XRP Falls Below $1.30 as Bitcoin Weakness Drags Crypto
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- XRP fell below the $1.30 support level, dropping 3.4% to $1.2668 and marking a 15‑week low.
- XRP saw more than 25 million tokens exit exchanges in recent days, indicating accumulation despite the price decline.
- XRP broke $1.30 on heavy volume of 96.26 million during the June 1 13:00 UTC session, slipping below the $1.2960 support zone.
- XRP now faces immediate support around $1.2650‑$1.2670 and resistance near $1.2730‑$1.2750; a break could open a slide toward $1.20.
- Bitcoin led a broader market sell‑off, with U.S. spot bitcoin funds logging 11 straight redemption days, pulling down XRP and other major crypto assets.
Why it matters: Retail crypto investors lose as XRP slides 3.4% to $1.2668, while the 25 million token outflows suggest that long‑term holders are accumulating; the price dip reinforces bearish sentiment across the crypto sector, potentially reducing inflows into crypto funds.
