XRP falls 4% below $1.30 as bitcoin-led market weakness pulls down majors

coindesk
coindesk|2026年06月02日 06:42
XRP hit fresh 15-week lows after losing a key support zone, with exchange outflows failing to offset persistent selling pressure. What to know : XRP broke below the closely watched $1.30 support on heavy volume, extending a downtrend marked by lower highs and lower lows. More than 25 million XRP have moved off exchanges, hinting at accumulation, but rallies are still being sold and have not produced sustained price strength. Traders are watching support around $1.26 and resistance near $1.27 to $1.30, with a break below current levels potentially opening a move toward $1.20.
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