XRP is having one of its worst stretches in months. The asset is trading at $1.10, down 7.22% from yesterday and 17.3% below its June opening price of $1.33.
Levi Rietveld, creator of Crypto Crusaders and well-known XRP advocate, has been closely tracking the decline and has highlighted a specific catalyst driving the move.
War Escalation Hits Markets
Rietveld tied the sell-off directly to escalating conflict in the Middle East. Iranian drones struck Kuwait’s airport, injuring 63 people. The attack followed statements from President Trump suggesting a peace deal between the U.S. and Iran was imminent.
Iran’s response contradicted that outlook. Rietveld cited Iran’s position, stating, “We’re nowhere close to getting a deal with the United States. They’re playing games with us.” Iran stated it would continue striking adversaries in the region until the U.S. meets its demands.
The attack shifted sentiment across the entire crypto market. The fear index moved into extreme territory. Rietveld described the market’s reaction as a direct response to what a prolonged conflict means for the economy.
The Real Reason $XRP Is DUMPING HARD! I'M SHOCKED!!! pic.twitter.com/Wwass5dJa3
— Levi | Crypto Crusaders (@LeviRietveld) June 3, 2026
What the Market Is Pricing In
Rietveld initially saw the war as a distraction from XRP’s trajectory, but it has since negatively impacted the asset’s price. Rietveld outlined the economic logic behind the reaction. Higher oil prices follow military escalation in the region. These higher prices push inflation up. The Federal Reserve then faces pressure to raise interest rates rather than cut them, and that reduces liquidity in the market.
Less liquidity is generally negative for risk assets, including crypto. XRP has not traded at these levels since a flash crash in February. The current decline reflects a market adjusting to the possibility that the conflict extends well beyond what was expected just days ago.
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Rietveld Sees Opportunity in the Decline
Despite the sharp drop, Rietveld did not characterize the situation as one without opportunity. He pointed to his proprietary trading indicator, which he says has generated buy and sell signals at key price levels over the past six months. According to Rietveld, a trader starting with $10,000 and following those signals could have nearly tripled their money in that period.
He noted that dips like the current one have historically triggered buy signals on his indicator, while moves into high resistance zones have generated sell signals. Investors buying the dip now could still make a profit.
The situation remains fluid. Iran has signaled it is not close to a resolution with the U.S., and markets are adjusting their expectations accordingly. XRP’s next move will likely depend on how the geopolitical situation develops in the days ahead.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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