XRP (XRP) hovered around the $1.32 level on Sunday UTC as downside pressure persisted, but market watchers say the bigger concern is deteriorating ‘market depth’—a setup that can amplify volatility in either direction if large orders hit thin order books.
According to CoinMarketCap data at around 5:00 a.m. UTC on June 1, XRP traded at $1.3202, down 1.79% over 24 hours and 2.46% on the week. The token’s 30-day performance also remained negative at -4.63%, reinforcing a short- to mid-term bearish bias. XRP’s market capitalization stood near $81.82 billion, representing about 3.29% of the total… Read more
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