XRP slides toward $1.10 as liquidation cascade drags token lower
The breakdown came on volume usually associated with forced selling, not orderly profit-taking — and ETF inflows of roughly $4M could not offset the broader souring in risk appetite.
XRP is the native digital asset of the XRP Ledger, an open-source Layer 1 blockchain built to facilitate fast, low-cost cross-border payments. Operating as a neutral bridge currency between fiat systems, it enables near-instant settlement of international transactions in roughly three to five seconds, offering financial institutions a way to reduce liquidity costs and remove the need for pre-funded nostro accounts. Rather than relying on mining or staking, the network uses a federated consensus protocol in which trusted validators on a Unique Node List must reach an eighty percent agreement threshold to finalize transactions. This design allows the ledger to process around 1,500 transactions per second with deterministic finality, and it incorporates a built-in decentralized exchange for tokenized asset trading without intermediaries. A small amount of XRP is burned with each transaction to deter spam, while additional tokens serve as collateral supporting institutional market access. The project traces its conceptual roots to Ryan Fugger in 2004 and was later developed in its current form by Jed McCaleb and Chris Larsen through the company now known as Ripple. The platform supports smart contract functionality and is backed by a range of institutional investors, with regulated spot exchange-traded products following regulatory approvals in late 2025.
The breakdown came on volume usually associated with forced selling, not orderly profit-taking — and ETF inflows of roughly $4M could not offset the broader souring in risk appetite.
The end of the longest ETH ETF outflow run since launch arrives the same day Bitcoin ETFs also break a 13-day drought — a synchronized turn that rarely shows up by coincidence.
Over $500 million was liquidated from the cryptocurrency market in the span of a single hour, a cascade that swept…
The chart just tested the most important support in XRP's entire post-settlement history — a single bad macro day next week could close it below $1.20 and unwind the regulatory-clarity premium.
Nearly $2.7B left spot BTC and ETH ETFs over two weeks while XRP, Solana and HYPE funds absorbed the bid — the signal is rotation, not retreat.
ETF products pulled $20.3M and over 25M XRP left exchanges, yet price erased the entire four-month range — when a market stops responding to accumulation, the chart takes over from the narrative.
The two-day flush cut open interest 8.5% to $111.4B and pushed put skews sharply higher on both BTC and ETH — the $60K Deribit put alone now carries over $1B in notional open interest, the kind of…
The 14-year-old ledger is testing price levels not seen in months, while the anniversary quietly surfaces the gap between the network's longevity and its token's price action.
Daily ledger activity has roughly tripled from mid-2025, and a Ripple-affiliated firm is now framing the network as live payment infrastructure rather than speculative plumbing.
The brief depeg tracks a 4th STRC sub-par episode since August — each previous one mean-reverted, but the peg's sensitivity to preferred-equity volatility is now on the record for the wider market to…
Bitcoin, ether, solana and XRP funds are all in net redemption simultaneously for the first time — a coordinated altcoin reversal that turns the post-ETF-launch inflow story on its head, with…
Price is at a 15-week low, but exchange balances are shrinking and Binance inflows have hit their weakest 2026 levels — a divergence that has historically marked accumulation phases, not breakdowns.
The model pegs a clean technical trigger ($1.35 into support) and a hard bear floor ($1.15–$1.18) — and lands that against an XRP weekly close that just wicked below $1.20 before recovering.
Spot XRP ETFs pulled $4.13M on June 1 — the first positive day for the asset's institutional wrapper in weeks — yet price keeps grinding lower against Bitcoin and Ether.
Shrinking exchange balances and $1.42B in spot ETF inflows would normally cushion the bid — instead, XRP keeps ignoring the narrative and sliding, a divergence that often shows up late in a downtrend.
The framework spans six chains and gives banks intraday, weekend and holiday settlement — pushing card-network plumbing closer to an always-on model and turning stablecoins into routine settlement…
The same 24 hours delivered the ECB crowning gold over Treasuries, Mt. Gox moving 10,306 BTC, and a Trump executive order on AI — a macro stack with direct read-through to digital asset flows.
Bitcoin's 12% weekly drop is pulling ETH, SOL and XRP down with it, but USDT and USDC market shares are climbing to levels last seen in the January–February sell-off — a flight to dollar liquidity…
Ripple is expanding its Washington, D.C. office, signaling a deeper commitment to engaging US policymakers and…
Turkey handled nearly $200B in annual crypto volume — roughly 4x the UAE's — and a lira under pressure has turned digital dollars into functional capital preservation, giving Ripple's regulated…
XRP is a decentralized digital asset and the native token of the XRP Ledger, a Layer 1 blockchain designed for high-performance global payments.
XRP (XRP) is categorised as: Smart Contract Platform, Layer 1 (L1), FTX Holdings.
The official XRP site is https://ripple.com/currency/.
Most recent XRP coverage: "XRP slides toward $1.10 as liquidation cascade drags token lower" — read at /en-US/a/xrp-plunges-toward-109-as-liquidation-selloff-hits.