforces the prevailing bearish market structure, as a series of lower highs and persistent selling pressure maintain downward momentum.
Update: The downward momentum accelerated as XRP hit a price level of $1.22, triggered by a cascade of liquidations totaling $18 million. These figures underscore the scale of immediate selling pressure in the derivatives market, further deepening the asset's recent losses.
Update: The market flush intensified with total crypto liquidations hitting $1.8 billion within a 24-hour window, of which $1.6 billion were long positions. This scale of volatility prompted a reaction from an XRP network validator regarding the significant losses sustained by bullish traders during the sharp sell-off.