XRP (XRP) slid to roughly $1.11 on Thursday, a fresh 15-week low, after losing the $1.20 support floor that had held buyers for weeks.
Key Points:
- XRP dropped near $1.11 on Thursday, its weakest level in 15 weeks.
- The fall broke the $1.20 support shelf that had anchored the token for weeks.
- Spot XRP funds still drew about $4 million even as the price slid.
Breaking $1.20 Floor
The token fell to roughly $1.11 on Thursday, shedding close to 6.85% over 24 hours, according to figures reported by market trackers tracking the move. A broad selloff led by Bitcoin (BTC) pulled the wider market lower and tore through the demand shelf that buyers had defended for weeks. Trading volume surged past 268 million tokens during a single Jun. 5 session, accelerating a slide that had already pushed price under every major moving average.
That $1.20 band, which acted as a floor through the spring, has now flipped into overhead resistance. The price briefly dipped beneath $1.10 before buyers stepped in near $1.09, erasing the modest gains built since early February.
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XRP Slips Behind USDC
XRP now trades below its 20, 50, 100, and 200-day moving averages, a clean bearish stack that confirms sellers still hold the upper hand. The token also slipped behind USDC (USDC) in total market value, dropping to the number six spot as its market cap fell under $75 billion. The 14-day RSI sank near 29, the kind of oversold reading that can mark exhaustion yet often persists while a falling market keeps grinding lower.
On-chain data reads calmer than the price, since more than 25 million tokens left exchanges in recent days, a pattern that usually signals quiet accumulation. A scheduled Ripple escrow release on Jun. 1 added fresh supply, though similar monthly unlocks have been absorbed before without lasting damage.
XRP Draws Steady Inflows
Institutional demand has held firm even as the price bled, with spot XRP funds drawing about $4 million on Thursday after their first daily outflow in three weeks. Cumulative inflows now sit near $1.5 billion, building on a record May haul of roughly $131 million. Ledger activity has stayed brisk through the decline, widening the gap between weak charts and steady network usage.
Analysts flag the $0.80 zone as the next meaningful support should the current level give way on a daily close. A clean reclaim of $1.20, and then the $1.32 to $1.37 band, would be needed to argue the breakdown has reversed rather than merely paused.
Broader sentiment has soured at the same time, with the crypto Fear and Greed Index crumbling into extreme fear as traders brace for further macro turbulence. The CLARITY Act, a regulatory bill now parked on the Senate calendar, remains a possible catalyst that bulls are still watching.
XRP opened 2026 above $2.34 in January before a long spring downtrend stripped most of those gains away by May.
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