XRP Crashes to $1.14 as Macro Risks Drive 22% Monthly Loss

XRP dropped to $1.14 on June 08, down 22% in one month as profit-taking and macro uncertainty grip crypto markets. The two-year U.S. Treasury yield climbed to 4.19%, its highest since February 2025, signaling growing bets on Fed rate hikes. This headwind hits risk assets like cryptocurrencies hard. Meyka rates XRPUSD a C+ with a 12-month target of $3.12, suggesting limited upside from current levels until macro conditions stabilize.

Technical Breakdown Signals Deeper Pain Ahead

XRP broke below its $1.27 support level and now trades near $1.14, with volume down 50% signaling weak conviction. The token fell 5.86% daily and 17.9% over five days. Analysts warn that without reclaiming support, XRP could fall toward $0.50, a 55% drop from current levels. The 50-day and 100-day moving averages show bearish alignment on monthly charts, triggering a pattern that historically precedes capitulation phases before rallies begin.

Macro Headwinds Outweigh Ripple Fundamentals

Rising Treasury yields and geopolitical tensions between Iran and Israel are driving the selloff, not Ripple-specific news. Bitcoin fell 14% last week and briefly dipped below $60,000. Oil prices jumped 3% on Iran-Israel conflict, rattling global markets. Ongoing SEC litigation against Ripple remains a volatility factor. Traders are watching for stronger volume and institutional demand to confirm any lasting recovery, but macro risk appetite remains the primary driver.

XRP Ledger Expansion Offers Long-Term Utility

Despite near-term weakness, Ripple’s XRP Ledger is evolving from a payment network to a platform supporting tokenized real-world assets like securities and loans. Stablecoin supply on XRPL surged from under $100 million in early 2025 to $762 million in 2026. Ripple Prime joined the DTCC’s tokenization initiative with over 50 major financial institutions, targeting a July 2026 launch. This institutional adoption could drive broader utility once macro conditions stabilize.

AI Forecasts Near-Term Stabilization Zone

ChatGPT analysis suggests XRP could stabilize and trade between $1.25 and $1.35 by June 10, 2026, supported by growing institutional adoption and ETF exposure. Key support sits near $1.15, with potential upside to $1.40 if sentiment improves. However, analysts like EGRAG CRYPTO warn that XRP may still face deeper correction before the actual rally begins, with macro targets ranging from $7 to mid-double digits once capitulation completes.

Final Thoughts

XRP trades at $1.14 with Meyka’s C+ grade and $3.12 yearly target reflecting limited near-term upside. Macro headwinds dominate, but long-term XRP Ledger expansion and institutional adoption provide foundation for recovery once risk appetite returns.

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The content shared by Meyka AI PTY LTD is solely for research and informational purposes.  Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.