XRP traded near $1.18 on June 4 after falling more than 5% in 24 hours. The token dropped to a fresh four-month low as the wider crypto market sold off sharply. Summary XRP dropped near $1.18 after losing key support and hitting a fresh four-month low. Whales sold or redistributed 60 million XRP, adding pressure as market sentiment weakened further. Analysts now watch $1.14, $1.10 and $0.84 as the next major support zones. The decline came after XRP failed to hold the $1.20 area. Its 24-hour range stood between $1.14 and $1.24, while trading volume stayed high near $2.9 billion. XRP loses key support as market selloff widens XRP had challenged the $1.55 resistance area three weeks earlier. That attempt failed, and the token has since moved lower with a series of weaker candles. The latest drop pushed XRP close to levels last seen during the early February crash. At that time, the token fell near $1.11 before buyers returned. Bitcoin and Ethereum also weakened during the same market move. Bitcoin fell toward $61,000, while Ethereum traded near its lowest level since April 2025. That broad selloff reduced demand across major altcoins. XRP followed the same direction, with sellers pressing the token below its recent range. Whale activity adds pressure to XRP Analyst Ali Martinez said whales sold or redistributed 60 million XRP over the past week. Large transfers from whale wallets can add pressure when the market already trades in a weak trend. Whale selling does not always mean a lasting decline. It can also reflect portfolio rotation, profit-taking, or transfers between wallets. Still, the timing matters because XRP is already trading near a key support zone. As crypto.news previously reported, XRP whale withdrawals from Binance had fallen to about 978 million XRP over 30 days. That marked the lowest reading since 2021. Lower whale withdrawals can show weaker large-holder demand. When whales remove fewer tokens from exchanges, traders often read it as a softer accumulation signal. ETF outflows weaken a recent bright spot XRP ETFs had been one of the stronger parts of the market in May. As previously reported, XRP ETFs drew $131.94 million in net inflows during the month, beating Bitcoin and Ethereum funds. That demand did not stop XRP’s spot price from falling. The token stayed weak even as regulated products attracted fresh capital during May. The flow picture changed on June 3. SoSoValue data showed U.S. spot XRP ETFs recorded a $5.34 million net outflow for the day. XRP Spot ETF Net Inflow, source: SoSoValue Bitwise’s XRP ETF saw the largest single-day outflow at about $4.06 million. Grayscale’s XRP Trust ETF followed with about $699,400 in outflows. Technical setup points to $1.10 and $0.84 ChartNerd said XRP printed a two-week 20/50 EMA death cross. The analyst added that a close below $1.32 would mark the lowest weekly candle close in 2026. “Above the EMA’s = uptrend. Beneath the EMA’s = downtrend,” ChartNerd wrote. The comment points to the same simple reading shown on the chart. After printing a 2 week 20/50 EMA deathcross, the drop has now opened up for $XRP. A close below $1.32 would mark the lowest weekly candle close in 2026. An S/R is a likely outcome next. Above the EMA’s = uptrend. Beneath the EMA’s = downtrend. Simples 👍🏻 https://t.co/SPp4cYiU1j pic.twitter.com/gaexVnbzUL— 🇬🇧 ChartNerd 📊 (@ChartNerdTA) June 3, 2026 The analyst also said XRP was losing the Upper Regression Band near $1.35. He argued that previous breaks below that level often led to a move toward the Middle Regression Band near $0.84. That makes $0.84 an important deeper support level if sellers keep control. Before that, traders may watch $1.14, $1.10 and $1.00 for any reaction. XRP remains historically resilient but short-term weak Crypto Patel noted that the XRP Ledger went live on June 2, 2012, making it 14 years old. He said XRP remains one of the oldest major crypto assets still trading. He also noted that XRP had no mining and no public ICO. All 100 billion tokens were created at launch, with early distribution coming through giveaways, partner deals and private sales. $XRP Just Turned 14 🎉🥳 Roadmap 20th AnniversaryThe $XRP Ledger Went Live On June 2, 2012. That Makes It One Of The Oldest Coins Still Standing, Older Than Ethereum And Almost Every Altcoin Trading Today.Here Is The Real Story, Since Most People Get It Wrong.1️⃣ No Mining.… pic.twitter.com/6R7GtaisAW— Crypto Patel (@CryptoPatel) June 3, 2026 That history does not remove the current pressure on the chart. XRP is down more than 16% over 30 days and remains far below its July 2025 all-time high of $3.65. The asset’s next move depends on whether buyers defend the $1.14 to $1.10 area. A rebound above $1.24 would ease immediate pressure, while a close below $1.10 could open the way toward deeper support. For now, XRP remains technically weak. ETF demand has cooled, whales have added selling pressure, and the chart still favors sellers below $1.32 and $1.35. Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
