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XRP price drops to $1.22 after $18M liquidations, with $0.95 support in focus amid institutional buying.

Market News
03 Jun 2026
UToday
View Source
Neutral
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XRP experienced a sharp price drop to $1.22 triggered by an $18.57 million liquidation of long positions, revealing a 1,614% margin imbalance. This forced sell-off was driven by a six-month downtrend and a recent 8.19% decline in June, causing automated trading systems to liquidate leveraged positions. Despite retail losses, institutional investors showed interest, with $4.13 million flowing into U.S. spot XRP ETFs, suggesting accumulation at discounted prices. If buying continues, XRP may stabilize around $1.20-$1.22 and target $1.38; otherwise, it could test the $1 floor amid broader market weakness.

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