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

XRP falls to $1.27 after US strikes on Iran trigger $1B crypto liquidations

Market News
28 May 2026
Blockonomi
View Source
Bearish
pluang ai news

XRP dropped sharply to $1.2723, its lowest since February, following US military strikes on Iranian targets near the Strait of Hormuz. This geopolitical event caused nearly $1 billion in forced liquidations across the crypto market, with XRP losing 3.6% amid heavy trading volume. The critical $1.30 support level was breached, signaling potential further declines to $1.10 if bearish momentum continues. Meanwhile, XRP ETFs showed no net flows, indicating cooling institutional interest despite monthly gains, while blockchain data suggests ongoing long-term accumulation away from centralized exchanges.

More News (XRP)

Bitcoin survives 472 death calls since 2011 as traders shift focus to smaller altcoins amid weak market.

Bitcoin survives 472 death calls since 2011 as traders shift focus to smaller altcoins amid weak market.

Bitcoin has been declared "dead" 472 times since 2011 across various market cycles, yet it has grown over 70 million percent in value. Despite recent weak sentiment and price corrections, Bitcoin remains resilient. Currently, traders are showing incr...

Market News
Neutral
4 hours ago
Free XRP airdrop offered at Tokyo investment seminar on June 30 to encourage crypto investing.

Free XRP airdrop offered at Tokyo investment seminar on June 30 to encourage crypto investing.

SBI Global Asset Management and Yomiuri Shimbun Group are hosting a free investment seminar in Tokyo on June 30, focusing on navigating markets amid global instability. Attendees with an SBI VC Trade account will receive 1,000 yen worth of XRP as a g...

Protocol Fundamentals
Bullish
4 hours ago
Bitcoin, USDC lead $200M outflows as crypto markets turn cautious on May 28

Bitcoin, USDC lead $200M outflows as crypto markets turn cautious on May 28

On May 28, major cryptocurrencies Bitcoin (BTC) and USD Coin (USDC) experienced significant net outflows of approximately $200 million and $184 million respectively, signaling a risk-off sentiment in the crypto market. Ethereum (ETH) also saw a net o...

Market News
Bearish
4 hours ago
Uganda's DNA Protocol pilot advances genomic ID on XRP Ledger amid weak XRP market conditions

Uganda's DNA Protocol pilot advances genomic ID on XRP Ledger amid weak XRP market conditions

Uganda's DNA Protocol pilot now manages genomic identity data using zero-knowledge proofs on the XRP Ledger Testnet, aiming to verify genetic credentials privately. This initiative links the XDNA token with XRP supply through a dual burn mechanism, s...

Protocol Fundamentals
Bearish
5 hours ago
XRP falls below $1.30 support amid heavy selling, risking deeper decline.

XRP falls below $1.30 support amid heavy selling, risking deeper decline.

XRP broke below the key $1.30 support level after heavy selling volume, signaling a shift in short-term market sentiment. Despite some on-chain data suggesting longer-term accumulation, derivatives data shows weakening trader conviction. Analysts war...

Market News
Bearish
6 hours ago
banner-footerbanner-footer

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