XRP Price Loses Key Support: The Drawdown May Not Be Over Yet

XRP Price Loses Key Support: The Drawdown May Not Be Over Yet

XRP price is bleeding. The token is changing hands at $1.21–$1.24 as it losses 2% today, and the weekly chart looks worse, down 7%. The selloff accelerated since earlier this week, extending a downtrend that began mid-May when XRP peaked at $1.55. Since that local top, the token has sliced through a critical support zone and hit its lowest price since February.
XRP ETFs haven’t had a red day since April while everything else bleedsripple:native spot ETFs pulled in another $4.13 million on June 1, extending a run of inflows that has not seen a single negative day through all of May. @SoSoValueCrypto data shows the last outflow was… pic.twitter.com/XSGpuZghia— BSCN (@BSCNews) June 2, 2026
All the above put the cumulative drawdown at over 66% from its all-time high last year. However, the drop is broad-based: total crypto market cap has collapsed from above $4 trillion to just $2.4 trillion as most altcoins are down double digits alongside XRP.But it just seems is a Layer 3 infrastructure project positioning itself as the cross-chain liquidity layer for the next cycle. Its core proposition is straightforward: fuse Bitcoin, Ethereum, and Solana liquidity into a single execution environment, so developers deploy once and access all three ecosystems simultaneously.
LiquidChain is cooking.The Order doesn’t sleep. ⟁ pic.twitter.com/CXY4ya0MC5— LiquidChain (@getliquidchain) June 3, 2026
The architecture includes a Unified Liquidity Layer, Single-Step Execution, Verifiable Settlement, and a Deploy-Once Architecture designed to eliminate the fragmentation that currently makes cross-chain development painful and expensive.The presale is live at $0.01466 per $LIQUID, with $820K to date. For those researching the space, the full LiquidChain presale details are here.The post XRP Price Loses Key Support: The Drawdown May Not Be Over Yet appeared first on Cryptonews.