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XRP Drops 4% as Hormuz Closure Adds to Crypto Selloff

2026-05-30 15:03:43

XRP plunged 4% on Thursday from $1.34 to $1.27 and fell below $1.30 support. Bitcoin fell 4% to $72,000, and Ethereum dipped 5% to $1,975. Piper Sandler warned that the Strait of Hormuz could remain closed for months and oil prices could hit new highs. Latest data shows XRP ETF inflows slowed in May, while Bitcoin faced a $700 million ETF outflow this month.

XRP1.96%

BTC0.26%

ETH0.19%

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