XRP has plunged to a four-month low of $1.125 as of Friday, June 5, 2026, marking its fifth consecutive daily decline and shedding over $10 billion in market capitalization. The token has fallen roughly 20 percent from May’s $1.50 to $1.60 range, allowing USDC to overtake it as the fifth-largest cryptocurrency. The selloff stems from three converging factors: institutional ETF inflows that supported price through April reversed after April 30, flipping the $1.40 level from support to resistance; broader crypto weakness as Bitcoin slipped toward $67,000 amid reduced Federal Reserve rate-cut expectations following strong US jobs data; and a notable divergence where whale accumulation and record on-chain activity failed to translate into price support. Despite passage of the CLARITY Act through Senate committee on May 14 and XRP ETF assets hitting record levels in May, regulatory tailwinds have proven insufficient to sustain buying momentum.
FXnCO Insight
The disconnect between record whale accumulation and collapsing price suggests institutional distribution is overwhelming retail demand, warranting defensive positioning until the $1.40 resistance level is reclaimed.
Source: Finance Magnates