Ripple-linked XRP sinks 7% to four-month lows

MarketsShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailRipple-linked XRP sinks 7% to four-month lowsXRP fell another 7% after losing key support levels, with traders weighing growing institutional demand against one of the token's weakest technical setups in months.By Shaurya Malwa Jun 4, 2026, 1:18 p.m. 2 min readMake preferred on XRP is attracting money, but not buyers. ETF products continue pulling in fresh inflows and exchange balances keep shrinking, yet price has fallen back to levels last seen in February. When a market stops responding to bullish developments, traders tend to focus less on the story and more on where the next support level sits.News Background• XRP marked its 14th anniversary this week, commemorating the 2012 genesis event that created the network's 100 billion token supply.• XRP investment products recorded $20.3 million in weekly inflows even as digital asset funds broadly suffered $1.5 billion in outflows.• More than 25 million XRP left exchanges in recent days, extending a trend that typically signals longer-term accumulation rather than immediate selling pressure.Price Action Summary• XRP dropped from $1.2360 to $1.1497 during the 24-hour session, touching lows near $1.14 before recovering slightly.• Volume surged to 248.2 million XRP during a support test, marking one of the largest trading bursts of the week.• The selloff extended losses that began with the breakdown below $1.25, a level that had acted as support throughout much of the spring consolidation.Technical Analysis• XRP has now erased the entire $1.20-$1.60 trading range that defined the past four months, putting focus on support levels last tested during February's selloff.• The bigger issue is not the decline itself but the repeated failure of recovery attempts. Rallies in January stalled near $2.40, while a second rebound attempt in May failed around $1.54, reinforcing the broader downtrend.• The monthly RSI has slipped below 43, a level reached o…

Ripple-linked XRP sinks 7% to four-month lows

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