XRP Price at Risk of Breaking Below $1 in June
XRP price is showing three bearish signals that could push XRP below $1 in June. The article highlights two technical chart patterns on the 4-hour timeframe: a head-and-shoulders setup and a bear flag, both pointing to downside levels.
First, since June 5, XRP price appears to be forming a head-and-shoulders pattern. The neckline is near $1.09, and a break below it would project a target around $0.99 (about a 10% drop). A bullish invalidation would be a clear move back above the right-shoulder peak near $1.12, roughly aligned with the 20-period EMA.
Second, a bear flag is testing its lower trendline around $1.10. A decisive 4-hour close below that level could confirm the breakdown and target about $0.94 (around 15% lower). The RSI near 43 supports weak momentum. Upside invalidation is a rebound above $1.12, with a stronger move toward the 50-period EMA near $1.15 potentially delaying any selloff.
Third, on-chain data via MVRV pricing bands suggests the market still has room to fall toward the lower “green” zone near $0.96. The piece notes that this band has acted like a bear-market magnet in prior downturns (2018, 2020, 2022). A return to the $0.96 area would imply roughly a 13% downside from current levels.
Traders may use $1.12 as a key resistance/invalidation area, while $1.09 (neckline) and $1.10 (bear-flag floor) are the key breakdown triggers for XRP price momentum in the coming days.
Bearish
The news is bearish for traders because it aligns multiple, independent signals around the same critical zone. On price action, the head-and-shoulders neckline near $1.09 and the bear-flag lower trendline near $1.10 provide clear “breakdown triggers” with measurable downside targets ($0.99 and ~$0.94). On momentum, RSI around 43 indicates weak trend strength below neutral 50. On-chain, MVRV bands pointing toward a lower “green” zone near ~$0.96 supports the idea that holder stress and/or capitulation risk has not fully played out.
Historically, the article notes that this lower MVRV band behaved like a bear-market magnet during prior drawdowns (2018, 2020, 2022). That kind of repeated behavior often means rallies can get sold into, keeping market stability fragile until price confirms a floor. In the short term, traders may increase the probability of downside follow-through if $1.09–$1.10 breaks on 4-hour closes. In the longer term, if XRP repeatedly rejects the $1.12–$1.15 resistance area (EMA zone), it can reinforce a lower range and raise the odds of eventual testing around $0.96; however, a sustained reclaim above ~$1.12 could invalidate the patterns and shift expectations toward a relief bounce.