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XRP whales sell 60M tokens as price nears critical $0.87–$0.92 support zone amid market caution

Market News
04 Jun 2026
Coinpaper
View Source
Bearish
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Large XRP holders have sold or moved about 60 million tokens recently, signaling potential increased volatility as the crypto market faces selling pressure. Technical analysis suggests XRP may drop to the $0.87–$0.92 range, a key support zone that could trigger either a deeper correction or a recovery bounce. Despite short-term bearish trends, some traders see this pullback as a healthy reset for future gains. XRP currently trades around $1.16, down over 9% in the past week, with whale activity and weakening support levels raising uncertainty about its next move.

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