XRP Crashes to $1.05, Lowest Since 2024, Is $0.50 Next Stop?

XRP has had a rough stretch in 2026. The token peaked at $3.66 and has been sliding lower, with no strong reversal signal on the charts yet.

It now trades at $1.05, its lowest price since November 2024. Its market cap has dropped from over $202 billion to around $70 billion. That is a loss of more than $130 billion in just a few months.

The ongoing crypto market downturn has not spared the altcoin, and the charts suggest the selling pressure may not be done yet.

Why Did XRP Price Drop So Sharply in 2026?

As per the chart, the drop began when XRP formed a double-top pattern at $3.66. Double-tops are a classic bearish reversal signal and one of the most recognized patterns in crypto technical analysis.

The neckline of the double-top sat at $1.58. Once it closed below that level, sellers took over. The breakdown also cut through the 61.8% Fibonacci retracement, which had been acting as a key support zone.

What Does the XRP Weekly Chart Show Right Now?

The weekly chart paints a bearish picture. The altcoin has been printing lower highs and lower lows for several months, the textbook sign of a downtrend.

The price also sits below both the 50-week and 100-week Exponential Moving Averages (EMAs). Trading under these levels typically means bears are dominant and buyers have not stepped in with enough conviction yet.

Is XRP Oversold According to the RSI Right Now?

The weekly RSI for Ripple has dropped to around 30, the standard oversold threshold. This type of reading does attract attention from traders looking for a potential bottom.

But oversold conditions in a downtrend do not always signal a bounce. In past altcoin bear cycles, the RSI held near these levels for weeks before any real floor appeared.

The MACD and Stochastic Oscillator are also still trending lower. Together, these signals suggest selling pressure has not fully faded yet.

What Are the Key XRP Support Levels to Watch?

The $1.00 mark is the most-watched level right now. Round numbers carry psychological weight in markets, and breaks below them tend to attract attention from both buyers and sellers.

On the monthly chart, a rising trendline passes through the $0.70 to $0.90 range. This trendline has marked the bottom of every major cycle for nearly a decade, making it a key macro support zone for long-term investors.

Could XRP Price Fall to $0.50 in the Near Term?

If $1.00 breaks, the $0.50 level is the next area with historical significance. Reaching it would require another significant decline from current prices, but the chart structure does not rule it out.

The broader crypto market is still under pressure, giving the altcoin little room for a recovery on its own. A shift in market sentiment could change things quickly, but for now, the technical picture favors the bears.

Disclaimer: This article is for informational purposes only and does not constitute financial, investment, or trading advice. Cryptocurrency markets are highly volatile. Prices can fall or rise sharply in short periods. Never invest more than you can afford to lose. Always do your own research before making any financial decisions.