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

XRP breaks key support, raising risk of a sharp drop amid weak volume rebound.

Technical Signals
07 Jun 2026
Tokenpost
View Source
Bearish
pluang ai news

XRP fell below a critical support level, signaling a bearish trend continuation and increasing the risk of further declines. Despite a short-term 6.24% rebound, XRP remains down over 16% in the past week and 19% in the past month, with trading volume dropping over 50%. Analysts warn that without reclaiming support, XRP could fall toward $0.50, a 55%+ drop. The move is driven more by macro risks and technical selling than by Ripple-specific news, with ongoing SEC litigation remaining a key volatility factor. Traders are watching for stronger volume and institutional demand to confirm any lasting recovery.

More News (XRP)

XRP Ledger gains $1.5B in tokenized real-world assets as Ethereum sees $1.2B outflows, signaling possible capital shift.

XRP Ledger gains $1.5B in tokenized real-world assets as Ethereum sees $1.2B outflows, signaling possible capital shift.

Analysts report that the XRP Ledger (XRPL) has attracted about $1.5 billion in new tokenized real-world asset (RWA) inflows over the past 30 days, while Ethereum experienced approximately $1.2 billion in outflows. This suggests a potential capital ro...

Market News
Neutral
5 hours ago
XRP falls below $1.10, hitting lowest since 2024 amid 18% weekly drop and ongoing sell pressure.

XRP falls below $1.10, hitting lowest since 2024 amid 18% weekly drop and ongoing sell pressure.

XRP's price has dropped below $1.10, marking its lowest level since 2024, with an 18% decline over the past week. Technical analysis suggests further downside risk toward $0.84, while some see potential support around $0.95. Despite recent approvals ...

Market News
Bearish
6 hours ago
Bitcoin and Ethereum gain modestly as altcoins diverge amid cooling crypto market activity.

Bitcoin and Ethereum gain modestly as altcoins diverge amid cooling crypto market activity.

Bitcoin and Ethereum posted small gains while many altcoins showed mixed performance, reflecting a market favoring large-cap cryptocurrencies amid declining activity in DeFi, stablecoins, and derivatives. Total crypto market capitalization remained a...

Market News
Neutral
6 hours ago
XRP Ledger surpasses 200,000 daily users for the first time since March, signaling renewed network activity.

XRP Ledger surpasses 200,000 daily users for the first time since March, signaling renewed network activity.

The XRP Ledger has exceeded 200,000 daily active users for the first time since March 2026, reaching about 215,399 users on June 5. This marks a significant increase from the 130,000 to 180,000 users seen in April and May, indicating a revival in net...

Protocol Fundamentals
Bullish
6 hours ago
Whales favor Bitcoin and Ethereum as altcoins hit extreme oversold levels amid market split

Whales favor Bitcoin and Ethereum as altcoins hit extreme oversold levels amid market split

Large crypto investors are heavily buying Bitcoin and Ethereum, with net buy weights of 81% and 79% respectively, signaling a preference for liquid, well-known assets during volatile times. Meanwhile, several smaller altcoins show extreme oversold si...

Market News
Neutral
6 hours ago
banner-footerbanner-footer

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