Ripple’s XRP is getting hit hard. It fell 8% in today to $1.14. The drop comes as the whole crypto market turns fearful. Fighting between the US and Iran is getting worse, and big investors keep selling through crypto ETFs. 

Total crypto market value fell 6.6% to $2.17 trillion. The Bitcoin price dropped 7.3% in the same stretch. XRP moved right along with everyone else as people pulled back from risky assets.

The sell-off got worse when leveraged bets blew up. Over $25 million worth of XRP positions got liquidated in 24 hours. Of those, 96% were long traders, people betting the price would go up. 

When those positions were forced to close, the selling pushed the XRP price even lower. With key support levels ($1.30) breaking, traders are now watching to see if the market can settle down or if another drop is still coming.

XRP Price Breakdown Targets $0.92 as Key Support Comes Into View

Crypto analyst CasiTrades believes the market is finally delivering the corrective move that many traders have been waiting for over the past four months. Looking at the chart, XRP has broken below an important support zone near $1.10, confirming growing downside pressure across the market.

The analysis points to what appears to be a Wave 3 decline within an Elliott Wave structure. In this setup, Wave 3 is usually the strongest and fastest part of the move. 

The chart shows a 1.618 Fibonacci extension near $0.92. That lines up closely with the major support area around $0.87, a zone traders have been watching since February.

The projected path looks like this. The XRP price falls toward $0.92, then bounces back up to $1.20. That level could act as resistance. After that, a final drop to $0.87. The chart also shows several Fibonacci retracement zones stacked between $0.87 and $0.92. That makes the case stronger for that area becoming a possible bottom.

There is still a bullish option. If buyers step in hard near the projected low and XRP takes back key resistance levels, the final move down to $0.87 may never happen. For that to become believable, the XRP price would need to break back above $1.30 with strong volume and steady buying pressure.

XRP Price Faces ETF Outflows and Whale Selling Pressure

The fundamentals have made the bearish picture worse. XRP hit a four-month low on June 4 after dropping more than 25% from its recent high. Analysts pointed to a failed breakout near $1.55. 

They also noted that whale wallets sold or moved around 60 million XRP in the past week. When large holders move coins like that, it often changes market mood. Extra supply hitting the market can also push prices down.

Institutional money has also slowed. US spot XRP ETFs posted their first net outflows in over a month, losing more than $5 million on June 3. That came during a longer stretch of withdrawals from crypto investment products. It shows that big investors have cooled on XRP during this market downturn.

Despite the price weakness, network activity continues to improve. Daily transactions on the XRP Ledger have climbed to nearly 3 million, up from roughly 1 million in mid-2025. Reports attribute the increase to real financial activity involving institutions such as Bitstamp and Braza Bank. That growth points to expanding utility across the network even as market sentiment remains weak.

Related XRP News: Crypto Price Prediction for Today, June 4: Worldcoin (WLD), XRP, and Dogecoin (DOGE)

XRP Price Nears Its Most Important Support Test of 2026

Ripple’s XRP is entering one of its most important phases of 2026. Technical tools point to support between $0.92 and $0.87. Recent selling by large holders and money leaving ETFs have added to the risks on the downside. 

Also, transaction growth on the XRP Ledger shows that network use is still expanding under the surface.

The next few weeks will likely decide if this drop is the final part of a bigger reset or the start of a deeper fall. For now, traders will watch the $0.92 support zone closely. A recovery back above $1.30 would be needed to bring back confidence and weaken the bearish outlook.

Frequently Asked Questions

Will XRP hit $200

No, XRP hitting $200 is highly unlikely. It would require a multi-trillion-dollar market cap, exceeding the entire current crypto market. Such growth demands unprecedented, unrealistic global banking adoption.

Should I buy Solana or XRP

Buy Solana for high-speed decentralized apps, NFTs, and strong ecosystem growth. Choose XRP if you favor institutional payment networks and cross-border banking solutions. Both carry high risk, so diversify your portfolio.