XRP has fallen to its lowest price in over 19 months, breaching key support levels and threatening a drop below the critical $1.00 psychological threshold. An AI analysis suggests the token could face further declines to $0.90 or lower if bearish conditions persist, though a historical precedent for a relief rally in June remains a possibility.
XRP dropped below $1.10 on Friday, marking a 19-month low as the broader cryptocurrency market experienced significant declines. The cross-border token is now testing its last major defense above the crucial $1.00 level.
The popular AI solution’s new version noted that the most realistic first bearish target sits at $0.90 if XRP dumps below $1.00 soon. This would represent another 18%-20% decline and likely coincide with continued market weakness.
Even lower targets were outlined if bulls fall out completely, with a more bearish option seeing the asset dumping to $0.75-$0.80. A capitulation scenario envisions a drop to $0.60, but this remains a low-probability outcome.
“For XRP to collapse that far, investors would likely need to face a combination of macroeconomic turmoil, a broader crypto bear market, and the disappearance of key bullish narratives such as ETF optimism and institutional adoption,” the AI platform noted. The analysis also offered a different viewpoint, suggesting XRP could be approaching conditions favorable for a relief rally.
Basing its projection on historical developments, especially for previous Junes during US midterm election years, it explained that pessimism often preceded major recoveries. Consequently, it outlined a possible quick rebound to $1.25 and even $1.40 if buyers successfully defend the $1.05-$1.10 support region.
