XRP Hits $1.091 Support on June 5, Testing February Low

According to IG analyst Axel Rudolph, XRP traded near $1.091 on June 5 at 10:14 a.m. ET, pulling back from its May 30 peak of $1.364. The token is testing critical February support at $1.1188, which Rudolph identified as key to preventing deeper losses. Rudolph warned that if the level breaks on a weekly close, further downside remains likely, with the market vulnerable unless buyers regain control.

Despite broader macro headwinds, institutional demand provided a bright spot: U.S. spot XRP ETFs attracted approximately $118 million in net inflows during May, bringing cumulative inflows to roughly $1.4 billion since launch.