XRP fell below $1.10 for the first time since 2024, trading at $1.05-$1.09 on June 6, down 4% in 24 hours and 18% over the past week. The token is now roughly 70% below its all-time high near $3.65 set in July 2025. The decline is part of broader weakness across major crypto assets, with Bitcoin sliding below $60,000. Analyst ChartNerdTA highlighted a technical breakdown on monthly charts, with price sweeping below key regression bands. Historically, such moves target the middle regression band around $0.84, implying a potential further 23% drop. However, Credible Crypto views the correction as healthy digestion of last year's 7x move from sub-$0.50 levels, suggesting a possible short-term bounce before further downside. On-chain data shows significant holdings in loss, approaching levels seen during prior bear markets. The liquidation heatmap reveals $2.17B in short liquidations stacked above price, with a massive yellow wall at $1.35 still untouched. Amid the price slump, Ripple's CTO emeritus David Schwartz unveiled an ambitious XRP Ledger roadmap focused on tokenization and enterprise adoption, including tokenized securities, stocks, money market funds, repos, and loans. However, the roadmap has failed to insulate XRP from macro pressures and profit-taking. Spot XRP ETFs approved in late 2025 have offered structural support but have not stemmed the current sell-off. The disconnect between technological progress and price action highlights a classic crypto dynamic.

Key facts

• XRP dropped below $1.10 for the first time since 2024, down 4% in 24 hours.
• Analyst ChartNerdTA warns of a potential further 23% decline to $0.84.
• Credible Crypto sees correction as healthy digestion of last year's 7x rally.
• On-chain data shows significant holdings in loss, near bear market capitulation levels.
• Ripple's CTO emeritus Schwartz unveiled an XRPL roadmap focused on tokenization.

KeyAudit data perspective