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XRP plunges over 5% amid heavy sell-offs and $25M liquidations, testing key support at $1.14.

Market News
03 Jun 2026
Bitcoin
View Source
Bearish
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XRP's price dropped sharply by 5.19%, nearing $1.14 after breaking key support levels due to intense selling pressure and long liquidations totaling over $25 million. The decline is part of a broader crypto market sell-off, with over $1.12 billion liquidated across digital assets as Bitcoin also fell below $63,000. Technical indicators show XRP is oversold, but recent rebounds suggest some buyer interest. The market awaits whether XRP can stabilize and recover or continue its bearish trend. Meanwhile, Ripple marked XRP's 14th anniversary, highlighting ongoing institutional interest and ecosystem growth despite the price drop.

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