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XRP fell below the key $1.30 support level after heavy selling pressure swept across the crypto market following fresh U.S. airstrikes on Iran. The token dropped to nearly $1.28 during the session as traders reacted to rising market uncertainty and weakening momentum across derivatives markets.
The decline came after XRP traded below resistance near $1.35 for several sessions. Selling accelerated once support around $1.3150 failed. Trading volume also increased sharply during the breakdown, while futures positioning weakened as open interest continued falling.
Despite the decline, on-chain data still showed XRP moving off exchanges. Some traders continued viewing the trend as a sign of longer-term accumulation. At the same time, analysts kept tracking a symmetrical triangle pattern that has compressed XRP price action since early 2025.
The market now approaches the apex of that structure, raising expectations for a larger breakout move.
XRP dropped from $1.3267 to $1.2993 during the 24-hour session. The token also touched a session low of $1.2931 before buyers briefly returned near the close. The sharpest decline arrived during the May 27 23:00 UTC trading session. Around 64 million XRP changed hands as the token broke below the $1.3150 support zone.
Dip buyers later pushed XRP back toward the $1.30 level. Even so, analysts continued monitoring downside risks as the token remained near the lower edge of its broader trading range. Falling open interest across derivatives markets also reflected weaker trader conviction. As a result, momentum continued to weaken after several failed recovery attempts beneath resistance.
Analysts now view $1.30 as the immediate recovery level XRP must reclaim to stabilize short-term price action. If sellers keep control, some market watchers see risks extending toward the mid-$1.20 range and possibly $1.10.
While XRP faced market pressure, attention also shifted toward Ripple’s banking expansion in the United States. In December 2025, Ripple secured conditional approval from the Office of the Comptroller of the Currency for a national trust bank charter. The approval gave Ripple regulated standing for custody services, fiduciary operations, and oversight of its RLUSD stablecoin.
The charter does not permit Ripple to accept customer deposits or offer savings and checking accounts. It also does not provide FDIC insurance coverage. Still, the approval marked a major regulatory step for the company as it continued expanding payment infrastructure tied to XRP and RLUSD.
Ripple separately applied for a Federal Reserve master account, which remains pending. That application now carries greater importance for XRP’s long-term settlement role.
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Ripple currently uses XRP to facilitate cross-border payments that settle within seconds. However, banks still need to pre-fund accounts across multiple countries before transactions settle. That process locks up capital and slows payment efficiency. A Federal Reserve master account could change that structure by allowing Ripple direct access to Fedwire and FedNow payment systems.
Such access would remove the need for commercial bank intermediaries during settlement flows. It would also place XRP closer to the center of Ripple’s payment infrastructure rather than at the edge. Several large financial institutions have previously partnered with or tested Ripple technology, including Santander, HSBC, Deutsche Bank and JPMorgan.
Expanded banking infrastructure could position Ripple as a more integrated financial services provider for institutional partners.
XRP slipped below a key support level as selling pressure, cooling derivatives activity and a weak market backdrop pushed the price lower. Ripple’s banking push, including the OCC charter and pending Fed master account, remains the main long-term story. Traders may now watch $1.30 for the next recovery test.
