⚡ Why My XRP Price Prediction Sees a 60% Drop to $0.54

**BREAKING: XRP Plunges to Four-Month Low as Analyst Warns of 60% Further Decline**

XRP tumbled to $1.25 on Tuesday, June 2, 2026, marking its weakest level since February as Bitcoin’s breakdown below $70,000 triggered cascading losses across crypto markets. The token is now testing critical support at the bottom of a four-month trading range between $1.26-$1.30 and $1.51-$1.70 for the third time since February.

Technical analyst Daniel Chmiel maintains his bearish stance with a downside target of $0.54, representing a 57-60% drop from current levels. The 200-day exponential moving average sits well above price at $1.65, reinforcing the bearish structure. A confirmed daily close below $1.13 would trigger the next major leg down, projecting XRP toward the late-2024 lows where Fibonacci extensions converge.

Traders and crypto-focused fintech platforms should brace for increased volatility, with immediate resistance stacked between $1.80 and $2.66.

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FXnCO Insight

** Watch for a daily close below $1.13 as the confirmation signal for accelerated downside momentum toward the $0.54 target zone.

Source: Finance Magnates