Is it Over for Ripple? Analysts Eye $1 XRP Price with this Key Breakdown Level
Is XRP Headed to $1? Traders Eye Critical Breakdown Level
Ripple (XRP) is one of the worst-performing major-cap tokens in this Monday afternoon trading session, after the XRP price tanked -6% overnight and is currently trading near $1.50.
This daily price action continues the pattern of the last six weeks, during which XRP has shed around -25% of its value so far in 2026, leaving traders anxiously watching the $1 psychological floor.
This breakdown threatens to invalidate the recent accumulation pattern, which has seen mostly positive flows from the various XRP ETFs, coupled with surging volume across exchanges.
Now, if the XRP price continues to drop and $1 edges closer, we could see mass capitulation from the Ripple community, as a scramble to offload will likely ensue, with fearful traders not wanting to be left holding the bag.
Is this Current XRP Price Action a Correction or a Cull?
The recent price action follows a sharp correction from the $2.36 high recorded earlier this year. While whales and institutions seem to see this as a buying opportunity, everyday retail investors are struggling to keep their heads above water.
Those whales and institutions have two things on their side: time and money. They can DCA (dollar-cost average) down, accumulating as much XRP as possible, while waiting for the market conditions to improve.
For the everyday investor, seeing their investment underwater can cause panic, leading many to sell at a loss. And with every capitulation, there will be a high-net-worth individual or institution ready to buy at a discount.
Amid this volatility, Ripple continues to build infrastructure, recently launching Ripple Treasury to streamline enterprise cash management, thereby adding fundamental value despite the bearish XRP price action of late.
However, as I noted in a recent piece on historical XRP price recoveries, dwindling liquidity and fragile market sentiment are leading XRP to test these lower price zones.
Is XRP Oversold or Breaking Down? What to Look Out For
From a technical standpoint, XRP’s chart shows signs of weakness: in 2026, it has already fallen below major moving averages, including the 50-day at $1.7613 and the crucial 200-day at $2.1624.
The Relative Strength Index (RSI) is low at 42.6, near oversold levels, which could indicate a potential short-term bounce.
Currently, XRP is testing support around $1.45. If this level fails, it may drop to the $1.25–$1.30 range, viewed as a prime accumulation zone. Conversely, resistance remains strong near the 20-day Exponential Moving Average (EMA) at $1.55.
Despite some speculative interest above $1.60, bears appear to control the market for now. Until the XRP price closes above $1.55- $1.60, we should expect further downside, especially if $1.45 fails to hold.
The next few days are critical. A confirmed close below $1.45 could trigger a drop toward $1, and while this move would take some time to play out, the lack of strong support zones between $1.25 and $1 makes it a real possibility.
If buyers step in to defend the current support level, a breakout above $1.55 could pave the way for a sustained upward move in XRP.
Yahoo Finance reported earlier this year that banking giant Standard Chartered had set an XRP price target of $8 by the end of 2026. Monitoring trading volume, coupled with ETF flows, will be essential for anyone trading the Ripple native token this year.
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