Key Takeaways
- XRP has plunged beneath $1.10, marking its lowest level since 2024 with an 18% weekly decline
- Technical analyst ChartNerdTA projects a potential 23% additional decline toward the $0.84 level
- David Schwartz, Ripple’s CTO emeritus, revealed an updated XRP Ledger strategy emphasizing real-world asset tokenization
- Technical analysts identify crucial support near $0.95 with potential cup-and-handle formation targeting $3.65
- Despite spot XRP ETF approvals in late 2025 offering structural backing, the current downturn persists
XRP has plummeted to its weakest levels witnessed since 2024, currently hovering in the $1.05–$1.09 range following a nearly 4% decline over the last 24 hours and an 18% slide across the previous seven days, based on CoinGecko market data.
This sharp downturn positions XRP approximately 70% beneath its record peak of roughly $3.65, which was established in July 2025. The selloff has coincided with widespread cryptocurrency market weakness, exemplified by Bitcoin’s descent below the $60,000 threshold.
Technical strategist ChartNerdTA identified a critical technical failure on monthly timeframes, observing that XRP breached below its upper regression channel at $1.35. Based on historical patterns, such movements typically result in price action gravitating toward the middle regression band, currently positioned around $0.84—representing an additional 23% downturn from present valuations.
“Throughout the past 4 months $XRP remained predominantly above its upper regression band. June brought a shift. Price has now breached below ($1.35), which historical precedent suggests could lead to the middle regression band as a probable low ($0.84),” ChartNerdTA explained.
Blockchain analytics reveal a substantial percentage of token holders are currently facing unrealized losses, nearing thresholds observed during previous bearish market cycles. The Relative Strength Index on the 4-hour timeframe has collapsed to approximately 25, indicating deeply oversold conditions.
Schwartz Reveals Updated XRPL Strategy
Amidst this market turbulence, David Schwartz—Ripple’s CTO emeritus and a founding developer of the XRP Ledger—presented 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, and anticipated growth into tokenized securities, equities, money market instruments, repurchase agreements, and lending products. He positioned the XRPL as a connectivity layer between Bitcoin’s native asset framework and a comprehensive ecosystem of issued digital assets.
“The XRP Ledger emerged shortly thereafter, delivering both the native digital asset, comparable to Bitcoin, alongside issued assets capable of representing instruments like stablecoins or any variety of tokenized assets,” Schwartz articulated.
Spot XRP exchange-traded funds, which received approval in late 2025, have contributed some foundational support but have proven insufficient to halt the ongoing liquidation cascade.
Extended Timeframe Technical Analysis
Market analyst Celal Kucuker identified a cup-and-handle formation that remains viable on the monthly chart, with critical support zones situated between $1.10 and $1.20. A decisive breakdown below this area could propel XRP toward testing the 0.236 Fibonacci retracement level at $0.95.
CryptoPatel observed that the $0.40–$0.95 range served as XRP’s foundational base preceding its 800% rally in late 2024. This zone is presently regarded as a possible accumulation territory. Should support levels maintain, extended recovery objectives are positioned at $3.65, $5, and $10.
XRP was exchanging hands near $1.07 as of June 7, 2026.
