Key Takeaways
- XRP has plunged beneath $1.10, marking its first time at these levels since 2024, with an 18% weekly decline
- Technical analyst ChartNerdTA projects a potential 23% additional decline toward $0.84
- David Schwartz, Ripple’s CTO emeritus, presented a fresh XRP Ledger strategy emphasizing tokenization of real-world assets
- Chart watchers identify critical support near $0.95 and a cup-and-handle formation suggesting eventual recovery to $3.65
- Despite spot XRP ETF approvals in late 2025 offering institutional infrastructure, selling pressure persists
XRP has plummeted to its weakest levels observed since 2024, currently hovering in the $1.05–$1.09 range following a nearly 4% decline over 24 hours and an 18% weekly downturn, per CoinGecko statistics.
This downturn positions XRP approximately 70% beneath its record peak of roughly $3.65, achieved in July 2025. The selloff has unfolded amid widespread cryptocurrency market weakness, with Bitcoin also sliding under $60,000.
Technical analyst ChartNerdTA identified a significant breakdown on monthly timeframes, observing XRP sweeping beneath its upper regression band positioned at $1.35. Historical patterns suggest such movements typically result in tests of the middle regression band, currently located around $0.84 — representing a potential 23% further descent from present prices.
“Throughout the past 4 months $XRP has predominantly traded just above its upper regression band. June brought change. Price action is now sweeping beneath ($1.35), which historical data suggests points to the middle regression band as a probable low ($0.84),” ChartNerdTA explained.
Blockchain analytics reveal that a substantial percentage of holders are currently experiencing unrealized losses, nearing thresholds witnessed during previous bear market capitulations. The 4-hour Relative Strength Index has plummeted to approximately 25, indicating deeply oversold conditions.
Schwartz Presents Updated XRPL Vision
Amidst this market turbulence, David Schwartz — Ripple’s CTO emeritus and a founding creator of the XRP Ledger — unveiled an updated strategic vision through his “XRP in a Minute” video content.
Schwartz emphasized that corporate entities are currently leveraging the XRPL for tokenized asset applications, forecasting growth into tokenized securities, equities, money market instruments, repurchase agreements, and lending products. He positioned the XRPL as a connector between Bitcoin’s native asset framework and an expansive ecosystem of issued digital assets.
“The XRP Ledger emerged shortly afterward, delivering both the native digital asset, comparable to Bitcoin, along with issued assets capable of representing items like stablecoins or any variety of tokenized assets,” Schwartz stated.
Spot XRP exchange-traded funds, which received approval in late 2025, have contributed some institutional foundation but have failed to halt the ongoing liquidation cascade.
Extended Timeframe Chart Analysis
Analyst Celal Kucuker detected a cup-and-handle pattern that remains viable on monthly charts, with crucial support zones situated between $1.10 and $1.20. A breakdown beneath this range could trigger a test of the 0.236 Fibonacci retracement level at $0.95.
CryptoPatel observed that the $0.40–$0.95 range served as XRP’s consolidation zone preceding its 800% rally in late 2024. This area is now considered a prospective accumulation territory. Should support levels maintain, long-term upside objectives include $3.65, $5, and $10.
XRP was last recorded trading near $1.07 on June 7, 2026.
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