XRP Falls 5% to $1.11 as Adoption Stalls, June 06

XRP fell 5% to $1.11 USD on June 06, extending a six-month decline of 46%. The token has lost 70% of its value since hitting $3.66 in mid-2025, despite growing adoption of Ripple’s payment network among banks. Meyka rates XRP a C+ with a 12-month target of $3.12, suggesting limited upside from current levels.

Price Collapse Continues Despite Network Growth

XRP trades at $1.11, down 5% today and 46% over the past six months. The token fell from a 2025 peak of $3.66 to near its 52-week low of $1.09. Daily volume reached 215 million coins, well above the 90-day average of 93.6 million. Technical indicators show extreme weakness: the RSI sits at 27.14 (oversold), and the CCI reads -190.50, signaling capitulation selling.

Banks Use the Network, Not the Token

Ripple’s payment system links more banks and financial institutions than any competing crypto network. The XRP Ledger adoption is real and growing across borders. Yet banks use the XRP Ledger but don’t buy XRP. This gap between network utility and token value has become the central problem for XRP investors in 2026.

Legal Wins Failed to Spark Recovery

Ripple settled its long-running SEC legal battle without major damage. The company gained access to exchange-traded funds and achieved regulatory clarity. Despite these wins, confidence lags behind progress. Institutional interest has grown quietly, but the price remains trapped near 52-week lows.

Technical Setup Signals Deeper Weakness

The 50-day moving average sits at $1.38, well above the current price. The 200-day average stands at $1.63, indicating a long-term downtrend. The Money Flow Index reads 19.50 (oversold), and the Awesome Oscillator shows -0.13, confirming bearish momentum. Meyka’s 12-month price target of $3.12 implies 181% upside, but near-term technical conditions suggest further downside risk remains.

Final Thoughts

XRP’s 70% decline from its 2025 peak reflects a disconnect between network adoption and token demand. With Meyka rating XRP a C+ and technical indicators deeply oversold, the risk-reward is unclear. Investors should wait for stabilization above $1.38 before considering entry.

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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.