XRP traded at $1.20 on Wednesday, June 17, 2026, correcting for a second consecutive session after Monday’s rally above $1.29 was rejected at the lower edge of the range the token broke down from earlier this month.
The move puts the Ripple-linked token, XRP, roughly 4% lower on the day and keeps it inside a structural downtrend that has framed the chart since the $3.65 cycle high in October 2025.
In this article I am answering the question why XRP is going down today and how low the XRP price can go in the next weeks.
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XRP Technical Analysis: The $1.29 Rejection
Monday’s session rejected the consolidation XRP traded inside through the start of June, and the token is now testing the lower edge of that box, between $1.28 and $1.31, as resistance.
My chart shows a clean polarity flip: the boundary that held as a floor now caps price, and the 50-day EMA sits directly on that level, reinforcing it. That confluence is why the $1.29 test failed.
In 15+ years overall as a trader and analyst, with 10 years specifically at FinanceMagnates.com, I treat a failed reclaim of a broken range as confirmation rather than noise, a pattern I flagged repeatedly on my analyst page.
The same setup played out in my February analysis of XRP’s decline, when an 8% spike to $1.66 gave everything back within a session.
Below spot, XRP holds a support zone marked by $1.14, the February low, and $1.07, the early-June low. The $1.07 print is the lowest level of 2026 and the lowest since November 2024, as the daily chart below shows.
The main daily trend stays clearly bearish, and a daily close under $1.07 confirms the breakdown.
Weekly View: XRP Below the 200-Week EMA
On the weekly timeframe, XRP trades below the 200-week moving average, which keeps the medium-term trend bearish as well. Below the $1.07 support sits the next major zone, drawn from 2023 and 2024.
It begins near $0.93, the March 2022 peaks retested in July 2023, and extends down to $0.76, the March 2024 highs. Price chopped sideways under those levels for months before the November 2024 breakout, which makes the band a credible magnet on a support break.
From $1.20, that zone sits 23% to 36% lower, depending on whether the move targets the top or the base of the band. The downside potential on a break of local support is therefore substantial. An upside close back above $1.31 would reopen the $1.51 to $1.57 ceiling that has capped every rally this year.
Why Is XRP Falling This Week?
The selling is macro before it is XRP-specific. Bitcoin’s weakness has dragged the broader market, with crypto investment products shedding roughly $4.3 billion across 13 sessions of net outflows into mid-June. Traders are also de-risking into the FOMC, where a hawkish projection from Warsh’s first meeting would lift the dollar and pressure risk assets.
The CLARITY Act limbo compounds it. The bill sits on the Senate calendar after the June 1 committee report, but leadership has not scheduled a floor vote, the White House July 4 signing target now looks tight, and Galaxy Digital puts 2026 passage odds near 60%. As I noted in my recent piece on viral XRP targets, regulatory wins alone have not sustained a bid this year.
Paul Howard, Senior Director at Wincent, framed earlier weakness as “an opportunity for accumulation and strategic positioning” ahead of the May markup. That accumulation thesis has not translated into price, which is the core problem for XRP bulls right now.
The drivers behind this week’s slide:
Bitcoin-led risk-off, with crypto ETFs shedding about $4.3 billion over 13 sessions De-risking into the June 17 FOMC and Warsh’s first dot plot CLARITY Act floor vote still unscheduled despite the July 4 target A confirmed resistance flip at $1.28-$1.31 reinforced by the 50-day EMAInstitutional Flows: Whales Accumulate as Price Slides
The flow data cuts against the price. Spot XRP ETFs have pulled in roughly $1.43 billion since their November 2025 launch, with May setting a monthly record near $131.94 million.
On-chain, more than 25 million XRP has moved off exchanges and whale addresses hit a record 332,230, a divergence that points to accumulation beneath the bearish tape. That same tension shows up at the index level, where FM Intelligence’s base case for Bitcoin pins a $95,000 to $130,000 band on CLARITY passage while spot trades far below it.
How Low Can XRP Go? XRP Price Predictions
Forecasts for XRP span an unusually wide range, and the table below pairs each with my own read.
Standard Chartered’s Geoffrey Kendrick holds an $8.00 end-2026 target, contingent on CLARITY passage and $4 billion to $8 billion in ETF inflows, a path that needs a catalyst the calendar is not delivering, so I treat it as a 2027 story at best.
The 24/7 Wall St Monte Carlo base case of $1.26 to $1.46 assumes range-bound trade, which my chart only validates while $1.07 holds. Its $1.00 downside, pinned at 35% probability if the bill stalls, lines up closely with my own structural read.
Several analysts flag $0.87 to $0.92 as the next support on a daily close below $1.09, which sits inside the upper half of my target zone.
My measured target from the 2023-2024 supply band is the $0.93 to $0.76 zone, 23% to 36% below spot, and it is the level I am watching if local support breaks, a thesis consistent with my March analysis and its $0.53 ultra-bearish extension.
FAQ, XRP Price Analysis
Why is XRP falling today?
XRP fell to $1.20 on June 17, 2026, a second straight down session after Monday’s rally to $1.29 was rejected. The slide is mostly macro: Bitcoin weakness, roughly $4.3 billion in crypto ETF outflows over 13 sessions, and de-risking into the Federal Reserve’s rate decision. The stalled CLARITY Act floor vote removed the near-term bullish catalyst that bulls expected this month.
How low can XRP go?
On my chart, immediate support sits at $1.14 and $1.07, the lowest level since November 2024. A daily close below $1.07 opens the 2023-2024 supply zone between $0.93 and $0.76, which is 23% to 36% below the current $1.20. Other analysts flag $0.87 to $0.92 as interim support inside that band on a break of $1.09.
What is XRP’s key resistance level?
The $1.28 to $1.31 zone is the level to beat. It was the floor of XRP’s recent consolidation and now acts as resistance after the breakdown, reinforced by the 50-day EMA on the same boundary. Monday’s rejection at $1.29 confirmed the flip. A daily close back above $1.31 would be the first sign the bearish structure is weakening.
Will the CLARITY Act push XRP higher?
It could, but timing is the problem. The bill cleared the Senate Banking Committee 15-9 on May 14 and sits on the Senate calendar, yet no floor vote is scheduled and the July 4 signing target looks tight. Galaxy Digital puts 2026 passage near 60%. Each missed deadline this year has triggered a sell-the-news reaction rather than a sustained rally.
What is the XRP price prediction for 2026?
Forecasts range widely. Standard Chartered targets $8.00 by year-end if CLARITY passes and ETF inflows accelerate. A 24/7 Wall St Monte Carlo model sees a $1.26 to $1.46 base case with a $1.00 downside if the bill stalls. My own chart targets the $0.93 to $0.76 zone on a break of $1.07, given the bearish daily and weekly structure.
This article was written by Damian Chmiel at www.financemagnates.com.TrendingRead More
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