XRP fell below $1.10 for the first time since 2024, with analysts warning of the potential for another 23% drop, even as David Schwartz, Ripple’s CTO emeritus, revealed an ambitious roadmap for the XRP Ledger.
We analyze the price action, the bearish technical setup, and whether Schwartz’s new vision can realistically push the price higher.
XRP drops below $1.10: 23% decline still possible
The Ripple token has fallen approximately 4% over the past 24 hours and 18% over the past week, trading between $1.05 and $1.09 early on June 6, according to CoinGeckos. Data.
This puts XRP at approx 70% below all-time highs Close to $3.65 set in July 2025. This decline is in line with broader weakness across major crypto assets, including The price of Bitcoin recently fell below $60,000.
The decline was notably sharp for XRP. Traders report technical failures, where the price drifts below key regression bands on monthly charts and triggers automated selling across leveraged trading platforms around the world.
ChartNerdTA analyst highlighted that such moves historically target the middle regression range. This area is located around $0.84, which would mean an additional 23% downside from current levels if the bearish setup is fully executed.
“Over the past four months, XRP has spent most of its time hovering just above the upper regression band. That changed in June. The price is now drifting below $1.35, which historically points toward the middle regression band for a potential lower level ($0.84),” ChartNerd said.
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Meanwhile, Credible Crypto sees the move differently. He noted that local range lows have been reached and suggested that XRP could bounce in the short term before heading towards higher time frame demand areas, possibly falling below $1.
He views the correction as a healthy absorption of last year’s 7x move from sub-$0.50 levels. This framing reframes existing vulnerability As cyclical rather than structural for committed long-term holders to watch closely.
On-chain data also shows that large holdings are now at a loss, Approaching levels seen during previous bear market capitulations. With June being a historically challenging month for cryptocurrencies, the risk of a test of $0.84 is still very much on the cards.
“Absolute capitulation prints on the four-hour chart for $XRP as a new buy confirmation signal locks in right at the exhaustion count of 9. The relentless vertical cascade has crushed the RSI down into deep oversold conditions near 25 as price action tries to find a floor at the bottom,” one stockholder said. male.
Can Schwartz’s roadmap help raise the price of XRP?
Against this backdrop, David Schwartz, CTO Emeritus of Ripple and lead architect of the XRP Ledger, shared a forward-looking vision in his recent “XRP in a Minute” video, emphasizing the network’s evolution beyond payments.
Schwartz noted that companies They already use XRPL for tokenized assets. He expects rapid expansion in securities, stocks, money market funds, repurchase agreements and loans across institutional and retail channels.
He framed this as a clear bridge from Bitcoin’s native asset model to a broader ecosystem of issued assets. In his view, XRPL could eventually help DeFi replace traditional finance through institutional-led adoption that later attracts retail users.
“The XRP Ledger followed shortly after, offering both native digital assets, similar to Bitcoin, as well as issued assets that can represent things like stablecoins or token assets of any type.” male.
The timing is notable. Coding basics and institutional pilot projects show real promise, but have so far failed to isolate the network Ripple price From macro pressures and profit taking after last year’s strong rally across the broader market.
XRP ETFs are approved in late 2025 It has offered some structural support. However, it did not stop the current liquidation wave and risk-off sentiment dominates the global cryptocurrency markets across the daily sessions.
The disconnect between Schwartz’s roadmap and current price action highlights a familiar crypto dynamic. Technological progress does not always translate into an immediate rise in prices, especially during sharp corrections across the broader risk asset pool.
For now, the long-term thesis for XRP hinges on whether XRPL can acquire meaningful real-world assets and the scale of DeFi amid intense competition. Recovery will likely require broader market stability as well as tangible on-chain growth metrics to validate the promise of the roadmap.
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this post XRP drops to 2024 lows with 23% downside risk: Will Ripple’s Ex-CTO roadmap help boost the price? appeared first on BeInCrypto.
