The market crash on Wednesday sent Ripple’s native token XRP to a low of $1.20, and then it recovered after plunging to $1.14. The leading altcoin is now trading at its yearly low, with fears remaining high that a dip below the $1 range is possible. This comes after Bitcoin crashed to $63,800 once again, with top BTC holders like Michael Saylor’s Strategy suffering billions in losses.
Now that the market remains under the claps of the bearish claws, can XRP regain its lost momentum and surge in the charts in June? The global market is also yet to recover from the oil market shock. In this article, we will explain whether to take an entry position in Ripple’s token or give it a miss. The market turbulence is a cause of concern, as a downturn from here would make it longer to recover.
Also Read: Market Crash Intensifies, XRP At $1.2: How Much Lower?
XRP To Deliver Profits in June 2026?
Leading on-chain metrics and price prediction firm CoinCodex has predicted a bearish picture for XRP. According to the price prediction, Ripple’s altcoin could barely see a price spurt this month and remain trading sideways. The latest forecast estimates the token to reach a maximum high of $1.25, which is around five cents from its current price.
Therefore, XRP might not have much room to initiate a sell-off, as the margin to book profit is too narrow. The global economic cues do not support a rally at the moment, as the US is divided on the Iran war. Trump received a stunning rebuke as lawmakers from Democrats and a few Republicans passed a resolution to halt the Iran conflict.
While this is a good signal, Trump has yet to officially announce the end of the war. The peace talks and negotiations failed with both countries disagreeing on several aspects of the deal. If Trump fails to heed the resolution, the global markets, including XRP and Bitcoin, will remain affected for a longer period.
Also Read: US Stocks Dip, Oil prices rise on US-Iran war uncertainty
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