XRP To $0.70 Next? The Case For Another 40% Crash
XRP fell below $1.10 after a 22% pullback over the past month, putting the $1 level back in focus. Technicals are weak: price is below the 20-, 50-, 100-, and 200-day moving averages, and some analysts see a possible 40% drop toward $0.70 if risk-off pressure continues. Near-term support is limited around $1.05, with $1 acting as the main psychological floor. Still, on-chain signals are more constructive. Wallets holding at least 10,000 XRP hit a record 332,230 in May, millionaire wallets have risen, and large holders now control an unusually high share of supply. XRP’s monthly RSI has also entered a rare oversold reset zone, which has historically preceded major rebounds. A key catalyst is the CLARITY Act, whose Senate progress could shape year-end sentiment. A floor vote and broader market stability could support a recovery, while delays could push XRP lower. Bitcoin’s ability to hold above $60,000 is also seen as critical.
