XRP Price Drops to Lowest Level of 2026, Analysts See Potential for 2000% Gains

XRP's price has dropped to its lowest level of 2026, closing at $1.02 after a 0.9% decrease over the last 24 hours.

The key support level at $1.00 is under pressure after eight to ten consecutive weeks of rejections at the 50-day EMA, according to market analyst ChartNerd.

Despite this technical weakness, several analysts are bullish on XRP's long-term prospects, citing historical Elliott Wave patterns and a bullish RSI divergence that suggests a potential Wave 3 breakout with gains up to 2,000% if the asset can reclaim the resistance range between $1.30 and $1.60.

However, holding onto this support level is crucial for XRP's technical base, as a break below $1.00 could trigger stop-loss orders and extend losses.