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\n\t\t\t\t\t\t\t\t\tThe XRP ETFs were in the red as well yesterday for the first time in over a month.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
In times when almost the entire cryptocurrency market heads south, XRP has joined the ride, plunging to a fresh four-month low of under $1.15.<\/p>\n
This substantial crash comes as ETF investors have turned the tide and whales have disposed of a large quantity of XRP. As such, analysts now believe another leg down could follow soon.<\/p>\n
It was just three weeks ago when the cross-border token challenged the $1.55 resistance, while many analysts expected a breakout to $1.80 or maybe beyond. However, what followed was a painful rejection that culminated hours ago with a nosedive to just under $1.15. This massive 25% correction drove XRP to its lowest level since the early February crash, when it dumped to $1.11.<\/p>\n
Aside from the overall market dump, which included BTC plunging<\/a> toward $61,000 and ETH hitting<\/a> a 14-month low, the other possible reasons behind the cross-border token could be related to investors\u2019 exodus. Ali Martinez updated that whales have \u2018sold or redistributed\u2019 60 million tokens in the past week alone, which usually intensifies the underlying asset\u2019s selling pressure.<\/p>\n 60 million ripple:native have been sold or redistributed by whales over the past week, according to data from @SantimentData<\/a>. https:\/\/t.co\/3GNi2QH3Oz<\/a> pic.twitter.com\/SDADJF7HFE<\/a><\/p>\n \u2014 Ali Charts (@alicharts) June 3, 2026<\/a><\/p>\n<\/blockquote>\n Investors gaining exposure to XRP through the spot ETFs in the US have also changed their strategy. After more than a month of inflows (or days with zero reportable activity), June 3 turned red with more than $5 million in net inflows, according to SoSoValue data.<\/p>\n CasiTraders weighed in on XRP\u2019s price performance, indicating that it is \u201cbreaking below a very important support level.\u201d She believes the token\u2019s landscape could worsen from this point forward and predicted a substantial crash to levels below $1.00 soon:<\/p>\n My expectation is:<\/em><\/p>\n \u27a1\ufe0f Sharp move down toward ~$0.92<\/em><\/p>\n \u27a1\ufe0f Relief bounce back toward ~$1.20 (which should act as resistance)<\/em><\/p>\n \u27a1\ufe0f One final move toward $0.87<\/em><\/p>\n However, this move south to under $1.00 could be invalidated if XRP rebounds decisively and reclaims the $1.30 resistance soon.<\/p>\n \ud83d\udea8 The Crypto Move We\u2019ve Been Waiting 4 Months For?!\ud83d\udea8<\/p>\n The crypto market is finally starting to see some selling pressure come through, and XRP is breaking below a very important support level.<\/p>\n I\u2019ve been watching for subwaves to develop so we could get a better idea of whether\u2026 pic.twitter.com\/6QYURpGFQk<\/a><\/p>\n \u2014 CasiTrades \ud83d\udd25 (@CasiTrades) June 4, 2026<\/a><\/p>\n<\/blockquote>\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>\n <\/p><\/div>\n\n
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