XRP traded near $1.18 on June 4 after falling more than 5% in 24 hours. The token fell to a new four-month low with a sharp sell-off in the broader cryptocurrency market.
summary
- XRP fell near $1.18 after losing key support and hitting a new four-month low.
- Whales sold or redistributed 60 million XRP, adding to the pressure as market sentiment weakened further.
- Analysts are now watching $1.14, $1.10, and $0.84 as the next major support areas.
This decline came after XRP failed to maintain the $1.20 area. Its 24-hour range is between $1.14 and $1.24, while trading volume remains high near $2.9 billion.
XRP loses key support as market sell-off expands
XRP It had challenged the $1.55 resistance area three weeks ago. This attempt failed, and the token has since fallen with a series of weaker candles.
The recent decline has pushed XRP closer to levels last seen during the early February crash. At the time, the token fell near $1.11 before buyers returned.
Bitcoin and Ethereum It also weakened during the same market movement. Bitcoin fell toward $61,000, while Ethereum traded near its lowest level since April 2025.
This broad sell-off has depressed demand across major altcoins. XRP followed the same trend, as sellers squeezed the token below its recent range.
Whale activity increases pressure on XRP
Analyst Ali Martinez said whales sold or redistributed 60 million XRP over the past week. Large transfers from whale portfolios can increase pressure when the market is already trading in a weak trend.
Selling whales doesn’t always mean a permanent decline. It can also reflect portfolio rotation, profit taking, or transfers between portfolios. However, timing is important because XRP is already trading near a major support area.
As crypto.news previously I mentionedWhale withdrawals of XRP from Binance fell to around 978 million XRP over 30 days. This represents the lowest reading since 2021.
Lower whale withdrawals could show weak demand from large holders. When whales remove fewer tokens from exchanges, traders often read it as a softer accumulation signal.
ETF outflows weaken the last bright spot
XRP ETFs were one of the strongest parts of the market in May. Ditto I mentionedXRP ETFs attracted $131.94 million in net inflows during the month, beating Bitcoin and Ethereum funds.
This order did not prevent the spot price of XRP from falling. The currency remained weak even as regulated products attracted new capital during May.
The flow picture changed on June 3. SoSoValue data Show US XRP ETFs recorded net outflows of $5.34 million for the day.
Bitwise’s XRP ETF saw its largest single-day outflow of about $4.06 million. Grayscale’s XRP Trust ETF followed with outflows of about $699,400.
The technical setup indicates $1.10 and $0.84
ChartNerd said that XRP printed a two-week 20/50 EMA death cross. The analyst added that a close below $1.32 would represent the lowest weekly candle close in 2026.
ChartNerd wrote: “Above the EMA = uptrend. Below the EMA = downtrend.” The commentary refers to the same simple reading shown on the chart.
The analyst also said that XRP is losing the upper regression range near $1.35. Previous breakouts below this level have often resulted in a move towards the middle regression range near $0.84, he said.
This makes $0.84 an important deeper support level if sellers maintain control. Before then, traders may watch $1.14, $1.10, and $1.00 for any reaction.
XRP remains historically resilient but weak in the short term
Crypto Patel noted that the XRP Ledger was launched on June 2, 2012, making it 14 years old. He said that XRP remains one of the oldest major cryptocurrency assets still in circulation.
He also noted that XRP has no mining and no public initial coin offering (ICO). All 100 billion tokens have been generated at launch, and early distribution comes through gifts, partner deals, and private sales.
This date does not remove the current pressure on the chart. The price of XRP is down more than 16% over 30 days and remains well below its all-time high in July 2025 of $3.65.
The asset’s next move depends on whether buyers defend the $1.14 to $1.10 area. A bounce above $1.24 would ease immediate pressure, while a close below $1.10 could open the way to deeper support.
At the moment, XRP remains technically weak. Demand for ETFs has slowed, whales have increased selling pressure, and the chart still favors sellers below $1.32 and $1.35.
Disclosure: This article does not constitute investment advice. The content and materials contained on this page are for educational purposes only.
