XRP Plunges to 2024 Lows With Risk of a 23% Drop: Will Ripple’s Ex-CTO Roadmap Help Boost the Price?

XRP dropped below $1.10 for the first time since 2024, with analysts warning of a possible further 23% decline, even as Ripple’s CTO emeritus David Schwartz unveiled an ambitious XRP Ledger roadmap.

We break down the price action, the bearish technical setup, and whether Schwartz’s new vision can realistically lift the price.

XRP Plunges Below $1.10: 23% Drop Still Possible

The Ripple’s token fell nearly 4% in the past 24 hours and 18% over the past week, trading between $1.05-$1.09 early on June 6, according CoinGeckos’s data.

That puts XRP roughly 70% below its all-time high near $3.65 set in July 2025. The drop aligns with broader weakness across major crypto assets, including Bitcoin’s recent slide below $60,000.

The decline has been notably steep for XRP. Traders point to technical breakdowns, with the price sweeping below key regression bands on monthly charts and triggering automated selling across leveraged trading platforms worldwide.

Analyst ChartNerdTA highlighted that such moves historically target the middle regression band. That zone sits around $0.84, which would mean a further 23% drop from current levels if the bearish setup plays out fully.

“Over the last 4 months $XRP spent the majority of its time hovering just above its upper regression band. That changed in June. Price is now sweeping below ($1.35), which historically points towards the middle regression band for a potential low ($0.84),” ChartNerd said.

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Meanwhile, Credible Crypto sees the move differently. He noted that local range lows have been taken and suggested XRP could bounce in the short term before potentially heading toward higher-time frame demand zones, possibly dipping below $1.

He views the correction as a healthy digestion of last year’s impulsive 7x move from sub-$0.50 levels. That framing reframes the current weakness as cyclical rather than structural for committed long-term holders watching closely.

Local range lows on $XRP have been taken. Would make some sense for a move to range highs assuming we get some relief across the board but I would be very cautious if/when we get that move because XRP/BTC still sits some 30% above my downside target so I don't quite think this… https://t.co/778YN1l75I pic.twitter.com/4EaTFkyWVH

— CrediBULL Crypto (@CredibleCrypto) June 5, 2026

On-chain data also shows significant holdings now in loss, approaching levels seen during prior bear market capitulations. With June historically challenging for crypto, the risk of testing $0.84 remains firmly on the table.

“Absolute capitulation printing on the $XRP 4h chart as a fresh buy confirmation signal locks in right at the 9 exhaustion count.​ The relentless vertical cascade has crushed the RSI down into deep oversold conditions near 25 while price action attempts to find a floor in the low,” one holder noted.

XRP’s liquidation heatmap is screaming 👀$2.17B in short liquidations stacked above price… and that massive yellow wall at $1.35 still hasn’t been touched ⚡The setup is getting very interesting.Next week could get wild. Bears and weak hands might be in for a very painful… pic.twitter.com/JgDQeHkfMq

— THE QANON 1776 (@QAnon_1776_) June 6, 2026

Can Schwartz’s Roadmap Help Lift the XRP Price?

Against this backdrop, David Schwartz, Ripple’s CTO emeritus and a key architect of the XRP Ledger, shared a forward-looking vision in his recent “XRP in a Minute” video, emphasizing the network’s evolution beyond payments.

Schwartz noted that enterprises are already using the XRPL for tokenized assets. He projected rapid expansion into tokenized securities, stocks, money market funds, repos, and loans across institutional and retail channels.

He framed this as a clear bridge from Bitcoin’s native asset model to a broader ecosystem of issued assets. The XRPL, in his view, can help decentralized finance eventually supplant traditional finance through enterprise-led adoption that pulls in retail users later.

“The XRP Ledger followed soon after, providing both the native digital asset, similar to Bitcoin, as well as issued assets that could represent things like stablecoins or tokenized assets of any kind,” he stated.

The timing is notable. Tokenization fundamentals and institutional pilots show real promise, yet they have so far failed to insulate the XRP price from macro pressures and the profit-taking after last year’s powerful surge across the broader market.

Spot XRP ETFs approved in late 2025 have offered some structural support. However, they have not stemmed the current tide of liquidations and broader risk-off sentiment now dominating global crypto markets across daily sessions.

The disconnect between Schwartz’s roadmap and current price action highlights a familiar crypto dynamic. Technological progress does not always translate into immediate price appreciation, especially during sharp corrections across the broader risk asset complex.

For now, XRP’s long-term thesis hinges on whether the XRPL can capture meaningful real-world asset and DeFi volume amid intensifying competition. Recovery likely requires broader market stabilization plus tangible on-chain growth metrics to validate the roadmap’s promise.

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