XRP suffered a 16.98% drop in June, prompting a decisive breakdown on its monthly TradingView chart.
Technical Shift on the Monthly Chart
After three months of tight consolidation, the Bollinger Bands that had squeezed into a narrow corridor during the spring have now widened sharply to the downside. The lower band, which previously hovered near the mid‑range, has become the primary price reference for the market. Meanwhile, the middle line—representing the 20‑month simple moving average—remains anchored at $2.06, well above current trading levels.
Price Targets and Market Sentiment
Since XRP slipped below the $2.06 threshold from the upside, sellers have taken full control, driving the price toward the $0.92 lower boundary that now functions as a strong magnet. Technical models suggest that this magnetism could push the coin’s price beneath the $1 psychological level, drawing further downside targets. Investors are closely watching the area around $0.92, as it may dictate the next phase of the crypto’s trajectory.
Outlook for the Rest of 2026
The first half of 2026 has proved challenging for XRP holders, with January and February closing deep in negative territory. A brief rally in April was erased by a spring‑time slide that extended the bearish trend established at the start of the year. Analysts agree that any realistic recovery to the $2 mark must first test buyer resilience and order density below the $1 psychological barrier.