XRP fell to $1.08 on June 5, 2026, its lowest price in 19 months and roughly 69% below the July 2025 cycle high of $3.65, according to Yahoo Finance. The drop was not about Ripple. A much stronger than expected U.S. jobs report reignited fears the Federal Reserve might hold or hike rates, triggered a cascade that wiped out more than $1 billion in leveraged crypto long positions in 24 hours, and dragged the whole market down with Bitcoin, which hit a weekend low near $59,100. The split underneath the price is what sets XRP apart from a plain sell-off: as the token fell, spot XRP ETFs kept taking in money, futures volume spiked to a record, and analysts say large holders kept buying. None of that sets a floor, and a separate run of news out of Japan adds to the story without proving anything about price.
- XRP hit $1.08 on June 5, 2026, a 19-month low, down about 69% from the July 2025 high of $3.65; it later steadied in the $1.12 to $1.16 range, per Yahoo Finance.
- The fall tracked a broad crypto sell-off rather than a Ripple-specific shock: Bitcoin fell to about $59,100 and more than $1 billion in leveraged longs were liquidated, per Yahoo Finance.
- Spot XRP ETFs took in $131.94 million in May and another $4.13 million in early June while Bitcoin and Ether ETFs saw outflows, per Yahoo Finance.
- XRP futures volume spiked to about $5 billion as the price hit $1.09, and analysts say large holders kept accumulating through the drop, per Bitcoinist.
- A parallel set of Japan headlines is real, led by an SBI Shinsei Bank deposit-rewards pilot starting June 10, but none of it has been shown to move the price, per Coindoo and BeInCrypto.
What moved it
The trigger was macro rather than anything specific to Ripple. XRP's June 5 low came as a stronger than expected U.S. jobs report, with 172,000 new positions, revived fears about Federal Reserve rate policy and set off a cascade that wiped out more than $1 billion in leveraged crypto long positions within 24 hours, per Yahoo Finance. Bitcoin plunged to a weekend low of about $59,100, and XRP was pulled down with it.
The breadth of the move is the clearest sign it was a risk-off rotation rather than an XRP problem. 24/7 Wall St. reported XRP down 38% year-to-date and 51% over one year as of June 9, with Bitcoin down 30% on the year to $61,661 and Ethereum down 45% to $1,648. When everything large falls together, the cause usually sits above any single token. XRP's weekly Relative Strength Index printed 29.12 on June 8 with a recent low of 23.45 on June 5, per 24/7 Wall St., readings below 30 that traders call oversold, though that outlet notes XRP's weekly RSI has spent most of 2026 under 35 without halting the slide.
From the June 5 trough, the token clawed back. Yahoo Finance reported XRP stabilizing in the $1.12 to $1.16 range, a recovery of roughly 7% from Friday's low. A bounce off a washout is common and says little about where the floor sits.
What the divergence shows
While the price fell, three flows ran the other way.
The first is ETFs. Spot XRP ETFs recorded $131.94 million in net inflows during May 2026, the strongest monthly figure since these products launched, even as the broader crash accelerated, per Yahoo Finance. Another $4.13 million entered in early June, during the same week XRP set its 19-month low, bringing cumulative spot XRP ETF inflows to $1.43 billion. Over the same stretch, Yahoo Finance reported Bitcoin ETFs shed $4.4 billion across 13 straight trading days of outflows and Ethereum ETFs lost $401 million over 17 days. Money flowed into XRP investment products and out of every other major crypto ETF category at once.
The second is futures. XRP futures volume spiked to about $5 billion as the price dropped to the $1.09 mark, one of its highest readings in months, according to Bitcoinist citing analyst Xaif Crypto. A volume surge on the way down can cut both ways: some traders bet on a deeper decline, others treat the flush as a chance to buy. Bitcoinist's read is that high volume on a sharp drop points to accumulation rather than exit, though that is an interpretation, not a settled fact.
The third is large holders. Bitcoinist, citing the analyst Cheeky Crypto, reported Wall Street buyers scooped up more than 775 million XRP while retail stayed focused on short-term price moves. CryptoPotato relayed a similar read from the analyst CW, who said big whales have led XRP spot trading since 2022 and tend to buy during accumulation phases and step back when price expands. Separately, AMBCrypto flagged a Whale Alert report of a 50 million XRP transfer into an unknown wallet, which it tied to dip-buying after a 13% weekly drop.
These figures come from on-chain trackers and named analysts rather than from XRP's price tape, and they describe positioning rather than promise a result.
What the Japan news adds
A cluster of Japan news landed in the same window, and it sits separate from the price action because the link between the two is not proven.
The headline item is SBI Shinsei Bank. The Japanese financial conglomerate SBI Group is moving to put crypto into its retail banking, with SBI Shinsei Bank set to launch a deposit-linked crypto rewards program this fall, per a Nikkei report relayed by Coindoo. Customers keep standard yen interest and also receive exchange vouchers worth 20% of that interest, redeemable for Bitcoin, Ethereum, or XRP. A three-month pilot starts June 10, 2026, covering ordinary savings and fixed-term deposits, with about 4.33 million eligible accounts, per Coindoo. To claim the rewards, customers open an account with SBI VC Trade, SBI's crypto exchange arm. BeInCrypto reported the same SBI Shinsei announcement alongside its XRP coverage.
Offering crypto inside a core savings product is unusual for a bank, and the program is aimed at newcomers rather than existing crypto holders, per Coindoo. SBI Holdings is a longtime Ripple backer, per BeInCrypto, which is why XRP watchers track its moves. No source has measured an effect on the XRP price.
What it doesn't tell you
The accumulation data confirms that capital entered these products and that large wallets bought; it does not confirm conviction that will hold through a deeper drawdown, nor does it set a price floor on any timeline. Yahoo Finance makes the limit plain: authorized participants, the institutions behind ETF flows, can and do reverse positions. An inflow today is not a promise to stay.
The figures move fast. The $1.08 low, the recovery into the $1.12 to $1.16 band, the $5 billion futures spike, and the ETF totals are all stamped to early June; by the time you read this the live price has changed. Check the live price before acting on any of them.
Price predictions are circulating, and they run wide. Several analysts cited in the source coverage floated long-term targets for XRP and others warned it could lose the $1 level if selling continues. whale.day does not endorse price targets in either direction; they are forecasts, and the market has spent 2026 ignoring oversold signals. The point to hold is the divergence itself, which is real and unusual. Where it leads is the part nobody can put a number on.
Borrowed-money positions make sharp moves sharper. More than $1 billion in leveraged long positions were liquidated in a day as XRP and the rest of crypto fell, which means forced selling added to the drop regardless of anyone's view on value. The same mechanics can fuel a fast bounce, which is why a single candle in either direction proves little.
What we're watching
Whether the ETF inflows hold. A record May and a positive early June stand out against Bitcoin and Ether outflows, but the test is whether that buying continues through a flat or falling month rather than fading once the contrast headlines do. Flows staying positive would matter more than any one-day rebound.
Whether the $1 level holds. 24/7 Wall St. noted XRP sitting close enough to $1 that a typical weekly swing could test it, and a sustained break below would be its first sub-$1 print of 2026, a level that could trigger more forced selling. The round number is psychological, but in a leveraged market psychology and liquidations feed each other.
And whether the Japan and development threads turn into demand. The SBI pilot, the XRPL routing and liquidity work cited by Crypto Briefing, and Ripple's tie to Wall Street plumbing through the DTCC tokenization group reported by Bitcoinist are all real. Whether any of it shows up as buying pressure, rather than headlines, is the open question. For now, the divergence between a falling price and steady accumulation is the story, and which side wins is not yet decided.