XRP is sliding again. On Wednesday the token traded between $1.21 and $1.24, down 2% on the day and 7% on the week. That puts it at the lowest level since February, breaking through what traders had considered a key support zone. The recent high was $1.55 in mid-May — since then it's been mostly downhill.
Broader market drag
The whole crypto market is feeling the heat. Total market cap has dropped from over $4 trillion to $2.4 trillion in a matter of weeks. XRP is down more than 66% from its all-time high last year. That's a brutal drawdown, but not entirely surprising given the macro mood.
Spot XRP ETFs, however, have been a bright spot. They haven't recorded a single negative day since April. On June 1 they pulled in $4.13 million, and for May the total inflow hit $131 million. So institutional demand is there — it's just not enough to outweigh the selling pressure right now.
Ripple's fundamentals still solid
Ripple itself has been stacking wins. The company now holds licenses in the UK, Australia, and the EU, and its valuation sits at $50 billion. Its RLUSD stablecoin has grown to $1.8 billion in assets under management, with $22 billion in 30-day volume. Those are real numbers that show the network is being used.
But price doesn't always follow fundamentals, at least not in the short term. XRP's key support level is $1.20. If the daily close falls below that, the next stop could be $1.00–$1.05. That's a scenario nobody wants.
Three paths forward
What happens next depends on time and price. One scenario: XRP reclaims $1.40–$1.45 within two weeks. That would set up a bullish recovery. Another: the token trades sideways between $1.20 and $1.35 while the market finds its footing. The bear case is simple: if $1.20 breaks, expect sub-$1.10 in short order.
AI-driven price models are looking at a 12-month horizon and seeing upside. But that's a long time in crypto, and the immediate pain is real.
Meanwhile, a separate project called LiquidChain — a Layer 3 cross-chain liquidity protocol — is in presale at $0.01466 per $LIQUID token, having raised $820,000 so far. It's not directly tied to XRP, but it shows capital is still flowing into early-stage crypto plays.
The next few days will be telling. If XRP can hold $1.20 and bounce, the narrative shifts. If it doesn't, the $1.00 floor comes into view.
