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XRP slid through $1.20 support on Friday and traded near $1.11 by mid-session, a roughly 5% intraday drop that marked the token's worst single-day showing in about three months. The breakdown overwhelmed a level that had held since February, per CoinDesk, leaving Standard Chartered's $8 by-2026 target looking academic until bulls can defend something nearer the next major shelf.
XRP entered Friday already wounded. The wider crypto tape had stress-tested risk appetite for weeks, with US-traded spot Bitcoin ETFs bleeding through 17 of the last 19 sessions for a combined $5.6 billion in net outflows, Bloomberg ETF analyst James Seyffart reported. Bitcoin shed about 22% over the month, dropping from $82,040 in May to roughly $64,000, and altcoin beta did what altcoin beta always does. It followed, only harder. Ethereum dropped 17% on the week, per CryptoPotato's Friday analysis, and XRP's 5% intraday print extended a multi-week erosion that has now wiped the asset back to levels last seen in late 2024.
Latest News
- CryptoPotatoimportantXRP Faces Key Test: $1.40 Breakout or $0.80 Retest
XRP's $1.40 breakout could signal a more convincing recovery.
- NewsBTCimportantCardano Isn’t Fading Away, DEX Aggregator Says As DeFi Metrics Rise
Cardano's decentralized exchange layer continues to see heavy trading activity despite ADA's price weakness.
- BitCoinistimportantRipple (XRP) Has Found Its Way Into Wall Street’s Inner Sanctum, Here’s How
Ripple Prime has partnered with Depository Trust Clearing Corporation (DTCC) to provide tokenization services.
- CryptoPotatoimportantXRP Is Approaching Its Best Buying Zone in 8 Years: Analyst Maps Out Ripple’s Path to $3
XRP is approaching its best buying zone in 8 years if the 8-year resistance falls.
- BitCoinistimportantRecord XRP Trading Interest Emerges In Futures Market Following Price Slump
- Crypto.NewsimportantCan the XRPL upgrade stop XRP price from falling below $1?
XRP price may defend $1 level ahead of XRPL upgrade.
- Crypto.NewsRipple’s David Schwartz explains his XRPL role in verse
Ripple's David Schwartz explains his XRPL role in verse, covering payments, custody, tokenization, DeFi and a 15-year career on X.
- NewsBTCEthereum DeFi Protocol That Just Raised $175 Million From a16z And Paradigm Has A Bold Message For Wall Street
Ethereum DeFi protocol Morpho raises $175 million from a16z and Paradigm to bring Wall Street's traditional institutions into decentralized lending.
Recent Analysis
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Santiment Flags BTC, ETH, XRP Buy Signals as MVRV Drops Into Accumulation Zone
Santiment says BTC, ETH and XRP flashed buy signals after the sell-off, with Cardano's MVRV reading the deepest negative of the majors on June 9.
Bitcoin Slides To $63K As Iran-Israel Strikes Rattle Markets, Strategy Buys 1,550 BTC Into The Dip
Bitcoin fell to $63,468 after Iran closed airspace around Tehran's main airport, while Strategy bought 1,550 BTC and Ethereum reclaimed $1,650 in a fragile…
Bitcoin Holds $62,746 as US Sanctions Iran's Nobitex, Ethereum RSI Hits Record Low
BTC at $62,746 with 10.46M coins underwater as US sanctions Iran's Nobitex exchange. ETH monthly RSI hits historic 40, XRPL stablecoin supply jumps to $762M.
XRP Breaks Below $1.10 to 2024 Lows as Schwartz Unveils XRPL Roadmap
XRP slipped under $1.10 on Friday, its lowest since 2024, as David Schwartz pitched a new XRPL roadmap. Technicals point to a possible 23% downside extension.
Crypto's Demand Engine Stalled This Week as Bitcoin Lost $60K and ETF Buyers Walked Away
Bitcoin fell below $60,000, Ethereum cracked $1,700, and $40B exited the realized cap. The week ETF demand reversed and capital rotated into AI equities.
Bitcoin tests $62,000 as ETF demand engine reverses, $40B exits realized cap
BTC clings to $62,000 after a 20% weekly drop wipes April-May recovery. XRP eyes $1, SOL leads sentiment, Strategy and Bitmine carry $23B in unrealized losses.
About XRP
XRP (XRP) is a payments cryptocurrency.
An evergreen profile covering its purpose, key milestones, use cases, and risks will appear here.
FAQ
- What is XRP?
- XRP (XRP) is a payments-focused cryptocurrency, designed for fast and low-cost value transfer. See our methodology page for how we track and analyze it.
- Can you send payments with XRP?
- XRP (XRP) is built primarily for transferring value between addresses with predictable fees and confirmation times. Real-world acceptance varies by region, and on-/off-ramps remain the practical bottleneck for most users.
- Why is XRP considered a major crypto?
- XRP (XRP) is in the top tier of tracked assets at Cryptomat. Tier 1 covers blue chips with deep liquidity across major exchanges, sustained news flow, and (for most) ETF eligibility or active institutional coverage.
- Where can I see the live XRP price?
- The live XRP price is at the top of this page, streamed in real time from Binance spot markets.
- Where can I read the latest XRP analysis?
- This hub aggregates Cryptomat's XRP coverage in one place: classified breaking news, deep-dives with bull/base/bear scenarios, on-chain signals, and the CryptoBeast sentiment score.