Ripple XRP Plummets: Market Capitalization Drops Below $75 Billion
June 4, 2026 – Ripple’s native cryptocurrency XRP has faced a sharp decline in recent days, sliding to a trading price of approximately $1.08, representing a drop of around 7.73% on the day and roughly 10% over the past week. This decline marks a significant setback for XRP, coinciding ironically with the token’s 14th anniversary.
XRP Price Dips to Multi-Month Lows
At one point, XRP briefly fell below the crucial $1.20 level — a price point not seen since the sell-off earlier this February. This drop has broken through multiple support layers, painting a bearish picture for investors who might have hoped to average down their positions. The deterioration in XRP’s chart structure leaves few reasons for optimism as selling pressure regains dominance.
Ripple co-founder Arthur Britto initially published the code for XRP on June 2, 2012, minting 100 billion tokens at the genesis of the ecosystem. Fourteen years later, this milestone was overshadowed by a flash dump to $1.20, leveraged liquidations totaling about $30 million, and a dramatic decrease in market capitalization from over $85 billion to below $75 billion within days.
XRP Outpaced by Stablecoin USDC
Further underscoring XRP’s decline, the stablecoin USDC has surpassed XRP to claim the position of the fifth-largest cryptocurrency by market capitalization on CoinGecko. The overall altcoin market currently lacks momentum, dominated by risk-averse sentiment. XRP’s repeated inability to break through resistance between $1.50 and $1.60 — with the latest attempt failing near $1.55 in mid-May — has structurally weakened its chart and ceded control to sellers.
Technical Outlook: Support at Risk
As of now, XRP is trading around $1.15 and is testing the vital February low, which stands as the most critical support on its chart. This February wick down to roughly $1.10–$1.12 marks the last strong base level after three weeks of intense sell-off erased the gains amassed from March through May.
The four-month consolidation range between $1.20 and $1.60 has been wiped out in weeks, signaling a profound structural failure and indicating that demand in that range was much weaker than it appeared.
Should XRP close below $1.10 on the daily chart, it may enter uncharted territory with few meaningful supports beneath. The next levels of importance look to be found in longer timeframes, potentially harkening back to 2024 lows.
Conversely, regaining $1.30 is necessary just to put recovery on the table. Above this, $1.50 represents the midpoint of the recent trading range that must flip back into support before bulls can rebuild confidence.
A slight silver lining is that XRP’s current price hovers in a historically significant bounce zone. Rapid sell-offs of this nature sometimes spark short-term relief rallies before resuming downward trends. However, unless XRP holds above $1.10 on daily closes, the technical outlook favors further downside risk.
Broader Market Impact and Shifts in Capital Allocation
The sharp 9% weekly loss for XRP, combined with the loss of top-five ranking to a stablecoin and key supports flipping into resistance, sends a clear market signal. Capital is flowing away from mid-cap altcoins with ample supply and toward early-stage projects where upside remains untapped.
One such project gaining traction is Bitcoin Hyper, currently in presale at $0.0136811 per token with $32.8 million raised, reflecting strong investor confidence. Bitcoin Hyper aims to serve as the first Bitcoin Layer 2 solution fully integrating the Solana Virtual Machine (SVM). It promises sub-second finality, outperforms Solana on smart contract execution while maintaining Bitcoin’s security model, including a decentralized canonical bridge facilitating BTC transfers between chains. Offering fast, low-cost transactions and a high-APY staking mechanism, Bitcoin Hyper epitomizes the type of innovative infrastructure attracting fresh investment as traders seek new opportunities beyond established altcoins like XRP.
Current Market Snapshot (June 4, 2026)
| Cryptocurrency | Price USD | Change (%) (24h) |
|---|---|---|
| Bitcoin (BTC) | $59,735.98 | -5.83% |
| Ethereum (ETH) | $1,553.75 | -12.15% |
| Solana (SOL) | $62.31 | -9.36% |
| PEPE | $0.0000026 | -10.90% |
| SHIB | $0.0000044 | -9.84% |
| Binance Coin (BNB) | $562.68 | -6.86% |
| Dogecoin (DOGE) | $0.079 | -9.75% |
| XRP | $1.08 | -7.73% |
Conclusion
Ripple’s XRP is facing one of its toughest stretches in over a year, marked by plunging market cap, technical breakdowns in price support, and a shift in investor preference toward newer blockchain projects. While the token sits near historically critical support, a failure to hold current levels may open the door to further declines. Meanwhile, the evolving crypto landscape sees capital increasingly deployed into innovative Layer 2 and cross-chain interoperability projects like Bitcoin Hyper, signaling shifting tides in crypto investment priorities.
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Author: Steffen Bösweich
Senior Editor at Cryptonews DE
Last Update: June 4, 2026