XRP’s Week‑Long Drop: Why the Token Is Hanging on a Tight $1 Line
Sat Jun 06 2026
XRP slid 7% last Friday, ending the week with a 17 percent fall that brought it back to the $1‑$1. 20 support zone that helped it rebound in February.
The price is now stuck in a capitulation phase, with the relative strength index (RSI) sitting at 18. 79 – the lowest in two years and below previous oversold signals that usually spark big recoveries.
All of the exponential moving averages (EMAs) lie above the current level; the nearest, a 20‑day EMA at $1. 29, is more than $0. 20 higher.
A trend line drawn from the August 2025 peak at $3. 60 keeps rejecting every attempt to climb higher.
Despite this sharp decline, the June 4 inflows into XRP ETFs totaled $3. 83 million after a day of outflows, keeping net assets at about $1. 01 billion.
Institutional positions remain intact even as the price tests the critical $1 support, creating a potentially strong rebound setup according to RSI divergence.
The psychological floor at $1 is the last line of defense; a daily close below it could open the door to $0. 90 and then $0. 80, with no clear support in between.
A bullish turnaround would require XRP to hold above $1 and the RSI to climb back to 30, targeting the 20‑EMA at $1. 29.
On a different note, Ripple has broadened its stablecoin reach by launching RLUSD on more than 40 blockchain networks through Wormhole’s Native Token Transfers (NTT) framework.
The new rollout includes Ethereum layer‑2 chains such as Base, Optimism, Ink, and Unichain, plus the XRP Ledger EVM sidechain.
Unlike Wormhole’s earlier bridge that suffered a $320 million hack in 2022, the NTT system lets Ripple mint and burn RLUSD directly across chains without a third‑party liquidity pool, reducing attack risk.
This expansion gives institutional investors compliant USD‑backed liquidity across a wider on‑chain ecosystem, positioning Ripple’s stablecoin to follow XRP demand wherever it exists.
