XRP has recently plunged to its lowest price since 2024, trading between $1.05 and $1.09 after a sharp decline of nearly 4% in the last 24 hours and a staggering 18% over the past week, according to data aggregated from leading cryptocurrency platforms.
This downturn places XRP approximately 70% below its all-time high of around $3.65, which was achieved in July 2025. The recent price drop mirrors a broader trend of weakness across the cryptocurrency landscape, with Bitcoin also falling below the $60,000 mark.
Analyst ChartNerdTA has highlighted a concerning technical breakdown occurring on XRP’s monthly charts. The cryptocurrency has slipped below its upper regression band, historically a signal that precedes a test of the middle regression band, currently estimated at around $0.84. This suggests a possible further decline of 23% from its current levels.
“Over the last four months, XRP spent most of its time hovering just above its upper regression band. That changed in June, as the price swept below the $1.35 mark, indicating a potential drop towards the middle regression band of $0.84,” noted ChartNerdTA.
On-chain metrics indicate that a significant number of XRP holders find themselves underwater, reminiscent of conditions seen during previous bear market sell-offs. The Relative Strength Index (RSI) on the four-hour chart has dipped to around 25, placing XRP firmly in oversold territory.
New Directions for the XRP Ledger
Amid these market challenges, Ripple’s CTO emeritus David Schwartz has unveiled a fresh roadmap for the XRP Ledger in his “XRP in a Minute” video series. Schwartz asserted that enterprises are increasingly utilizing the XRP Ledger for tokenized assets, with a vision for expansion into tokenized securities, stocks, money market funds, repos, and loans. He positions the XRP Ledger as a critical bridge between Bitcoin’s asset model and a more expansive ecosystem of issued assets.
“The XRP Ledger followed shortly after Bitcoin’s introduction, providing both a native digital asset and the functionality for issued assets that can represent anything from stablecoins to tokenized assets,” Schwartz explained.
The approval of spot XRP ETFs in late 2025 has provided some structural support for the market; however, this has not been sufficient to halt the ongoing wave of liquidations.
Long-Term Perspectives
Analyst Celal Kucuker has identified an active cup-and-handle formation on XRP’s monthly chart, with key support levels ranging between $1.10 and $1.20. A breach of these levels could see XRP testing the critical 0.236 Fibonacci retracement level at $0.95.
CryptoPatel has pointed out that the $0.40 to $0.95 range served as a solid base for XRP before its remarkable 800% surge in late 2024, suggesting this area could act as a potential accumulation zone. If this support holds, long-term recovery targets could be set at $3.65, $5, and even $10.
“While $XRP’s current price feels daunting at $1 due to a 71% drop from its all-time high, history shows that markets reward those who invest in uncomfortable positions rather than safe ones. As retail investors panic, smart money is quietly seizing the opportunity to build positions,” tweeted CryptoPatel.
As XRP trades around $1.07 on June 7, 2026, the market is poised for critical developments, with analysts keeping a close eye on the evolving landscape and potential recovery trajectories.
