XRP slid 4% on Thursday, breaking below the $1.30 support level to trade at $1.27 as broader crypto markets took a hit alongside Bitcoin and Ethereum. BTC dropped 4% to $72,000, while ETH suffered a larger 5% decline to $1,975, reflecting a widespread pullback across the top assets.

The selloff comes on the heels of fresh macro headwinds and fund flow data that dampened near-term sentiment. Notably, Bitcoin saw a significant $700 million ETF outflow this month, while XRP ETF inflows slowed in May, suggesting institutional caution is filtering down. Meanwhile, Piper Sandler warned that the Strait of Hormuz could remain closed for months, posing a potential oil price spike that could further pressure risk assets.

For crypto markets, the combination of declining ETF demand and geopolitical uncertainty creates a fragile backdrop. XRP's drop below $1.30 suggests traders may be bracing for deeper retracements unless sentiment shifts quickly. A sustained close under that level could invite further downside in the coming sessions.

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