What happened to XRP's price?

XRP fell 5.19% over 24 hours on June 3, dropping to around $1.16. The token traded between a high of $1.25 and a low of $1.14 as selling pressure increased across the crypto market.

Why did XRP fall so sharply?

XRP's decline was driven by heavy selling and a broader cryptocurrency market downturn. The sell-off coincided with bitcoin falling below $63,000, which triggered widespread liquidations and risk-off sentiment across digital assets.

What does $25.6 million in XRP liquidations mean?

Liquidations occur when leveraged traders are forced to close positions because losses exceed margin requirements. More than $25.6 million in XRP positions were liquidated, including $24.7 million in long positions, showing that many traders had been betting on a price rebound.

Why do XRP liquidations matter for traders?

Large liquidations can accelerate price moves because forced selling adds extra downward pressure. The high concentration of long liquidations suggests bullish traders were caught offside as XRP continued to fall.

What do XRP's technical indicators currently show?

Technical indicators remain bearish, with XRP trading below its 50-period and 200-period simple moving averages. Its Relative Strength Index (RSI) fell to 26.73, which is generally considered oversold territory.

Is XRP oversold right now?

Based on the RSI reading of 26.73, XRP is technically oversold. That can sometimes lead to a short-term bounce, but an oversold reading alone does not guarantee a recovery if selling pressure remains strong.

What are the main bullish and bearish signals for XRP?

The bullish case is that XRP is oversold and could attract bargain hunters if market sentiment stabilises. The bearish case is that the token continues to form lower highs and lower lows, a trend that often signals further downside risk.

How does XRP's decline compare with the broader crypto market?

XRP's drop occurred during a wider market sell-off that triggered more than $1.12 billion in liquidations across cryptocurrencies. This suggests XRP's weakness was not an isolated event but part of a broader market correction.

Image for illustrative purposes only. Not a real photo.

XRP slides as liquidations deepen crypto sell-off

Written by Liezl GambePublished Jun. 4 2026Last Updated Jun. 4 2026

XRP fell 5.19% over the past 24 hours on June 3, dropping to around $1.16 as heavy selling pressure pushed the token towards the lower end of its recent trading range.

The token declined from a daily high of $1.25 to a low of $1.14, with a pattern of lower highs and lower lows reinforcing a bearish market structure that has remained in place since late May.

More than $25.6 million in XRP positions were liquidated during the sell-off, including $24.7 million in long positions, highlighting how heavily traders had been positioned for a rebound before prices moved lower.

The decline coincided with a broader cryptocurrency market downturn that triggered more than $1.12 billion in liquidations across digital assets as bitcoin fell below $63,000 and tested the low-$62,000 range.

“The honour of a lifetime,”

Said Brad Garlinghouse, reflecting on his involvement in the XRP ecosystem as the token recently marked its 14th anniversary.

Technical indicators remained negative, with the Relative Strength Index falling to 26.73 while XRP traded below both its 50-period and 200-period simple moving averages, signalling continued downward momentum.

Analysts said XRP remained in oversold territory and that sustained buying interest would be needed to support a recovery attempt, while further losses could reinforce the current bearish trend.

At the time of reporting, XRP price was $1.19.