XRP Loses $1.28 Support and Falls to $1.15: Should Holders Sell, Hold, or Buy More?
Key takeaways
- XRP Loses $1.28 Support and Falls to $1.15: Should Holders Sell, Hold, or Buy More?
- XRP trades below all major moving averages: the weekly EMAs cluster between $1.50 and $1.78, and the 200-day SMA at $1.64 marks a long climb back.
- XRP s RSI has dropped to 27.55, which is deeply oversold.
XRP Loses $1.28 Support and Falls to $1.15: Should Holders Sell, Hold, or Buy More? AYO Production / Shutterstock.com Sam Daodu Fri, June 5, 2026 at 12:42 AM GMT+7 8 min read XRP-USD MSTR BTC-USD Quick Read XRP lost its $1.28 support on June 1 on volume of 96.26 million tokens and has fallen to a low of $1.14. The drop came during a market-wide selloff that pushed Bitcoin to $61,351 (its lowest since February) and spot BTC ETFs into a 13-day, $3 billion outflow streak. Strategy also disclosed selling 32 BTC, its first sale in more than four years, though analysts mostly agree the sale was routine balance-sheet housekeeping, not a change in Strategy s Bitcoin conviction.
XRP trades below all major moving averages: the weekly EMAs cluster between $1.50 and $1.78, and the 200-day SMA at $1.64 marks a long climb back. Whale withdrawals from Binance have dropped to a 4-year low of 978 million XRP over 30 days, which shows large XRP holders have stopped accumulating.
XRP s RSI has dropped to 27.55, which is deeply oversold. The current $1.15 low also lines up with XRP s February 2026 low of $1.11 during the Iran war crash, which makes this a meaningful demand zone. And despite the price weakness, large XRP holders have kept buying, with wallets holding at least 10,000 XRP hitting a record 332,230 in May.