Trading

On May 28, XRP fell to $1.265 before rebounding to $1.29, down 3.2% in 24 hours and nearly 6% over seven days as the wider market sold off. The drop pushed XRP's market cap below $80 billion, while XLM rose more than 22% to $0.1792 after DTCC and the Stellar Development Foundation outlined a tokenization initiative. Total crypto market capitalization declined to $2.58T, with the aggregate altcoin market cap at $1.05T.

XRP slipped on Wednesday amid a broader crypto sell-off that saw about $930 million in long positions liquidated over the past 24 hours. Santiment data shows XRP's 30-day MVRV fell to its lowest level since December 2020, while analysts highlighted $1.65 as key resistance and $1.10/$0.87 as major support zones. At press time, XRP traded at $1.29, down 2.76% over 24 hours.

South Korea’s Digital Asset Exchange Alliance (DAXA) has rolled out a new compliance standard requiring local crypto exchanges to revoke API keys suspected of being shared or misused. The move comes as the Financial Supervisory Service says automated trading represents about 30% of domestic crypto turnover, prompting tighter monitoring steps such as IP whitelisting and mandatory re-authentication.

Bitcoin traded between $72,622 and $76,047 on Thursday, with price action around $73,000 reflecting continued bearish control across the 1-hour, 4-hour, and daily charts. Technical levels highlighted $72,600 as near-term support, while bulls were seen needing a move back into $77,000–$78,000 to challenge the broader downside bias.

On May 28, 2026, pseudonymous trader KillaXBT said Bitcoin needs to defend $75,000 to avoid a broader downturn, while a push toward the $80,000 area remains a key test. He also outlined a potential path that could revisit the $74,000 region if BTC fails to reclaim $80,000, and noted $54,000 as a realized-price level to watch. Bitcoin was quoted at $75,652 at publication time, down 1.2% on the day.

Bitcoin fell more than 3.5% intraday and briefly dipped under $73,000 amid broader weakness across major cryptocurrencies. Derivatives markets saw liquidations exceed $1 billion over 24 hours, while most large-cap altcoins dropped roughly 3%–4% and several fell more than 6%. Stellar (XLM) moved against the trend, rising about 19% at the time of writing.

Bitcoin slid 3.6% early Thursday to a multi-week low of $72,622 before hovering just above $73,000. The move coincided with reports of fresh U.S. military strikes inside Iran and helped trigger broad deleveraging, with more than $930 million in leveraged positions liquidated and $870 million in long positions wiped out over 24 hours.

XRP fell more than 3% in a day to $1.29, breaking below the $1.30 area that had acted as support during the current corrective phase. Levi Rietveld said on May 26, 2026 that "the SEC is doing it", while arguing the Federal Reserve is preparing an initial $7 billion injection next week to start a quantitative easing cycle. Technically, the drop below $1.30 is framed as a breakdown that could expose $1.20 and potentially $1.10 if selling pressure persists.

Bitcoin (BTC) fell to about $73,235 after dipping to $72,604, as renewed US strikes on Iran and sustained spot Bitcoin ETF redemptions weighed on risk sentiment. More than $900 million in crypto liquidations and over $2 billion in ETF outflows since mid-May added to the selling, with traders watching $72,650 support and a 14-day RSI of 34.82.

Bitcoin fell below $75,000 for a second time in May, sliding to about $73,600 at publication and printing a session low near $72,600 after an earlier intraday dip around $74,200. May 23 marked the first break under $75,000, which coincided with spot ETF outflows and forced liquidations. Glassnode argues the $75,000–$78,000 zone is acting as a ceiling, with more than $8 billion of negative gamma near $75,000 and roughly $2.26 billion in US spot Bitcoin ETF outflows over two weeks through late May.