XRP plunges toward $1.09 as liquidation selloff hits…

XRP shed another 5% in a high-volume breakdown that overwhelmed support near $1.20, briefly touching $1.09 before dip buyers emerged. The June 5 06:00 UTC session saw volume spike to 268.2 million XRP, the kind of surge typically associated with forced liquidations rather than orderly distribution. A subsequent rally attempt toward $1.133 failed and reversed sharply, leaving the token in one of its most oversold conditions in years on the weekly RSI.

Why it matters

XRP has now slipped behind USDC in market capitalization, falling below $75 billion after the selloff. The broader crypto Fear & Greed Index dropped into extreme fear territory, reflecting macro uncertainty that is compressing risk appetite across the asset class. Despite roughly $4 million in fresh XRP ETF inflows — bringing cumulative inflows to approximately $1.5 billion — institutional buying has not been enough to arrest the decline. Former support levels are now acting as resistance, a textbook sign that the structure of the market has shifted.

Market impact

Analysts have identified $1.09–$1.10 as the critical support zone. A clean break below that level would shift focus to $0.92, a level flagged by multiple technical analysts as the next meaningful floor. For any stabilization narrative to gain traction, XRP needs to reclaim $1.12–$1.13 on volume that exceeds the selling pressure — something the market has not yet delivered. The broader trend remains bearish until former support levels are convincingly reclaimed.