XRP Warning: 10% Correction Threatens to Push Price Below $1 Again Amid Market Downturn

A sharp 10% correction has put XRP on the brink of falling below the critical $1 threshold once again, as Ripple's token faces intense selling pressure following rejection at $1.60. The downturn mirrors Bitcoin's failure to hold $75,000, triggering a market-wide retreat that has erased XRP's recent gains and reignited fears of deeper losses ahead.

Will XRP Dip Below $1?

XRP’s price fell to $1.16 earlier this year on Feb. 16. The asset has made a recovery since early February, but faces substantial resistance at around $1.60. Moreover, the asset seems to have some support at the $1.15-$1.20 price range. While the current market dip is concerning, it may not trigger a crash for XRP to dip below $1.

However, one should note that market across the spectrum are facing the brunt of the ongoing US-Iran conflict. There is a possibility of an escalation after Iran maintains the closure on the Strait of Hormuz. President Trump has said that he would retaliate if Iran does not reopen the strait. XRP and other crypto assets are likely suffering due to a spike in investor panic.

If the bearish trajectory continues and Bitcoin (BTC) falls below the $60,000 mark, we may have to brace ourselves for a big price dip. Such a scenario could pull XRP’s price below the $1 mark. However, BTC has some support at around $62,000, and may rebound from this price level.

According to CoinCodex analysts, XRP will not fall below the $1 mark, but do on expect it to experience a big price surge either. The platform anticipates XRP to continue trading above the $1.35 price level over the coming months, hitting $1.62 on June 11, 2026.