XRP Price Analysis: Is Cryptocurrency Set to Drop Below $1 Once More?
May 2, 2026
XRP’s current trading price of around $1.38 is significantly lower than its peak of $3.65 in July 2025, as stated in a recent market analysis. The examination delves into the possibility of the cryptocurrency falling below the $1 mark once again. XRP has a track record of experiencing substantial price fluctuations. For instance, in January 2018, the coin surged to $3.40 only to plummet to $0.26 by September of the same year. Similarly, in 2020, when the Securities and Exchange Commission filed a lawsuit against Ripple, the issuer of XRP, the coin’s value dropped from $0.66 to $0.22 within weeks, trading below $1 for an extended period thereafter. This ongoing downward trend in XRP’s value is considered one of the most extended and severe in recent memory.
The current analysis highlights a slowdown in network activity on the XRP Ledger. Daily active wallet addresses have decreased from 22,054 wallets a year ago to 13,684 as of April 28. Additionally, there has been a decline in the creation of new wallet addresses, indicating a slowdown in the adoption rate of the chain at present. These developments are regarded as warning signs that could negatively impact the price of the coin, especially in an extended crypto bear market.
The potential for XRP to dip below $1 again in the near future is a distinct possibility. However, if such a decline occurs due to factors like a recession, inflation concerns, or a bear market, experts believe that the coin’s recovery prospects are favorable. Notably, spot exchange-traded funds have accumulated approximately $1.2 billion in net inflows since their launch in late 2025. Ripple’s strategic acquisitions of cryptocurrency companies to enhance services linked to the XRP Ledger is also a new development that did not exist during previous periods when XRP traded below $1.
Conversely, if XRP’s value drops below $1 due to a deterioration in its fundamental narrative, particularly if usage metrics on the ledger continue to decline instead of rebounding in the coming year, it may signal a cause for concern. In such a scenario, selling off existing holdings rather than acquiring more may be a prudent course of action to consider.
In conclusion, the uncertainty surrounding XRP’s future trajectory means that careful monitoring of market conditions and network activity on the XRP Ledger is essential for investors and stakeholders. The cryptocurrency’s potential to fall below $1 again hinges on a complex interplay of factors, from macroeconomic trends to the evolution of its underlying infrastructure and adoption rates.
