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June of 2026 continues the worst monthly streak for $XRP in several years, pushing the token toward extreme oversold conditions within the four-year 2022–2026 cycle. Against such a background, well-known trader Bob Loukas noted the inevitability of a technical rebound for the coin, but warned about the risk of its value falling by another 50% before the end of the year.
$XRP's monthly return statistics show that the asset has been falling since the start of 2026. In January, the token lost 10.6%, and in February it dropped another 16.2%, while in the first week of June alone, the decline has already reached 15.7%. The only green month this year was April, with a symbolic gain of 2.13%.
Why $XRP and altcoins risk a further 50% decline, Loukas explains
The current prolonged plunge looks like a logical continuation of the bearish trend that began at the end of 2025, when after a strong July (+35%) and a moderate September (+2.49%), the coin closed the final three months of the year in negative territory.
As a result, according to Loukas, the current decline has brought $XRP's total drawdown from the cycle highs to 71%, which, surprisingly, is slightly better than most other altcoins, which have lost even more.
Just like all prior cycles. Current drawdown from 2022-26 crypto Cycle -
— Bob Loukas 🗽 (@BobLoukas) June 7, 2026
ETH - 69%
$XRP - 71%
LTC - 72%
Link - 77%
SOL - 79%
SUI - 87%
ADA - 88%
AVAX - 90%
Way oversold, due a bounce, but all potentially have up to 50% declines left in them this year.
Looking at the $XRP price chart, with the token currently trading around $1.12, RSI indicators confirm Loukas's thesis and show bullish divergences amid strong seller exhaustion in June. Historically, after similar prolonged declines, the token has demonstrated powerful rebounds.
$XRP daily price chart with RSI indicator, Source:
TradingView
For example, in July 2023, after a weak June, the coin rose by 47.6%, while in November 2024, after a series of red months, it delivered an explosive 281.7% rally. However, Loukas emphasizes that any possible local growth would only be a temporary pause.
Since the broader market structure remains downward, while Bitcoin is showing weakness on weekly timeframes, the analyst expects a global bottom to form only closer to autumn or winter 2026. Until then, $XRP retains the potential to fall by half from current levels, while any attempts at growth are likely to be sold quickly by large players.
