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XRP Price Prediction: Can the Bulls Defend $1.05 to Target $2?

XRP Price Prediction: Can the Bulls Defend $1.05 to Target $2?

XRP News
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XRP News
Release Time:
2026-06-09 16:44:16
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[TRADE_PLUGIN]XRPUSDT,XRPUSDT[/TRADE_PLUGIN]

#XRP

  • XRP tests critical support near $1.05 with bearish technical indicators, but MACD weakening may signal a potential reversal to avoid a drop to $0.1.
  • News flow is mixed: security upgrades and XRPL expansion offer long-term optimism, but short-term bearish warnings and 68% decline from peak dominate sentiment.
  • Reaching $2 requires a 77% gain; probable only with major catalysts like regulatory clarity, as current resistance at $1.2622 (20-day MA) must be broken first.

XRP Price Prediction

XRP Technical Outlook: Key Support Tested Amid Bearish Signals

According to BTCC financial analyst John, XRP is currently trading at $1.1262, significantly below its 20-day moving average of $1.2622, indicating a bearish short-term trend. The MACD reading (0.1041 | 0.0839 | 0.0203) shows positive but weakening momentum, as the histogram narrows. The Bollinger Bands reveal price has slipped below the middle band ($1.2622) and is nearing the lower band at $1.0734, suggesting the asset is under selling pressure but approaching a potential oversold bounce zone. John notes, 'XRP is testing critical support around the $1.05-$1.07 area. A breakdown below this level could accelerate losses, but historically, such zones have attracted accumulation.' The 68% decline from its 2025 peak underscores the severity of the correction, yet the narrowing MACD may hint at a trend reversal if buying volume emerges.

XRPUSDT

Mixed Sentiment: Security Upgrades vs. Bearish Warnings

BTCC financial analyst John interprets the latest news as a tug-of-war between bullish and bearish narratives. On the positive side, XRP’s native lending protocol passing military-grade security verification and the XRPL expansion into tokenized finance highlight growing utility. Additionally, the MVRV signal suggests an accumulation opportunity. However, negative headlines dominate: warnings of a potential drop to $0.1, accusations against the XRP team for Korean traders’ losses, and a 68% plunge from highs. John comments, 'The news flow is heavily bearish in the short term, with fear-driven selling overwhelming positive developments. However, the security upgrade and accumulation signals could attract long-term investors, potentially stabilizing price near current levels.' The defeat of bears at $1.05 indicates a failed breakdown, but the market remains fragile.

Factors Influencing XRP’s Price

XRP Native Lending Protocol Undergoes Military-Grade Security Verification

XRPL dUNL validator Vet has announced a significant security advancement for the upcoming XRP Ledger lending protocol. The protocol is now undergoing formal verification, a process typically reserved for high-stakes industries such as nuclear power, aerospace, and military software.

Ripple developers are leveraging these rigorous techniques to fortify the XRPL's growing native DeFi ecosystem. The move underscores the increasing institutional-grade scrutiny applied to blockchain infrastructure as decentralized finance matures.

XRP Bears Defeated at $1.05: Failed Breakdown or Short-Term Pause?

XRP bears attempted to drive prices below February lows but fell short of testing key weekly support levels. The failed breakdown raises questions about whether this marks a temporary setback or a more significant defeat for bearish momentum.

Market participants now watch for either a consolidation phase or renewed selling pressure. The $1.05 level remains a critical battleground for XRP's near-term price direction.

Wyckoff Analyst Warns of XRP's Disruptive Structure, Potential Drop to $0.1

XRP faces heightened volatility as a Wyckoff analyst identifies disruptive higher-timeframe patterns, signaling potential downside toward 2020 lows. The token's corrective phase intensifies amid broad market sell-offs.

The warning highlights structural fragility in XRP's price action, with the $0.1 level emerging as a critical threshold. Such a decline would erase nearly all gains from its 2021 rally.

Market sentiment sours as traders flee risk assets. XRP's underperformance mirrors sector-wide pressures, with no immediate catalysts to reverse the trend.

Pundit Accuses XRP Team of Contributing to Korean Traders' Losses Amid Price Decline

Market commentator Ryker has singled out the XRP team for allegedly exacerbating losses among South Korean traders through promotional activities. The accusations follow a notable downturn in XRP's market value, sparking debate over accountability in crypto marketing practices.

South Korea's retail investors appear disproportionately affected by the recent volatility. The incident highlights the global ripple effects of localized crypto market dynamics and influencer rhetoric.

XRP Faces Potential Worst-Case Bottom Price in June Amid Market Downtrend

EGRAG Crypto, a prominent analyst on crypto Twitter, has projected a worst-case-scenario bottom price for XRP this June. The ongoing market correction, according to EGRAG, has yet to reach its lowest point for the month.

Historical midterm year patterns suggest further downside potential for the digital asset, with traders closely monitoring key support levels. XRP's price action remains under scrutiny as broader market sentiment weighs on altcoin performance.

Ripple CTO Emeritus David Schwartz Responds with Crypto-Themed Poem on X

David Schwartz, CTO emeritus at Ripple, crafted a poetic rebuttal on X to a dismissive remark about his role, weaving in his technical expertise and contributions to the XRP Ledger. The verse highlighted his deep knowledge of payment networks, custody solutions, stablecoins, and decentralized exchanges.

