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XRP price drops nearly 17% in June, targeting below $1 amid bearish trend and Bollinger Bands breakdown.

Technical Signals
23 Jun 2026
UToday
View Source
Bearish
pluang ai news

XRP has experienced a significant decline of 16.98% in June, driven by a breakdown in the monthly Bollinger Bands indicator that now points to a price target below $1. This drop follows a prolonged period of low volatility and consolidation, with sellers taking control after XRP fell below its 20-month moving average of $2.06. The key support zone around $1.05–$1.10 is currently the last defense for bulls, supported by steady inflows into spot XRP ETFs. However, if the price closes below $1 for June, a further decline toward $0.92–$0.96 is expected, marking one of XRP's worst periods in recent years amid ongoing regulatory uncertainties in the U.S.

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