XRP Plunges 68% From Peak as $1 Support Level Comes Into Focus

Key Takeaways

Table of Contents

XRP has plummeted 68.5% from its $3.65 all-time high recorded in July 2025, currently hovering around $1.14
Former support at $1.27 has been violated and transformed into a resistance barrier
Crypto analyst Ali Martinez identifies $0.90 as a critical level for potential long-term entry
Blockchain metrics present contradictory signals: whale addresses reach record highs while tokenized asset activity plunges 59%
Multiple technical indicators, including RSI under 31 and a bearish weekly structure, point to continued downward pressure

XRP is currently changing hands near $1.14, marking its weakest price point in approximately 19 months. The digital asset has surrendered 68.5% of its value since reaching an all-time high of $3.65 during July 2025.

The selloff has intensified in recent weeks. XRP shed 11.8% over the previous seven days and has declined nearly 18.9% across the past month.

Market participants are now focusing on the $1 threshold. This psychologically significant level represents the next critical support zone should current price floors fail to hold.

Deep corrections are nothing new for XRP. Throughout the past five years, the token has experienced four separate drawdowns exceeding 40% within six-month periods. The present 46% six-month decline aligns with this historical pattern.

Technical analyst ChartNerd, whose Gaussian Channel methodology successfully identified the prior three cycle bottoms, observes that XRP bear markets have historically extended between 400 and 790 days with declines ranging from 85% to 96%. He points out the current correction has only lasted approximately 350 days with a 71% drop from the July 2025 peak. His analysis suggests the present cycle floor lies between $0.70 and $0.90, with a bottom potentially forming before the year concludes.

Historical $XRP bear markets typically last 400-790 days with 85-96% drops. In 2026, we've only corrected for about 350 days, and are down just 71% from the July 2025 ATH.
The duration and % depth of these bears are diminishing over time, therefore the territory for marking a… pic.twitter.com/cNVRf1vDJH
— 🇬🇧 ChartNerd 📊 (@ChartNerdTA) June 8, 2026

Bearish Technical Structure Dominates

XRP has breached the $1.27 level, which previously functioned as a support floor and has now converted into overhead resistance. A temporary bounce to $1.14 occurred alongside a 44% contraction in trading volume, a combination that market analysts frequently interpret as insufficient buying strength.

The 14-day Relative Strength Index has dropped below 31, positioning XRP firmly in oversold conditions. The weekly MACD continues trading beneath the zero line. The Aroon Down metric registers 85.71% versus an Aroon Up reading of merely 35.71%, confirming sustained seller dominance.

The 200-day moving average rests at $1.6179, now representing a considerable resistance overhead. Should XRP close below $1.10 on a daily timeframe, the token could decline toward $1.09, and a breakdown below that level would expose prices beneath the $1 threshold.

Prominent cryptocurrency analyst Ali Martinez has highlighted $0.90 as his primary level of interest. In a June 7 statement, he remarked: “If price gets there, I think it could offer a compelling long-term buying opportunity.” Martinez’s observation underscores increasing analyst focus on the $0.90 to $1.00 corridor as a potential zone where strategic buyers might emerge.

I’m watching $0.90 closely on $XRP.
If price gets there, I think it could offer a compelling long-term buying opportunity. pic.twitter.com/KcYXI40Bcd
— Ali Charts (@alicharts) June 7, 2026

Blockchain Metrics Show Conflicting Trends

Not every data point indicates weakness. Over 25 million XRP tokens were withdrawn from exchanges in recent activity, a movement generally interpreted as accumulation behavior. Binance deposit flows recorded their lowest level of 2026 this week. The count of whale wallet addresses climbed to an unprecedented 332,230.

Conversely, fundamental metrics for the XRP Ledger have deteriorated. Transfer volume for tokenized assets on XRPL contracted 59% over a 30-day period to $54.1 million. The aggregate value of tokenized assets on XRPL decreased 11% to $384.5 million. XRPL’s portion of the tokenized asset ecosystem currently stands at slightly above 1%.

Stablecoin transfer activity on XRPL surged 118% to $4.5 billion, while the population of real-world asset holders on the network expanded 275% to 105 participants.

The upcoming significant macroeconomic catalyst is the US Consumer Price Index release scheduled for June 10, 2026.