XRP’s Week‑Long Drop: Why the Token Is Hanging on a Tight $1 Line

XRP slipped to the $1‑$1.20 support zone that helped it rebound in February, marking a steep 17 % decline for the week.

Key Technical Indicators

• Relative Strength Index (RSI): 18.79 – the lowest in two years and below typical oversold thresholds that often trigger recoveries.
• Exponential Moving Averages (EMAs): All EMAs sit above the current price; the nearest, a 20‑day EMA at $1.29, is more than $0.20 above the current level.
• Trend Line: Drawn from the August 2025 peak at $3.60, it continues to reject any attempts for a higher close.

Market Activity

• ETF Inflows: June 4 inflows into XRP ETFs totaled $3.83 million after a day of outflows, keeping net assets near $1.01 billion.
• Institutional Positions: Remain intact as the price tests the critical $1 support, creating a potential rebound setup according to RSI divergence.

Psychological Levels

• $1 Support: The last line of defense. A daily close below it could trigger a drop to $0.90 and then $0.80, with no clear support in between.
• Bullish Turnaround: Requires holding above $1 and an RSI climb back to 30, targeting the 20‑EMA at $1.29.

Ripple’s Stablecoin Expansion

Ripple has broadened its stablecoin reach by launching RLUSD on over 40 blockchain networks through Wormhole’s Native Token Transfers (NTT) framework.

• New Rollout: Includes Ethereum layer‑2 chains such as Base, Optimism, Ink, and Unichain, plus the XRP Ledger EVM sidechain.
• Security Improvements: Unlike Wormhole’s earlier bridge that suffered a $320 million hack in 2022, the NTT system allows Ripple to mint and burn RLUSD directly across chains without a third‑party liquidity pool, reducing attack risk.
• Institutional Appeal: Provides compliant USD‑backed liquidity across a wider on‑chain ecosystem, positioning Ripple’s stablecoin to follow XRP demand wherever it exists.