Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download

XRP and Cardano prices slump amid leadership shifts and crypto market liquidity drains to AI and SpaceX futures.

Market News
04 Jun 2026
UToday
View Source
Bearish
pluang ai news

XRP's price dropped to $1.14, with Ripple's former CTO David Schwartz stating crypto prices often defy logic amid retail investor frustration. Cardano's ADA hit a 5-year low at $0.1917 as founder Charles Hoskinson announced a break following internal governance conflicts that froze development funding. Coinbase's launch of SpaceX pre-IPO futures signals a major liquidity shift from native crypto tokens to traditional tech and AI sectors, reflecting a broader $2 trillion market cap loss since October 2025. This shift is driven by institutional investors reallocating capital ahead of significant IPOs, intensifying pressure on crypto assets and highlighting systemic challenges in the crypto market's ability to retain investment.

More News (XRP)

XRP builder rejects price predictions, focusing on XRPL product development amid rising network activity.

XRP builder rejects price predictions, focusing on XRPL product development amid rising network activity.

A leading developer in the XRP Ledger ecosystem, known as Cauliman, has dismissed public XRP price predictions, emphasizing his commitment to building products on the XRPL rather than speculating on price targets. Despite XRP's recent price struggles...

Protocol Fundamentals
Neutral
5 hours ago
Bitcoin dips below $62,000 amid $3B liquidations and bearish derivatives signals

Bitcoin dips below $62,000 amid $3B liquidations and bearish derivatives signals

Bitcoin briefly dropped to $61,300 before recovering to around $62,500, triggering $3 billion in liquidations over two days. Derivatives markets show strong bearish sentiment, with increased put option activity at the $60,000 strike and rising implie...

Market News
Bearish
5 hours ago
Analyst Eri says Japan's yen policy unlikely to trigger sudden XRP rally, favors gradual market shifts.

Analyst Eri says Japan's yen policy unlikely to trigger sudden XRP rally, favors gradual market shifts.

Market analyst Eri disputes the idea that an abrupt unwind of Japan's yen positions will cause a sharp XRP price surge. She highlights the Bank of Japan's cautious, gradual approach to monetary policy, suggesting any rate hikes will be slow and well-...

Market News
Neutral
6 hours ago
XRP whales sell 60M tokens as price nears critical $0.87–$0.92 support zone amid market caution

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

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 co...

Market News
Bearish
7 hours ago
XRP likely to drop below $1 within 30 days amid strong bearish trend and lost support levels.

XRP likely to drop below $1 within 30 days amid strong bearish trend and lost support levels.

XRP's price has broken key support at $1.30 and is showing strong bearish signals, including a breakdown of a declining triangle pattern and increased selling volume. The cryptocurrency is currently trading around $1.18 and may test the critical psyc...

Technical Signals
Bearish
7 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App