XRP Price at Critical Juncture: Will Bulls Defend $2.01 Support Amid Market Turbulence?
As the broader cryptocurrency market experiences a significant downturn, losing 3.81% of its value and bringing the total market cap to $3.3 trillion, XRP finds itself at a pivotal support level of $2.01. The market-wide sell-off has triggered massive liquidations totaling $712.76 million, with long positions bearing the brunt at $644.84 million. XRP-specific liquidations have reached $29.68 million, predominantly from overleveraged long positions worth $29.26 million, highlighting the intense pressure on bullish traders. Despite the bearish momentum, a notable surge in whale activity has been observed, with 330 million XRP moved off exchanges, potentially signaling accumulation at lower prices. This development raises the question: Can XRP bulls reclaim momentum and defend the key $2.01 support level, or will the ongoing market volatility push prices lower? The coming days will be critical for XRP’s short-term trajectory as traders watch for signs of stabilization or further downside.
XRP Price to Test Key Support at $2.01: Can Bulls Reclaim Momentum?
XRP faces heightened volatility as the broader crypto market sheds 3.81% of its value, now valued at $3.3 trillion. A cascade of liquidations totaling $712.76 million—primarily long positions at $644.84 million—has intensified pressure. XRP-specific liquidations reached $29.68 million, with longs accounting for $29.26 million, exposing overleveraged bullish bets.
Whale activity surged with 330 million XRP moved off exchanges on May 30, predominantly in large bands (1M+ XRP). Such withdrawals often signal accumulation or risk mitigation. Reduced exchange supply could stabilize prices, though market uncertainty persists.
XRP Drops 6% Amid Global Economic Uncertainty, Institutional Interest Emerges
XRP plunged 6% overnight as broader crypto markets reeled from a U.S. court ruling overturning Trump-era tariffs, erasing $2.305 to $2.163 in a high-volume selloff. Total market capitalization fell 3.1% to $3.35 trillion as investor confidence wavered.
Despite the downturn, institutional adoption signals emerged. VivoPower secured $121 million to establish an XRP treasury reserve—a first for a public company. China’s Webus International followed suit, announcing plans to raise $300 million for a similar strategic reserve.
Technical charts showed capitulation with trading volume spiking to 174.7 million units—four times the daily average. A V-shaped recovery attempt stalled at $2.204 resistance, with prices oscillating between $2.195 and $2.196. Analysts now watch the $2.23 level as a key determinant for XRP’s near-term trajectory.
HashKey Group Lists XRP for Institutional Traders in Asia
Hong Kong’s HashKey Group has added XRP to its platform for institutional investors, marking another step in the digital asset’s growing prominence. The SFC-licensed exchange recorded $4,000 in initial trading volume for the XRP/USD pair.
The listing follows the U.S. government’s inclusion of XRP in its strategic crypto reserves and builds on HashKey’s existing partnership with Ripple. In April 2025, the firms jointly launched Asia’s first XRP tracker fund.
"HashKey Capital has played a vital role in broadening institutional access to XRP in Asia," said Ripple’s APAC managing director Fiona Murray. The exchange cited XRP’s strong late-2024 performance and its role in triggering what market observers call the cycle’s first altcoin season.
Saudi Aramco Denies XRP Ledger Partnership Claims
Saudi Aramco has categorically denied involvement in any oil tokenization project with the XRP Ledger, dispelling rumors fueled by a fraudulent document. The falsified paperwork included fabricated signatures and references to nonexistent officials, with forensic inconsistencies suggesting Iranian origins.
The energy giant’s sole recent digital venture remains its collaboration with Japan’s SBI Group—a partnership conspicuously absent of blockchain or cryptocurrency elements. Market observers note this incident underscores the crypto sector’s vulnerability to sophisticated disinformation campaigns targeting high-profile entities.
XRPL communities had initially amplified the unverified claims, demonstrating how quickly baseless rumors can propagate during periods of low liquidity. The episode serves as a cautionary tale about verifying institutional crypto partnerships through primary sources before trading on speculation.
Ripple’s Legal Battle with SEC Takes Unexpected Turn as Entrepreneur Seeks to Introduce New Evidence
The protracted legal showdown between Ripple and the U.S. Securities and Exchange Commission over the classification of XRP took a dramatic turn on May 28. Justin W. Keener, an unaffiliated entrepreneur, filed a petition to submit undisclosed evidence that could bolster Ripple’s position. The move has reignited debate across crypto markets about the fundamental question at stake: whether XRP constitutes a security.
Market observers note the timing coincides with heightened regulatory scrutiny across digital assets. While Ripple remains tight-lipped, the court’s decision on admitting this evidence could accelerate or delay a resolution that’s been pending since December 2020. The outcome may establish precedent for how regulators approach similar tokens.
XRP Mining Integrates Robinhood Wallet Payments, Claims $5,700 Daily Earnings Potential
XRP Mining, a UK-based cloud mining platform established in 2018, now supports payments via Robinhood wallets. The company touts AI-optimized strategies and clean energy usage, promising users daily profits up to $5,700 through passive cloud mining contracts.
The platform operates under UK regulatory certification and serves over 5 million users globally. Its cloud mining model eliminates hardware requirements, allowing investors to rent mining power with minimal capital outlay—potentially turning $100 investments into substantial returns.
