Ripple's XRP token is once again in danger of slipping below the crucial $1 level. The coin went through a similar shock on June 6, 2026, when its price tumbled to $1.06. Back then, a bull run in the market helped XRP claw its way back up from just above $1, but that bounce proved short-lived. A fresh burst of volatility has rattled investors, and all eyes are now on what could happen next for the asset.
Will XRP Slide Below $1 or Stage Another Comeback
In early May this year, the crypto market managed a partial recovery. During that stretch, Bitcoin briefly pushed back above $82,000. XRP also recovered a little, but it ran straight into heavy resistance at $1.55, which is where its momentum stalled.
That recovery, however, did not hold. XRP has been drifting lower for several months now. The slide across the crypto market actually began in October 2025, as broader macro uncertainties started to build. The conflict between the US and Iran earlier this year only poured more fuel on the fire. The first wave of recent outflows came after CPI data revealed that inflation in the US had climbed to 4.2% in May 2026. That reading pushed the Federal Reserve to keep interest rates unchanged.
XRP's price took another hit once doubts crept in around the US-Iran peace deal. If that peace deal fails to hold, the Strait of Hormuz could be shut down once again. Such a move could trigger a fresh energy crisis. If oil prices spike, the economy is bound to come under even more strain. Inflation could climb higher, and the Federal Reserve may then decide to hike interest rates. XRP and other cryptocurrencies rank among the riskiest assets in the market, and these high-risk assets tend to suffer the most whenever rates are raised.
What the Road Ahead Could Look Like
Given how bearish the overall market mood is, there is a real chance that XRP keeps moving along its current downward path. The asset may find some support just above the $1 mark, but it could then get stuck in a sideways, range-bound trajectory.
