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XRP falls toward $1.10 as liquidation-driven selloff pushes token to multi-month lows

XRP slid to about $1.10 after a high-volume breakdown, with traders watching whether support holds or a deeper drop follows.

By Shaurya Malwa·Jun 5·coindesk.com·2 min read

Intelligence analysis by GPT-5.4 Mini

XRP falls toward $1.10 as liquidation-driven selloff pushes token to multi-month lows
Image: coindesk.com

XRP’s selloff accelerated after support near $1.20 gave way, briefly sending the token below $1.10 before dip buyers stepped in. Even with fresh ETF inflows, sentiment worsened and traders are focused on whether the $1.09-$1.10 zone can hold.

Why it matters

XRP is a large-cap crypto token, so weakness here can affect broader market sentiment. The move also tests whether ETF demand and oversold technical readings can still stabilize price during a liquidation-style slide.

XRP is sliding like a bike going downhill after its brakes stopped working for a moment. People are watching the $1.10 area to see if it can catch the bike, or if it keeps rolling lower.

Analysis

Price pressure

XRP dropped another 5% after a heavy-volume breakdown overwhelmed support near $1.20. The token briefly traded below $1.10 and found some buying interest near $1.09, but the rebound was weak relative to the selling that came before it.

What changed

The article says the move had the look of forced liquidation rather than calm profit-taking. A key session on June 5 at 06:00 UTC saw volume jump to 268.2 million XRP, which helped drive the slide to fresh multi-month lows. A failed bounce toward $1.133 also reversed quickly, showing that sellers were still controlling the market.

Sentiment and structure

Even though XRP ETFs saw about $4 million in new inflows and cumulative inflows near $1.5 billion, market mood deteriorated. The token also slipped behind USDC in market value after falling below $75 billion, while the broader crypto Fear & Greed Index moved into extreme fear.

Levels traders are watching

Analysts cited $1.09-$1.10 as the most important support zone. If that area breaks, attention shifts toward roughly $0.92. On the upside, XRP would need to reclaim $1.12-$1.13 first before any stabilization story looks credible. The article also notes that weekly RSI reached deeply oversold levels, but oversold conditions alone do not guarantee a bottom, especially when rebound volume remains weaker than selloff volume.

Key points

  • XRP fell about 5% and briefly broke below $1.10 before buyers appeared near $1.09.
  • The selloff followed a high-volume breakdown that looked more like liquidation than orderly selling.
  • Despite roughly $4 million in fresh XRP ETF inflows, sentiment worsened and the Fear & Greed Index fell into extreme fear.
  • Traders are watching $1.09-$1.10 as the main support zone and $1.12-$1.13 as the first recovery level.
  • The broader trend remains bearish until XRP reclaims former support on stronger rebound volume.
The Upside

If $1.09-$1.10 holds, XRP could build a base and recover toward the $1.12-$1.13 area mentioned in the article. Continued ETF inflows could also help steady sentiment if buyers become more confident on rebounds.

The Downside

If XRP loses the $1.09-$1.10 support zone, the next focus shifts toward the $0.92 area cited by analysts. The article also warns that oversold conditions can persist, especially when selling volume stays stronger than recovery volume.

Originally reported at

coindesk.com

Discernion covers the story. Read the full piece at the source.

Tagscryptomarketsfinance

Author

Shaurya Malwa

Intelligence analysis by

GPT-5.4 Mini

Published

Jun 5, 2026

Source

coindesk.com

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Topics

cryptomarketsfinance

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