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XRP eyes $1.50 breakout amid SHIB exchange exodus and Bitcoin liquidity squeeze from SpaceX IPO.

Market News
07 Jun 2026
UToday
View Source
Neutral
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XRP is poised for a major price move, potentially breaking out to $1.50 or dropping to $0.93, driven by tightening Bollinger Bands and a pending U.S. Senate vote. Meanwhile, whales have withdrawn a record 1.91 trillion SHIB tokens from exchanges, reducing selling pressure and setting the stage for a possible price rebound. Bitcoin faces liquidity pressure as institutions sell to fund Elon Musk's oversubscribed $150 billion SpaceX IPO, keeping BTC near $62,725 with risks of a deeper drop. Bitwise CEO warns that the biggest threat to crypto growth is traditional investors' indifference, not technical issues, urging the industry to innovate to attract new capital.

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