XRP Price Down 70% From High — What Analysts Predict Next
07 Jun 2026 · 10:23 UTC · CoinCentral RSS Feed · Original source
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Summary
XRP price fell below $1.10 for the first time since 2024, declining 18% over one week. Technical analyst ChartNerdTA warns of potential further decline to $0.84, representing an additional 23% downside. Ripple's CTO emeritus David Schwartz announced a new XRP Ledger roadmap focused on tokenized real-world assets (RWA). Long-term technical analysts identify strong support at $0.95 and anticipate a potential cup-and-handle pattern formation, suggesting consolidation before potential recovery.
Why it matters
The analysis rests on three mechanisms: (1) Technical deterioration—XRP's 70% decline indicates weakening buyer conviction; analyst warnings of further downside create self-reinforcing selling pressure that spreads to correlated alts. (2) Sentiment cascade—Altcoin weakness typically triggers margin liquidations and risk-reduction across the sector. (3) Fundamental offset—The XRP Ledger roadmap introduction (tokenized RWA focus) provides positive long-term narrative that stabilizes sentiment and reverses bearish momentum over weeks to months. Key assumptions: support at $0.95 holds partially, roadmap execution restores confidence, broader macro conditions permit recovery. Uncertainties include whether the analyst's $0.84 target materializes, timing of sentiment reversal, and impact of unrelated macro events (Fed policy, economic data). Bitcoin's limited direct exposure reflects its macro-dominated price dynamics; altcoin correlation remains high but secondary to individual fundamental drivers. Historical precedent suggests altcoin weakness reverses upon positive development announcements, though technical breaks can persist longer than expected.
Expected impact
XRP's sharp 18% weekly decline and 70% pullback from 2024 highs creates mixed market signals. Technical analyst ChartNerdTA warns of an additional 23% downside to $0.84, likely triggering selling pressure across the altcoin sector in the near term (hours to days). Broader altcoin sentiment deteriorates as investors reassess risk exposure, with potential liquidation cascades. However, Ripple's announced XRP Ledger roadmap focused on tokenized real-world assets provides fundamental support that gradually offsets bearish technicals. Technical support at $0.95 offers stabilization potential. Bitcoin remains largely insulated from direct impact, though risk-off sentiment could cause mild spillover. Medium-term (weekly), the narrative transitions from pure technical weakness to mixed signals as the roadmap gains attention. Longer-term (monthly), fundamental developments provide tailwinds for recovery, with potential for cup-and-handle consolidation patterns preceding rallies.