Key Takeaways
- XRP has breached the $1.10 level for the first time since 2024, declining 18% over seven days
- Technical analyst ChartNerdTA projects a potential additional 23% decline targeting the $0.84 zone
- 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 a possible cup-and-handle formation pointing toward $3.65
- Despite spot XRP ETF approvals in late 2025 offering institutional infrastructure, the token continues facing selling pressure
XRP has plunged to price levels not witnessed since 2024, currently hovering in the $1.05 to $1.09 range following a nearly 4% decline over 24 hours and an 18% drop across the previous week, based on CoinGecko market data.
This downturn positions XRP approximately 70% beneath its record peak of roughly $3.65, achieved in July 2025. The sell-off aligns with widespread cryptocurrency market weakness, with Bitcoin also slipping under the $60,000 threshold.
Technical analyst ChartNerdTA identified a significant breakdown on monthly timeframe charts, noting that XRP has swept beneath its upper regression band positioned at $1.35. Based on historical patterns, such movements typically result in price testing the middle regression band, currently located around $0.84 — representing an additional 23% downside from present values.
“Over the last 4 months $XRP spent the majority of its time hovering just above its upper regression band. That changed in June. Price is now sweeping below ($1.35), which historically points towards the middle regression band for a potential low ($0.84),” ChartNerdTA said.
Blockchain analytics reveal that a significant percentage of token holders are currently holding positions at a loss, nearing levels observed during previous bear market capitulations. The Relative Strength Index on the 4-hour timeframe has descended to approximately 25, indicating deeply oversold conditions.
Schwartz Reveals Updated XRPL Strategy
Amid this market turbulence, David Schwartz — serving as Ripple’s CTO emeritus and among the original developers of the XRP Ledger — presented an updated strategic vision through his “XRP in a Minute” educational video series.
Schwartz emphasized that corporate entities are currently utilizing the XRPL for asset tokenization initiatives, forecasting growth into tokenized securities, equities, money market instruments, repurchase agreements, and lending products. He positioned the XRPL as a connecting layer between Bitcoin’s native asset architecture and a comprehensive ecosystem of issued digital assets.
“The XRP Ledger followed soon after, providing both the native digital asset, similar to Bitcoin, as well as issued assets that could represent things like stablecoins or tokenized assets of any kind,” Schwartz said.
Spot XRP exchange-traded funds, which received regulatory approval in late 2025, have introduced institutional-grade infrastructure but have proven insufficient to halt the ongoing liquidation cascade.
Extended Timeframe Technical Outlook
Market analyst Celal Kucuker detected a cup-and-handle chart pattern remaining intact on the monthly timeframe, with critical support zones established between $1.10 and $1.20. A decisive breakdown below this range could drive 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 consolidation base preceding its 800% rally in late 2024. This price zone is now being evaluated as a possible accumulation territory. Should support levels maintain, extended recovery objectives are positioned at $3.65, $5, and $10.
XRP was last exchanging hands near $1.07 on June 7, 2026.
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