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XRP (XRP) is trading at $1.0997 on June 5, down 5.79% on the day, per the TradingView daily chart. The price has broken below $1.10 for the first time since early 2025, cutting through the dotted support band visible on the daily chart that held through the February 2026 cycle low. The session low of $1.0912 is now the only near-term reference before opening at $1.00.
The move is not isolated. XRP has shed 68% from its January 2025 all-time high of $3.40 and 70% from the August 2025 cycle peak near $3.70, grinding through a series of lower highs since September. The breakdown below $1.10 removes the last meaningful chart support from the post-2024 rally structure.
The price action arrives one day after one of the most consequential infrastructure developments for the XRP ecosystem in months.
On June 4, Wormhole confirmed the RLUSD stablecoin is now live across multiple blockchain ecosystems via its Native Token Transfers (NTT) standard, expanding beyond its original XRP Ledger (XRPL) and Ethereum issuance for the first time.
Institutional-grade stablecoins just went multichain. 🔵@Ripple's RLUSD is now live across ecosystems via Wormhole's Native Token Transfers (NTT) — the standard trusted by 100+ assets across 40+ chains.
Compliant. Native. Multichain. ⚡ pic.twitter.com/DPE00O1Qls
— Wormhole (@wormhole) June 4, 2026
RLUSD is issued by Standard Custody and Trust Company, a Ripple subsidiary regulated as a limited-purpose trust company by the New York State Department of Financial Services, with monthly reserve attestations by an independent US-licensed CPA.
The NTT standard preserves native issuance and issuer control across chains, avoiding the wrapping and liquidity fragmentation that disqualify most bridging solutions for institutional use. Wormhole’s infrastructure has now facilitated over $70 billion in cumulative cross-chain volume across 100+ assets on 40+ chains. BlackRock’s BUIDL and Apollo’s ACRED move on the same rails.
The XRPL EVM Sidechain is now live with Ripple USD $RLUSD.
A key part of RLUSD's multichain expansion, the XRPL EVM Sidechain combines compatibility with existing EVM developer tooling while remaining closely connected to the XRP Ledger, helping meet growing demand from… pic.twitter.com/2U235RPw4L
— RippleX (@RippleXDev) June 4, 2026
The institutional significance is structural. RLUSD, sitting on Wormhole NTT, places a New York State Department of Financial Services-regulated stablecoin on the same interoperability layer as the two largest tokenized fund products in the market. For XRP, a more accessible RLUSD across chains means broader liquidity, deeper pair depth, wider availability of payment corridors, and a direct on-ramp for institutions building cross-chain financial applications using XRPL infrastructure.
The daily XRP/USD chart and technical data from TradingView show a uniformly bearish stack of moving averages (MAs).
XRP trades below every major moving average: the 10-day exponential moving average (EMA) ($1.2367), 10 simple moving average (SMA) ($1.2590), 20 EMA ($1.2906), 20 SMA ($1.3097), 30 EMA ($1.3186), 30 SMA ($1.3522), 50 EMA ($1.3497), 50 SMA ($1.3760), 100 EMA ($1.4295), 100 SMA ($1.3782), 200 EMA ($1.6323), and 200 SMA ($1.6211).
The Hull MA at $1.1244 is the nearest average to the current price and is pointing lower. The gap between the current price and the 200 EMA is $0.5326, or approximately 48%.
Oscillators confirm the depth of the move. The relative strength index (RSI) reads 19.06, the most oversold the daily chart has been in over a year. The moving average convergence-divergence (MACD) registers -0.0582, a sell signal. The average directional index (ADX) reads 29.59, confirming trend pressure is in force but not yet at extreme levels. Stochastic %K at 6.49, Stochastic RSI Fast at 0.00, and Williams Percent Range at -98.81 are all at floor readings.
Immediate support is at the session low of $1.0912. A daily close below that level opens the $1.00 psychological level, with no chart support between it and the current price. On the upside, the Hull MA at $1.1244 is the first level to reclaim, followed by the 10 EMA at $1.2367. A close above $1.2367 would be the first structural signal that selling pressure is exhausting.
The CLARITY Act remains the near-term binary. A Senate floor vote in June, if it clears, would be the first hard regulatory framework for digital assets in the US and a direct catalyst for XRP, given Ripple’s multi-year positioning around payment utility and compliance. With short positions outweighing longs by approximately 9-to-1 on XRP, any surprise catalyst compresses positioning quickly.
At RSI 19.06 and with RLUSD now live across chains, the fundamental and technical case for incremental sellers is narrowing.
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