In the face of mounting bearish pressure and recent market-wide volatility, several prominent market commentators maintain a steadfast belief that XRP's price will not plummet back to sub-$1, or "cents," territory. This conviction persists even as the asset experiences short-term fluctuations, highlighting a broader confidence in its foundational market strength.
Market Turbulence and XRP's Recent Performance
The cryptocurrency market recently faced significant headwinds, triggered by escalating geopolitical tensions. Over the weekend of June 20-22, the global crypto market capitalization shed approximately $250 billion, dipping below the $3 trillion mark for the first time in over a month. This sell-off was largely attributed to investor anxiety following heightened conflicts in the Middle East.
XRP was not immune to this downturn. The asset's price fell below the critical $2 support level, a threshold it had maintained since mid-April, briefly touching a ten-week low around $1.90. While such movements naturally spark concern among investors, many analysts view this as a temporary retracement within a larger bullish context rather than the start of a sustained decline.
Expert Confidence Amidst the Dip
Community commentator Xena emerged as a vocal proponent of resilience. Sharing a snapshot of the price drop on social media platform X, she firmly asserted that XRP would not return to trading in the cents region. This belief is rooted in XRP's performance over the past several months.
A key milestone was reached in November 2024 when XRP decisively broke above the $1 level for the first time in three years. This breakout occurred during a period of renewed optimism across digital assets. Merely two weeks later, the asset surged further, reclaiming the $2 price point for the first time in seven years. Since that dramatic ascent, XRP has managed to hold well above the $1 mark, even during subsequent periods of market-wide correction and bearish consolidation throughout early 2025.
This consistent ability to maintain its value above key psychological support levels has bolstered confidence among long-term holders. The price has not revisited the $1 support level since initially breaking out, demonstrating a significant shift in its market structure and investor base.
Analyzing the Potential for a Deeper Drop
Despite the prevailing optimism, some analysts have pointed out potential bearish technical patterns. For instance, several months ago, market veteran Ali Martinez highlighted the development of a head-and-shoulders formation on XRP's daily chart. While such patterns often foreshadow a potential downward move, Martinez did not explicitly forecast a drop below $1, instead suggesting a possible retest of the $1 support zone.
Other, more pessimistic predictions have also surfaced but have yet to materialize. In December 2024, analyst IncomeSharks suggested a potential decline to as low as $0.60, positing that XRP could relinquish all its previous gains. However, the market has consistently defied this stark prediction, with XRP finding strong buying interest well above that level.
Investor Sentiment and Strategic Moves
The question of how investors would react to a hypothetical drop below $1 has been a topic of discussion. When posed with this scenario, Vandell Aljarrah, founder of Black Swan Capitalist, indicated that such a dip would be viewed not as a catastrophe, but as a strategic buying opportunity. This perspective is shared by a segment of the investment community that believes in the long-term fundamentals of XRP and sees short-term price weakness as a chance to accumulate more assets at a discount.
This "buy-the-dip" mentality underscores a fundamental belief in the asset's eventual recovery and growth, suggesting that any move toward $1 would be met with substantial demand, potentially cushioning the fall and catalyzing a quick rebound.
Frequently Asked Questions
Why do experts believe XRP won't drop below $1 again?
Experts base this belief on XRP's strong performance since late 2024. It broke above $1 after three years and has not retested that level since, establishing it as a new strong support base. The sustained trading activity well above $1 indicates a permanent shift in its valuation floor.
What was the main cause of the recent market crash affecting XRP?
The recent downturn was primarily triggered by geopolitical instability in the Middle East, which caused a broad spike in investor risk aversion. This led to a sell-off across global markets, including cryptocurrencies, erasing significant value in a short period.
How has XRP's market performance changed since late 2024?
Since breaking above $1 in November 2024, XRP's market structure has fundamentally improved. It achieved a seven-year high by reaching $2 shortly after and has demonstrated resilience by holding most of its gains during subsequent market corrections, a sign of increased investor confidence.
What is a head-and-shoulders pattern, and is it bearish for XRP?
A head-and-shoulders is a chart pattern that typically indicates a reversal of an uptrend. While one was spotted on XRP's chart months ago, the predicted significant downward move did not fully materialize, showing that fundamental and broader market factors can override technical predictions.
Should I consider buying XRP if it drops closer to $1?
Many long-term analysts and investors view any significant dip toward $1 as a potential accumulation opportunity. Their strategy is based on the belief that the asset's long-term value is substantially higher and that such price levels are temporary and undervalued. Always conduct your own research before making investment decisions. For those looking to monitor market movements closely, you can track real-time price analysis and trends.
What are the key support levels for XRP to watch?
The key immediate support level is the $2 psychological mark. A sustained break below could see the price move toward the next major support zone around $1.80. The $1 level remains the most critical long-term support, which analysts believe will be fiercely defended by buyers.