XRP price has been slipping below key support levels, raising concerns about a potential major collapse in June amidst global economic worries.
XRP price is exhibiting bearish signals on both hourly and daily charts, struggling to break above key resistance levels and falling below crucial moving averages.
Macro-economic concerns, including US GDP contraction, jobless claims spike, and stalled US-China trade talks, are adding pressure on XRP price and the overall crypto market liquidity.
While a crash to zero is unlikely without legal or fundamental invalidation, XRP faces the risk of significant decline towards $1.60-$1.85 range amidst fragile market structure and speculative flows.