Ripple XRP is trading at $1.16, down roughly 10% over the past seven days, after crashing to a multi-month low that landed, with painful irony, on the token’s 14th birthday. The drop briefly sent XRP below $1.20, a level not sustained since the early February selloff, and the full story is worse than the headline price suggests. Multiple support layers have now been compromised , and the market structure heading into this week offers little comfort for holders still averaging down. On June 2, 2012, Ripple co-founder Arthur Britto released the lines of code that minted 100 billion XRP tokens, the genesis of the entire ecosystem. If you're wondering today why people say Happy Birthday XRP. Today, 14 years ago, Arthur Britto committed this code that created the 100b XRP (prev called XNS). https://t.co/Ku748uUAhE — Vet (@Vet_X0) June 2, 2026 Thirteen years later, the birthday present was a flash dump to $1.20, roughly $30 million in leveraged liquidations, and a market cap collapse from above $85 billion to below $75 billion in a matter of days. The indignity didn’t stop there: USDC has now surpassed XRP as the fifth-largest cryptocurrency by market cap on CoinGecko. The broader altcoin market is providing no tailwind. Risk-off sentiment is dominant, and XRP’s repeated failure to break the $1.50–$1.60 resistance band, most recently rejected at $1.55 in mid-May, has left the chart structurally weak as sellers reassert control. Xrp (XRP) 24h 7d 30d 1y All time Discover: The Best Crypto to Diversify Your Portfolio Can Ripple XRP Reclaim $1.40 Support or Is a Deeper Drop to Below $1.00 Next? XRP is sitting at $1.152 on the daily chart, and the price is now testing the February low, which was the most important support level on this entire chart. That February wick down to $1.10 to $1.12 is the last floor standing, and XRP is sitting right on top of it after a sharp 3-week sell-off that has completely unwound the March to May recovery from top to bottom. The 4 months of base building between $1.20 and $1.60 has been entirely erased in a matter of weeks, which is a significant structural failure and tells you the demand that was holding that range was not as strong as the chart suggested at the time. Source: XRPUSD / Tradingview A daily close below $1.10 puts XRP in genuinely uncharted territory on this timeframe, with no meaningful support below, and the next reference point would have to come from much longer-term charts going back to 2024 lows. On the upside, $1.30 is the first level that needs to be reclaimed to even begin talking about recovery, and above that, $1.50 is the range midpoint that would need to flip before any bullish narrative can rebuild. The only marginal positive is that price is sitting at a historically significant bounce zone and the sell-off has been sharp and fast, which can sometimes lead to relief bounces before any continuation lower. But the structure is broken, the base failed, and until $1.10 proves it can hold on a daily close basis, this chart has more downside risk than upside potential right now. Discover: The Best Token Presales Here is Why Smart Money is Rotating Into Projects Like Bitcoin Hyper When an established altcoin loses 9% in a week, flips every key level from support to resistance, and surrenders its top-5 market cap ranking to a stablecoin, that is not noise. That is the market sending a signal. Capital rotating out of mid-cap altcoins with large overhead supply historically finds its way into early-stage plays where the upside has not been priced in yet. Bitcoin Hyper is sitting directly in that path. The project is in presale at $0.0136811 with $32.8 million already raised. That figure reflects genuine conviction. The core claim is worth paying attention to: Bitcoin Hyper bills itself as the first Bitcoin Layer 2 with full Solana Virtual Machine integration, promising sub-second finality and smart contract execution that outpaces Solana itself while staying anchored to Bitcoin’s security model. A Decentralized Canonical Bridge handles BTC transfers across chains. High-speed low-cost execution and a high APY staking mechanism round out the infrastructure stack. This is where serious capital tends to accumulate early. Before the product is proven. Before the market cap reflects what is being built. VISIT Bitcoin Hyper here . The post Ripple XRP Just Crashed to a Multi-Month Low on Its 14th Birthday appeared first on Cryptonews .
