{"id":73607,"date":"2026-06-05T15:40:17","date_gmt":"2026-06-05T15:40:17","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/xrp-sell-off-hits-1-09-as-traders-face-fresh-downside-risk\/"},"modified":"2026-06-05T15:40:17","modified_gmt":"2026-06-05T15:40:17","slug":"xrp-sell-off-hits-1-09-as-traders-face-fresh-downside-risk","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/xrp-sell-off-hits-1-09-as-traders-face-fresh-downside-risk\/","title":{"rendered":"XRP Sell-off Hits $1.09 as Traders Face Fresh Downside Risk"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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<\/svg>Key Takeaways<\/span><\/h2>\n
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  • XRP continued to make lower highs and lower lows as selling pressure intensified.<\/span><\/li>\n
  • Support near $1.09 remains critical for preventing additional downside momentum.<\/span><\/li>\n
  • An analyst warned a break below key levels could deepen losses.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n

    XRP<\/span> Downtrend Deepens as Sellers Keep Control<\/h2>\n

    At 10:14 a.m. ET on June 5, XRP<\/span> was trading at $1.110, near its recent low of $1.091, after extending a sustained pullback from its May 30 peak of $1.364. The decline has kept XRP<\/span> under pressure, with the price continuing to form lower highs and lower lows into early June.<\/p>\n

    From a short-term chart perspective, XRP<\/span> remains in a clear downtrend after failing to hold above $1.30. Price is attempting to stabilize, but buying momentum remains weak. Volume<\/span> picked up during the latest decline, indicating sellers remain in control.<\/p>\n

    XRP<\/span>\u2019s 4-hour chart on June 5 via Bitstamp.<\/figcaption><\/figure>\n

    XRP<\/span> Tests February Support as Breakdown Risk Builds<\/h2>\n

    XRP<\/span>\u2019s slide below $1.11 has put February support at $1.1188 back in focus. An analysis published June 4 by IG market analyst Axel Rudolph identified that level as critical. IG Group is a FTSE 100 financial technology company serving more than 1.3 million customers worldwide.<\/p>\n

    Rudolph\u2019s technical outlook turned increasingly bearish<\/span> after XRP<\/span> broke below the February low. He said the token remains under pressure while trading below the June 3 high at $1.2470 and the May 30 high at $1.3640, leaving the market vulnerable to additional downside if buyers fail to regain control. He said:<\/p>\n

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    \u201cProvided that the February low at $1.1188 holds on a weekly chart closing basis, a recovery may ensue. In this case the February-to-May lows at $1.2663-to-$1.2806 may act as resistance.\u201d<\/p>\n<\/blockquote>\n

    Macro Headwinds Persist Despite Strong XRP<\/span> ETF Demand<\/h2>\n

    Broader market conditions have added to the pressure on digital assets. Rudolph noted that cryptocurrency<\/span> markets have been weighed down by inflation<\/span> concerns, elevated Treasury yields, uncertainty surrounding the path of U.S. interest rates and geopolitical tensions involving the United States and Iran.<\/p>\n

    Higher oil prices and concerns about global growth have also reduced risk appetite across the broader crypto<\/span> sector.<\/p>\n

    Despite those headwinds, institutional demand for XRP<\/span> remained a notable bright spot. The IG analysis detailed that U.S.-listed spot XRP<\/span> ETFs attracted about $118 million in net inflows during May, lifting cumulative inflows since launch to roughly $1.4 billion. Seven spot XRP<\/span> ETFs now manage about $1.2 billion in assets, while XRP-focused funds drew approximately $35 million between May 20 and May 29 even as bitcoin<\/span> and ether ETFs experienced combined outflows of around $2 billion.<\/p>\n