XRP Price Hits $1: Why a 90% Rebound Could Be Next in 2026

XRP (XRP) extended its weekly decline on Friday, hitting the $1 psychological target for the first time since November 2024.

The Ripple-associated token is now down by over 70% from its July 2025 high of around $3.64. Nonetheless, in my opinion, its price has reached an attractive accumulation area, which may lead to a short-term bullish reversal if not a full-fledged rally.

XRP Paints a Massive Falling Wedge Pattern

As seen in the weekly chart, XRP is carving out a massive falling wedge structure, a pattern widely recognized by traders as a precursor to powerful bullish reversals.

Currently trading at $1.04, XRP is aggressively testing the wedge’s lower boundary at around $1. This level coincides with the 0.786 Fibonacci retracement line, thus becoming a double-layered support area for bulls to accumulate XRP.

The $1 area also appears attractive due to XRP’s weekly Relative Strength Index (RSI), which has plummeted under the oversold threshold reading of 30.

In simple terms, the multi-month XRP downtrend now appears severely overextended, which may pave the way for exhaustion among sellers and a sharp corrective bounce.

If buyers successfully defend this $0.85 to $1.00 support zone, I anticipate XRP to undergo a short-term bullish reversal move toward the wedge’s upper trendline, now aligning with the $1.20–$1.28 area, up approximately 20%–30% from current prices.

XRP’s breakout above the upper descending trendline forecasts an approximate 90% price rally toward the $1.88–2.00 area.

This upside target is measured after adding the wedge’s maximum height to its potential breakout point at around $0.80, aligning with the apex, where the two falling trendlines converge.

Historical MVRV Data Signals Local Macro Bottom

The macro bullish thesis receives further confirmation from on-chain metrics, specifically Glassnode’s Market Value to Realized Value (MVRV) Extreme Deviation Pricing Bands.

This metric tracks asset valuation by mapping standard deviations from the historical mean to pinpoint overvalued and undervalued zones.

As displayed below, the −0.5 standard deviation band (represented by the green line) has historically served as an accumulation floor for major cyclical bottoms.

In both 2020 and 2022, XRP price action aggressively exhausted and bottomed near this identical −0.5 deviation threshold before reversing into full-scale, broader uptrend phases.

Fast forward to June 2026, and this exact green band is currently sitting around the $0.96 mark, precisely overlapping with the $1 psychological support and the 0.786 Fibonacci retracement line mentioned earlier.

Should history repeat, defending this area will solidify a multi-year baseline. An initial macro rebound from this key on-chain level would likely target a recovery toward the purple band, representing XRP’s Realized Price, which is currently positioned at $1.39.

A successful flip of that level would open the floodgates for a retest of the all-time mean line (the yellow one) near $1.84.