XRP has spent the better part of four months carving out a trading range with 
a series of contested highs and lows that kept both bulls and bears engaged. 
That appearance of stability is now under serious threat, as the 
cryptocurrency has returned to the exact support level that anchored its range 
lows throughout the consolidation. XRP losing this support level will 
determine the next significant directional move. XRP Returns To The Same Range 
Low XRP&#8217;s price action on the daily candlestick timeframe chart shows the 
cryptocurrency is currently locked inside a consolidation range that has been 
forming since February 2026. The upper boundary of the range is around $1.55, 
which has capped multiple rallies since February, while the lower boundary is 
around the $1.26 to $1.28 area. Related Reading: This XRP Move Has Only 
Happened 4 Times In History And Here’s What Happened Each Time The analysis, 
which was posted on the social media platform X by crypto analyst ‘Guy on the 
Earth,’ was made when XRP was trading near $1.279, almost directly on that 
lower boundary, but the token has since moved lower to around $1.16. That loss 
of support matters because the range low had been one of the cleanest 
technical levels on the chart. XRP previously reacted from this area during 
earlier pullbacks in March and April, making it a point where buyers were 
expected to defend the structure again. However, now that the situation is 
different, a weekly close below the range would weaken that assumption and 
suggest that the months-long sideways movement has ended in favor of sellers. 
The Downside Scenarios: From $1.10 To $0.63 Analyst Guy on the Earth, whose 
chart is the basis of this analysis, laid out the case that losing the current 
support zone puts XRP on a path to $1.10, which is just below the wick low in 
early February. That scenario already appears to be unfolding, as the 
cryptocurrency is now trading below the range floor, down by 6.1% in the past 
24 hours. Related Reading: Key Volume Signals Are Driving XRP Momentum Amid 
Market Uncertainty The more consequential question is how far a sustained 
breakdown extends from $1.10. The most probable bottom zone is between $0.75 
and $0.95 if range support is lost and a deeper correction takes hold. Analyst 
Crypto Patel, weighing in independently on X, pointed to the $1.10-$1.30 range 
as a current accumulation zone and said if that support breaks, buying 
anywhere between $0.65 to $0.85 could become a generational entry. That range 
would be painful for holders, but it would still fit within a larger bullish- 
market pullback if XRP eventually stabilizes and resumes higher. The worst- 
case bullish scenario in the analysis is around $0.63, which would mean XRP 
gives back nearly all of its bull-market gains since late 2023 before finding 
a durable support. Featured image from Freepik, chart from Tradingview.com

XRP has spent the better part of four months carving out a trading range with a series of contested highs and lows that kept both bulls and bears engaged. That appearance of stability is now under serious threat, as the cryptocurrency has returned to the exact support level that anchored its range lows throughout the &#8230;

If XRP Price Loses This Current Support, This Is How Low It Will Go

Michael Saylor’s Strategy has faced growing pressure to sell additional 
Bitcoin after a recent share price decline raised concerns about the 
sustainability of its financing structure, according to a new report from 
Grayscale Research. Grayscale Research said the company’s ability…

Michael Saylor’s Strategy has faced growing pressure to sell additional Bitcoin after a recent share price decline raised concerns about the sustainability of its financing structure, according to a new report from Grayscale Research. Grayscale Research said the company’s ability…

Strategy may be forced to sell more Bitcoin, Grayscale warns

Traders across multiple prediction markets are pricing a significant downside 
move for bitcoin well ahead of any recovery toward six figures. As of 3:30 
p.m. EDT on June 4, 2026, bitcoin is trading at $63,826, down roughly 2.8% on 
the day. The price level has become a focal point on Polymarket, Kalshi, and 
Myriad markets, […]

Traders across multiple prediction markets are pricing a significant downside move for bitcoin well ahead of any recovery toward six figures. As of 3:30 p.m. EDT on June 4, 2026, bitcoin is trading at $63,826, down roughly 2.8% on the day. The price level has become a focal point on Polymarket, Kalshi, and Myriad markets, &#8230;

Polymarket Traders Put 62% Odds on Bitcoin Dropping Below $60K This June

The record borrowing highlights tightening liquidity conditions, potentially 
impacting lending rates and financial market stability in the UK.
The post Banks borrow £123B in Bank of England short-term repo operation, 
smashing previous records appeared first on Crypto Briefing.

The record borrowing highlights tightening liquidity conditions, potentially impacting lending rates and financial market stability in the UK. The post Banks borrow £123B in Bank of England short-term repo operation, smashing previous records appeared first on Crypto Briefing.

Banks borrow £123B in Bank of England short-term repo operation, smashing previous records

The ongoing tariff tensions and delayed trade pact implementation could 
destabilize global supply chains, impacting economic predictability.
The post France calls US tariffs unjustified, seeks to finalize Turnberry 
trade pact appeared first on Crypto Briefing.

The ongoing tariff tensions and delayed trade pact implementation could destabilize global supply chains, impacting economic predictability. The post France calls US tariffs unjustified, seeks to finalize Turnberry trade pact appeared first on Crypto Briefing.

France calls US tariffs unjustified, seeks to finalize Turnberry trade pact

Automation&#8217;s rise could shrink the human-only economy, but human touch remains 
valuable in certain sectors.
The post Alex Imas: The human-only economy is shrinking, automation will redefine job structures, and we need better data for economic predictions | Dwarkesh appeared first on Crypto Briefing.

Automation&#8217;s rise could shrink the human-only economy, but human touch remains valuable in certain sectors. The post Alex Imas: The human-only economy is shrinking, automation will redefine job structures, and we need better data for economic predictions | Dwarkesh appeared first on Crypto Briefing.

If XRP Price Loses This Current Support, This Is How Low It Will Go

Comments