XRP News Today: XRP Price Drops 15% in June Amid Bearish Signals

XRP price has been declining below key support levels, raising concerns among traders about a potential major collapse in June. The hourly chart shows XRP trading around $2.13, well below its 20, 50, 100, and 200-hour moving averages, indicating a bearish signal. Over the past five days, XRP has failed to break above $2.25, a strong resistance line that has been tested and rejected multiple times. The price structure reveals a clear descending channel with lower highs and lower lows forming repeatedly.

The daily chart further supports this pessimistic outlook. XRP price has fallen below the 200-day Simple Moving Average (SMA) of approximately $2.29, a level that previously offered long-term support. Breaking below this line often shifts the trend from recovery to recession. The Heikin Ashi candles are printing long red bodies with little or no upper wicks, suggesting strong bearish momentum.

The broader economic outlook is also contributing to the downward pressure on XRP. The US economy shrank by 0.2% in the first quarter of 2025, which is an alarming sign for all risk-on assets, including cryptocurrencies. Additionally, unexpectedly high unemployment numbers signal a weakening labor market, historically driving investors away from speculative assets like XRP. Renewed trade tensions between the US and China, along with a court blocking key tariffs, have brought back memories of the 2018-2019 trade war, a period when crypto struggled to attract serious capital inflows.

On the hourly chart, XRP price is stuck beneath key short-term averages, including the 20, 50, 100, and 200-hour SMAs. These averages form a resistance ribbon that XRP price has repeatedly failed to break. The nearest psychological support sits around $2.00. If that fails, the next area of interest is $1.85, a level last tested in April. On the daily chart, XRP price just broke below the Fibonacci pivot at 0.236, around $2.13. The next significant level lies near $1.60, a price that would erase nearly 40% from XRP’s recent local top of $2.60.

If XRP price continues falling to $1.60, the percentage drop would be approximately 38.46%. A breakdown below $1.50 could trigger a fast drop to $1.00, especially if Bitcoin also retraces or if XRP price faces fresh SEC-related pressure. However, a crash to zero is highly unlikely unless XRP is legally or fundamentally invalidated. But in times of panic, even irrational levels like sub-$1 can get tested. XRP’s market structure is fragile, and if broader market liquidity dries up, altcoins like XRP often face the steepest declines. The risk is compounded by XRP’s past volatility and its reliance on speculative flows.

For XRP price to avoid a deeper fall, it needs to reclaim at least the $2.25–$2.30 zone and hold above it. That would place the price back above key moving averages and could signal trend stabilization. Also, macroeconomic news must turn — perhaps a surprise trade deal between the US and China or stronger-than-expected US job data could inject optimism back into markets. Until then, expect volatility, sharp moves, and bearish sentiment to dominate.

XRP price is on shaky ground, both technically and fundamentally. With macroeconomic pressures mounting and price action turning decisively bearish, June could bring more pain for XRP holders. While a total crash to zero isn’t imminent, a deep correction toward the $1.60–$1.85 range is not just possible — it’s increasingly probable unless momentum flips fast. Traders should stay cautious, watch for volume spikes, and monitor macro headlines closely. Because if sentiment breaks completely, XRP’s drop could accelerate faster than expected.