XRP tumbles below $1.30 to $1.27 amid U.S.-Iran strikes and $1B crypto liquidations, eyes $1.10 support
XRP fell below $1.30 on May 28 after heavy selling tied to U.S. military action in Iran, triggering large crypto liquidations and breaching key support levels [1][2].
XRP plunged to around $1.27, its weakest level since February 2025, as markets reacted to U.S. military strikes on Iranian targets; nearly $1 billion in cryptocurrency positions were liquidated in the broader market during the sell-off [1] [2].
The move breached the critical $1.30 support zone amid significant trading volume, with technical analysts flagging $1.10 as the next key downside target if current levels do not hold; intraday charts showed renewed selling pressure and resistance forming near $1.34 [1] [3] [4].
Spot XRP ETF activity was reported as flat, recording zero net flows on Wednesday, while longer-term technical commentary noted XRP has underperformed Bitcoin for years and could fall further against BTC according to one chart analyst [1] [5].
Near-term market attention will center on whether the $1.10 support area holds after the breach of $1.30; sustained selling below those levels would reinforce the current bearish outlook cited by analysts [1] [3].
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Citations
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- 1XRP (XRP) Plunges to $1.27 as Geopolitical Tensions Spark Massive Crypto LiquidationsBlockonomi• May 28, 2026
- 2XRP Plummets Under $1.30 Following U.S. Military Action in IranMoneyCheck• May 28, 2026
- 3XRP drops 4% below $1.3 amid heavy selling, $1.1 support in focusCrypto Briefing• May 28, 2026
- 4XRP Price Slides Sharply Lower As Selling Pressure Intensifies RapidlyNewsBTC• May 28, 2026
- 5Bitcoin Has Outpaced XRP Since 2017, According To AnalystNewsBTC• May 28, 2026
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