XRP has experienced a significant decline, falling 4% below the crucial $1.30 support level, reaching fresh 15-week lows. This drop comes amid broader market weakness led by Bitcoin, as XRP's price fell from $1.3109 to $1.2668, representing a 3.4% decrease in just 24 hours. The breakdown occurred on June 1, marked by a surge in trading volume to 96.26 million. Although over 25 million XRP have recently moved off exchanges, indicating potential accumulation, the market has largely treated price recoveries as selling opportunities. Traders are now focused on immediate support around $1.26 and resistance levels between $1.27 and $1.30. Should XRP break below the current support, attention will shift toward the $1.20 area as the next significant downside target. Analysts are debating whether this selloff is a temporary setback or the beginning of a deeper decline.