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XRP Drops to 2024's Lowest Level with 23% Downside Risk: Will Ripple's Ex-CTO Roadmap Help Boost Prices?

XRP Falls Below US$1.10 for the First Time Since 2024, Analysts Warn of Further Decline Up to 23%, Despite Ripple Emeritus CTO David Schwartz Revealing Ambitious XRP Ledger Roadmap

We will discuss price movements, bearish technical setups, and whether Schwartz's new vision can realistically lift XRP prices.

XRP Falls Below US$1.10: 23% Drop Still Possible

Ripple token drops nearly 4% in the last 24 hours and 18% over the past week, with prices trading in the range of US$1.05–US$1.09 in the morning of June 6, according to data from CoinGecko.

Currently, XRP is about 70% below its all-time high around US$3.65 reached in July 2025. This decline aligns with significant weakness across major crypto assets, including Bitcoin, which recently fell below US$60,000.

The drop in XRP is quite sharp. Traders highlight a technical breakdown, where the price broke below the main regression band on the monthly chart, triggering automatic sell orders across leverage trading platforms worldwide.

ChartNerdTA analyst notes that such movements historically target the middle regression band. This zone is around US$0.84, meaning there is potential for a further 23% decline from current levels if this bearish setup fully plays out.

“Over the past 4 months, $XRP has mostly stayed above its upper regression band. This changed in June. Currently, the price is starting to break below (US$1.35), which historically points toward the middle regression band as a potential low level (US$0.84),” said ChartNerd.

Meanwhile, Credible Crypto sees this movement differently. He mentions that the price has already broken below its local lower level and suggests XRP could rebound in the short term before possibly sliding into a higher time frame demand zone, even dropping below US$1.

He views this correction as a healthy adjustment from the impulsive rally that surged 7x last year from below US$0.50. This perspective considers the current weakness as a natural cycle, not a structural problem for long-term holders who are still closely monitoring.

On-chain data also shows many holders are now in loss, approaching levels seen during previous bear market capitulation. With June often a tough month for crypto assets, the risk of testing US$0.84 remains high.

“Major capitulation appears on the 4-hour chart $XRP when buy confirmation signals are locked in at the 9th exhaustion count. This relentless vertical correction has pushed RSI into deep oversold territory around 25, while the price is trying to find a floor in the lower area,” explained one holder.

Can Schwartz’s Roadmap Lift XRP Prices?

In this environment, David Schwartz, Ripple’s emeritus CTO and chief architect of XRP Ledger, shared his forward-looking vision in his latest “XRP in a Minute” video, highlighting the evolution of this network beyond just payments.

Schwartz stated that the company has started using XRPL for tokenized assets. He predicts rapid expansion into securities, stocks, money market funds, repos, and loans, both in institutional and retail sectors.

He describes this as a bridge from the native Bitcoin asset model toward a broader ecosystem with issued assets. For Schwartz, XRPL can help gradually replace traditional finance through decentralized finance adoption, starting with companies and then attracting retail users.

“XRP Ledger came shortly after, introducing native digital assets like Bitcoin, as well as issued assets that can represent things like stablecoins or any tokenized assets,” he explained.

The timing is very interesting. The fundamentals of tokenization and institutional testing show real potential, but so far, they haven't been able to shield XRP’s price from macroeconomic pressures and profit-taking after last year's massive rally across the crypto market.

An approved spot XRP exchange-traded fund (ETF) by the end of 2025 has provided some structural support. However, this ETF has yet to stop ongoing liquidation flows and the risk-off sentiment currently dominating the global crypto market daily.

The divergence between Schwartz’s roadmap and current price movements reflects a common dynamic in the crypto world. Technological progress doesn’t always translate immediately into price gains, especially during sharp corrections in risky assets broadly.

For now, XRP’s long-term thesis depends on whether XRPL can attract significant real-world asset and DeFi volume amid increasing competition. Recovery likely requires broader market stability and tangible on-chain growth to fulfill the promises made in the roadmap.