Schwartz's response, framed as an ironic showcase of his credentials, touched on derivatives, tokenization, and bridge security. The post resonated with the XRP community, underscoring his pivotal role in pioneering the XRP Ledger.

XRP's MVRV Signal Suggests Accumulation Opportunity Amid Short-Term Losses

XRP's 30-day Market Value to Realized Value (MVRV) ratio has dipped to -8%, indicating short-term holders are underwater. Santiment data reveals this pattern often precedes accumulation phases, mirroring Bitcoin's historical behavior at -10% MVRV levels.

The technical signal coincides with growing regulatory clarity pressures in the U.S. and expanding real-world asset adoption on the XRP Ledger (XRPL). Market watchers interpret this as a potential inflection point where selling pressure may subside, creating favorable conditions for strategic positioning.

XRPL Expands into Tokenized Finance as Ripple CTO Highlights Evolving Utility

David Schwartz, Ripple's CTO emeritus, signaled a strategic pivot for XRP Ledger (XRPL) beyond payment settlements. The network now supports tokenized stocks, funds, and loans—positioning it as infrastructure for real-world asset (RWA) tokenization. This shift aligns with institutional demand for blockchain-based financial instruments.

Market viability hinges on issuer adoption and liquidity depth. While XRP's utility grows technically, its price dynamics may decouple from community speculation as regulated asset tokenization gains traction. The ledger’s compliance-ready architecture could appeal to traditional finance players exploring blockchain rails.

XRP Plunges 68% From 2025 Peak Amid Sustained Selling Pressure

XRP has collapsed to $1.14, marking a 68.5% decline from its July 2025 all-time high of $3.65. The asset now trades at its lowest level in 19 months, with weekly losses exceeding 11% and monthly declines approaching 19%.

Technical indicators suggest persistent weakness, with the $1.00 psychological level serving as critical support. Historical patterns show XRP has experienced four similar drawdowns exceeding 40% within six-month periods over the past five years. The current 46% six-month decline aligns with this established volatility.

Analysts note previous bear cycles lasted 400-790 days with 85-96% corrections. The current 350-day downturn has seen 71% declines from peak levels. Chart patterns suggest potential bottom formation between $0.70-$0.90 before year-end, with diminishing severity in successive cycles.

XRP Price: Down 68% From Its Peak — Is the Cycle Bottom Finally Close?

XRP has plummeted 68.5% from its July 2025 high of $3.65, now hovering near $1.14. The breakdown of the $1.27 support level has turned it into resistance, with analysts eyeing $0.90 as a potential accumulation zone. Whale activity shows conflicting signals—accumulation is rising, but tokenized asset volume has cratered by 59%.

Technical indicators paint a bearish picture. The RSI sits below 31, and the weekly chart shows a descending channel pattern. Historical data suggests XRP could see further downside; past cycles have featured drops of 85-96% over 400-790 days. The current correction, at 350 days and 71% down, may not yet be exhausted.

ChartNerd, who accurately called previous cycle lows, projects a floor between $0.70 and $0.90. The $1 psychological level remains critical—a breach could accelerate losses. XRP's volatility is nothing new; it has weathered four 40%+ drawdowns in the past five years alone.

Ripple Moves 50M XRP Amid XRPL Security Upgrade Preparations

Ripple transferred 50 million XRP ($59.14M) to an unknown wallet, drawing market attention as the XRP Ledger prepares for a formal verification security upgrade. The move coincides with development discussions around embedding financial logic into XRPL's base layer through upcoming Lending Protocols and Single Asset Vaults.

XRP price hovers near critical support at $1.09, with traders watching for a potential rebound toward $1.19-$1.27 resistance or further decline to $0.90. The transfer's timing suggests strategic positioning ahead of network enhancements that could strengthen XRP's institutional utility.

Question: Will XRP Price Hit $2?

Based on current data, XRP hitting $2 in the immediate short term faces significant hurdles. The technical setup shows price below key moving averages and near the lower Bollinger Band, with MACD momentum fading. Bearish news surrounding market downtrends and accusations adds pressure. However, a rally to $2 requires a 77% gain from $1.1262, which seems unlikely unless a major catalyst emerges—such as a favorable SEC ruling or massive adoption of XRPL’s tokenized finance. Below is a table of key support and resistance levels:

LevelPrice (USDT)Significance
Resistance 1$1.262220-day MA; initial hurdle
Resistance 2$1.4510Upper Bollinger Band; strong resistance
Support 1$1.0734Lower Bollinger Band; critical support
Support 2$1.0500Recent bear defeat level; must hold
Target for $2$2.0000Requires 77% rally; low probability short term

John concludes, 'While $2 remains a bullish target in the long-term cycle, the current bearish sentiment and technical weakness suggest it’s out of reach for now. A break above $1.2622 would be the first bullish signal, but until then, caution is warranted.'

Articles on this site are sourced from public networks or curated by AI for informational purposes only and do not represent BTCC’s views. Original rights belong to the respective authors. For copyright concerns, please contact [email protected]. BTCC assumes no liability for the accuracy, timeliness, or completeness of this information, and disclaims all liability arising from reliance on such content. This content is for reference only and should not be taken as investment, legal, or commercial advice.

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