\n<\/p>\n
\n\t\t\t\t\t\t\t\t\tXRP was even surpassed by USDC as the fifth-largest crypto.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
Ripple\u2019s native cross-border token has not been spared by the overall market-wide calamity that has only worsened today, with a fresh nosedive to a multi-month low.<\/p>\n
What\u2019s particularly interesting about XRP\u2019s crash toward $1.20 is that it comes on the token\u2019s 14th birthday.<\/p>\n The last time the popular altcoin traded at such low levels was briefly during the early February crash when it tanked to just over $1.10. Aside from that quick leg down, it hasn\u2019t been below $1.30 since before the US presidential elections in 2024.<\/p>\n However, this crash now comes after several consecutive breakout rejections at prices between $1.50 and $1.60. The latest such unsuccessful attempt came in mid-May, when XRP soared to $1.55 only to be halted<\/a> and driven south hard.<\/p>\n Today\u2019s price drop to $1.20 registered minutes ago has left around $30 million in liquidations from leveraged traders. It has also wiped out billions from XRP\u2019s market cap, which has helped USDC surpass it on CoinGecko as the fifth-largest cryptocurrency by that metric.<\/p>\n XRP\u2019s market cap stands below $75 billion as of press time, down from over $85 billion just several days ago.<\/p>\n Interestingly, today marks the asset\u2019s 14th birthday, which makes the crash even more painful. On this date in 2012, Ripple co-founder Arthur Britto released lines of code that created 100 billion XRP tokens. He began working together with David Schwartz and Jed McCaleb in 2011.<\/p>\n Ali Martinez weighed in on the asset\u2019s recent price performance and predicted<\/a> that it could continue its path south to somewhere around $1.14 after it broke down<\/a> from a rising trend-line symmetrical triangle.<\/p>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\nYou may also like:<\/h3>\n
\nBinance Free $600 (CryptoPotato Exclusive): Use this link<\/a> to register a new account and receive $600 exclusive welcome offer on Binance<\/b> (full details<\/a>).<\/p>\n
![<\/a>XRPUSD June 2. Source: TradingView<\/figcaption><\/figure>\nThe last time the popular altcoin traded at such low levels was briefly during the early February crash when it tanked to just over $1.10. Aside from that quick leg down, it hasn\u2019t been below $1.30 since before the US presidential elections in 2024.<\/p>\nHowever, this crash now comes after several consecutive breakout rejections at prices between $1.50 and $1.60. The latest such unsuccessful attempt came in mid-May, when XRP soared to $1.55 only to be halted<\/a> and driven south hard.<\/p>\nToday\u2019s price drop to $1.20 registered minutes ago has left around $30 million in liquidations from leveraged traders. It has also wiped out billions from XRP\u2019s market cap, which has helped USDC surpass it on CoinGecko as the fifth-largest cryptocurrency by that metric.<\/p>\nXRP\u2019s market cap stands below $75 billion as of press time, down from over $85 billion just several days ago.<\/p>\nInterestingly, today marks the asset\u2019s 14th birthday, which makes the crash even more painful. On this date in 2012, Ripple co-founder Arthur Britto released lines of code that created 100 billion XRP tokens. He began working together with David Schwartz and Jed McCaleb in 2011.<\/p>\nYou may also like:<\/h3>\nAli Martinez weighed in on the asset\u2019s recent price performance and predicted<\/a> that it could continue its path south to somewhere around $1.14 after it broke down<\/a> from a rising trend-line symmetrical triangle.<\/p>\n\nSPECIAL OFFER (Exclusive)<\/span><\/center>\nBinance Free $600 (CryptoPotato Exclusive): Use this link<\/a> to register a new account and receive $600 exclusive welcome offer on Binance<\/b> (full details<\/a>).<\/p>\nLIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\n<\/p><\/div>\n\nSource link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":" XRP was even surpassed by USDC as the fifth-largest crypto. Ripple\u2019s native cross-border token has not been…\n","protected":false},"author":2,"featured_media":36714,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-44303","post","type-post","status-publish","format-standard","has-post-thumbnail","category-crypto","cs-entry","cs-video-wrap"],"_links":{"self":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/44303","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=44303"}],"version-history":[{"count":0,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/44303\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/media\/36714"}],"wp:attachment":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=44303"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=44303"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=44303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2026\/06\/XRPUSD-June-2-scaled.png\"){kind=link}