Despite Market Turmoil, Analysts Say XRP Is Unlikely to Slip Below $1 Ever Again

XRP community figure Xena has confidently dismissed concerns that XRP might slip back below the $1 mark. Her bold assertion comes as growing bearish sentiment grips the broader crypto market, largely triggered by escalating geopolitical tensions in the Middle East.

Geopolitical Crisis Sparks Market Selloff

The most recent wave of bearish pressure stems from a significant development over the weekend. The United States launched coordinated military strikes on Iran, targeting critical nuclear sites in Isfahan, Fordo, and Natanz. This military action followed threats from Iran’s Supreme Leader, Ali Khamenei, warning the U.S. of severe consequences should it intervene in the Iran-Israel conflict.

These events rattled global investors. From June 20 to June 22, the entire cryptocurrency market witnessed a staggering $250 billion decline, crashing below the $3 trillion threshold for the first time in over a month.

XRP Slides Below $2 Amid Market Turbulence

XRP, like many other assets, suffered a sharp price correction. It dropped below the significant $2 level for the first time since April 11, hitting a 10-week low of $1.90. The move raised concerns that XRP might continue its downward slide. However, Xena took to social media to reassure the XRP community.

Sharing a snapshot of the decline, she confidently stated that XRP would not revisit the cents territory. Her statement referred to XRP dipping below the $1 mark, a level the token hasn’t tested since its powerful rally in late 2024.

XRP first broke back above the $1 resistance in November 2024, buoyed by a market rally tied to Trump’s political resurgence. That rally also pushed the token past the $2 mark in December, a price XRP hadn’t seen in over seven years.

Despite various retracements and a bearish consolidation since February 2025, XRP has managed to stay well above the $1 line. According to Xena and other analysts, this continued support further solidifies XRP’s bullish structure.

XRP Struggles to Hold $2, But Analysts Stay Upbeat

Following its latest decline, XRP quickly rebounded to $2.03, as of this writing, mirroring a broader market recovery. Still, the situation remains delicate. Even a minor bearish push could send XRP back below the $2 level.

Nevertheless, Xena stands firm in her belief that a return to sub-$1 levels is improbable. Her confidence isn’t isolated. In November 2024, when XRP traded at $1.57, another respected analyst known as The Bearable Bull declared that XRP would never again fall below $1. That prediction has held so far.

Bearish Scenarios Remain on the Table

Despite Xena’s optimism, some analysts have offered more cautious outlooks. Three months ago, market expert Ali Martinez pointed out a head-and-shoulders pattern on XRP’s daily chart, suggesting the token could fall toward $1. However, he stopped short of predicting a break below that support.

In December 2024, crypto analyst IncomeSharks went further, forecasting a potential drop to $0.60. He argued that XRP might erase all gains from its previous rally. To date, this bearish prediction has not come to pass.

Even with differing opinions, some investors see a drop below $1 as a buying opportunity. For instance, Vandell Aljarrah, founder of Black Swan Capitalist, responded to a question from Edoardo Farina by stating he would increase his position if XRP fell below $1.

Conclusion: XRP Holds Firm Amid Market Headwinds

At the moment, XRP trades at $2.01, having declined 8.7% over the past week. Despite short-term volatility, XRP remains resilient above its historical support levels. As global markets absorb ongoing geopolitical developments, the XRP community remains vigilant in monitoring key technical and fundamental indicators.

While bearish warnings persist, XRP’s strong support above $1, combined with community confidence, may serve as a foundation for future rebounds. Whether this support holds will likely depend on broader market trends and the unfolding of the conflict in the Middle East in the coming weeks.

Olasunkanmi Abudu

Olasunkanmi Abudu is a Web3 content writer with over five years of experience covering blockchain, decentralized finance, and digital assets. He specializes in producing well-researched and accessible content that explains complex technologies and market trends to both general readers and industry professionals.

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.