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XRP may drop to $0.80 as whales prepare to sell amid Fed rate hike fears.

Market News
09 Jun 2026
FXEmpire
View Source
Bearish
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XRP's price faces a potential 30% drop to $0.80 if it falls below the $1.13 support level, driven by increased net inflows to exchanges from large holders (whales) signaling a possible sell-off. This bearish outlook is influenced by expectations of a Federal Reserve rate hike in September, which typically pressures cryptocurrencies. Despite a recent bounce off a key support and a possible short-term rally, overall market sentiment remains extremely fearful, suggesting downside risks remain high. Investors should watch the $1.13 level closely for signs of either recovery or further decline.

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