Bullish XRP signals are piling up. The price keeps falling.
XRP has experienced a significant drop in price, falling below key support levels. Despite bullish signals in the market, the price action remains weak, leading to cautious sentiment among traders. The focus is now on whether the $1.20 support level can hold amidst ongoing selling pressure.
- ▪XRP lost more than 5 percent, dropping to about $1.20 after breaking support at $1.25.
- ▪Over 25 million XRP left exchanges recently, reducing the available supply for sale.
- ▪Traders are closely watching the $1.20-$1.21 support zone, as a breakdown could lead to further declines.
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| Canonical URL | https://www.coindesk.com/markets/2026/06/03/bullish-xrp-signals-are-piling-up-the-price-keeps-falling |
| Publication time | Wed, 03 Jun 2026 05:15:00 +0000 |
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MarketsShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailBullish XRP signals are piling up. The price keeps falling.XRP lost another major support level on heavy selling, with traders now focused on whether buyers can defend the $1.20 area after a 15-week low.By Shaurya MalwaUpdated Jun 3, 2026, 5:36 a.m. Published Jun 3, 2026, 5:15 a.m. 2 min readMake preferred on What to know: XRP slid more than 5 percent to about $1.20, breaking key support at $1.25 even as exchange balances fell and ETF inflows into crypto remained strong.The loss of $1.25 has turned that level into overhead resistance, leaving XRP stuck in a broader downtrend defined by lower highs and weak follow-through buying.Traders are watching the $1.20–$1.21 support zone closely, as a breakdown could open…
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