XRP May Drop Below $1 After Key Outage, Whales Exit: Analyst

XRP ETFs were also in the red yesterday for the first time in over a month.

At a time when almost the entire cryptocurrency market is heading south, XRP has joined the movement, plunging to a new four-month low below $1.15.

This significant crash comes as ETF investors reversed course and whales dumped a large amount of XRP. As such, analysts now believe a further decline could follow soon.

Selling XRP

Just three weeks ago, the cross-border token challenged resistance at $1.55, when many analysts expected a breakout to $1.80 or perhaps beyond. However, what followed was a painful rejection that culminated a few hours ago with a drop to just under $1.15. This massive 25% correction took XRP to its lowest level since the crash in early February, when it fell to $1.11.

Besides the overall market drop, which included BTC falling towards $61,000 and ETH hitting a 14-month low, the other possible reasons behind the cross-border token could be related to the exodus of investors. Ali Martinez updated that whales have “sold or redistributed” 60 million tokens in the last week alone, which typically intensifies the selling pressure of the underlying asset.

60 million ripple:native were sold or redistributed by whales in the past week, according to data from @SantimentData. pic.twitter.com/SDADJF7HFE

— Ali Charts (@alicharts) June 3, 2026

Investors who gain exposure to XRP through spot ETFs in the United States have also changed their strategy. After more than a month of inflows (or days with no reportable activity), June 3 turned red with more than $5 million in net inflows, according to SoSoValue data.

What’s next?

CasiTraders weighed in on XRP’s price performance, reporting that it is “moving below a very important support level.” She believes the landscape for the token could get worse from here and predicted a significant crash to sub-$1.00 levels soon:

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My expectation is:

➡️ Strong drop towards ~$0.92

➡️ Relief rebounds towards ~$1.20 (which should act as resistance)

➡️ One last step towards $0.87

However, this southward move below $1.00 could be invalidated if XRP rebounds decisively and reclaims the $1.30 resistance soon.

🚨 The crypto movement we’ve been waiting for for 4 months?!🚨

The crypto market is finally starting to feel some selling pressure and XRP is breaking below a very important support level.

I’ve been monitoring the development of the subwaves so we can get a better idea of ​​whether… pic.twitter.com/6QYURpGFQk

– CasiTrades 🔥 (@CasiTrades) June 4, 2026