XRP slipped below $1.10 on Saturday for the first time since 2024, trading in a $1.05–$1.09 range on June 6. The token lost nearly 4% in 24 hours and 18% over the past week, dragged lower by Bitcoin's slide under $60,000 and a broader risk-off mood across crypto. XRP now sits about 70% below its all-time high of roughly $3.65 set back in July 2025.
Analysts split on what comes next
ChartNerdTA warned that if the current bearish setup plays out, XRP could fall another 23% to $0.84. That's a level not seen since late 2023. On the other side, Credible Crypto sees a potential short-term bounce before a possible dip below $1, calling the correction “healthy cyclical digestion.” Neither analyst offered a timeline, but the divergence highlights the uncertainty around where the bottom might be.
On-chain pain and a liquidation wall
On-chain data shows a growing chunk of XRP holdings are now in loss, approaching the kind of pain typical of prior bear-market capitulations. Meanwhile, the liquidation heatmap reveals $2.17 billion in short liquidations stacked above the current price — a massive wall at $1.35 remains untouched, suggesting shorts are still in control. If the price ever rallies toward that level, a short squeeze could blow through it, but that feels like a distant scenario right now.
Ripple CTO maps out XRPL expansion
Amid the price funk, Ripple CTO emeritus David Schwartz released an ambitious XRP Ledger roadmap in his “XRP in a Minute” video. He noted that enterprises are already using the XRPL for tokenized assets and projected expansion into tokenized securities, stocks, money market funds, repos, and loans. It's a long-term vision that has little bearing on today's price action but gives traders something to chew on beyond the daily red candles.
Spot ETFs haven't stopped the bleeding
Spot XRP ETFs were approved in late 2025 and were supposed to provide structural support. They have — but not enough to counter the risk-off sentiment that's swept the market this week. The funds offer a new pool of institutional demand, yet the current decline shows that even ETF flows can't defy gravity when macro and technical forces align against the asset.
The key level to watch now is the $1.00 psychological floor. If that breaks, the $0.84 target moves into sharper focus. If it holds, the short-squeeze potential from that $2.17 billion liquidation layer could flip the narrative fast. Either way, the weekend session will be telling.
