It almost feels inevitable at this point. It was hard to imagine 11 months ago, even 6 weeks ago, but the current landscape appears mostly dominated by the bears, and the psychological $1.00 level has come into focus.

Remember how XRP stood at $3.65 last July? Even the subsequent rejections and corrections that managed to drive it below $3.00 and eventually $2.00 seemed bad enough, but a breakdown below $1.00 was almost out of the question. However, such a probability is highly anticipated now, with BTC seemingly losing the $60,000 support.

XRP dumped to $1.01 on Thursday when the entire market crashed. The question is, and we asked ChatGPT about it, how low can the token go if that coveted support breaks?

Might Not Stop Soon

The popular AI solution warned that if $1.00 falls cleanly by the end of June or in July, it “may not stop at $0.99.” Instead, a decisively daily close below the round-numbered support will likely turn that level into resistance. If that’s the case, then the first downside target sits between $0.96 and $0.94. Although this could mark the “first wave of damage,” it won’t necessarily mean it’s the bottom.

The actual danger, though, comes if XRP loses $0.94. ChatGPT warned that the asset’s path to $0.90 will be wide open. If panic accelerates, the next precise downside zones are $0.87, $0.82, and $0.78, which align with some popular analysts’ views on the token’s potential bottom.

The worst-case scenario for XRP in July would be a crash to $0.65, ChatGPT said.

“That level matters because it sits far enough below obvious support to flush late buyers, liquidate leveraged longs, and reset sentiment completely. It would represent a 35% collapse from $1.00 and a nearly 40% drop from the current $1.05 area.”

On the Contrary

OpenAI’s solution outlined a different scenario in which the XRP bulls defend the $1.00 support and the broader market’s environment improves, or at least doesn’t deteriorate further. Ripple’s token would need to reclaim the first major resistance levels at $1.08 and $1.10 before it can receive some breathing room, as such a rebound would invalidate the bearish thesis of a plunge below $1.00.

However, until XRP indeed goes beyond $1.10 and closes above it, every bounce will appear less like recovery and “more like another chance for sellers to reload” and push it south to under $1.00 territory.

Источник: CryptoPotato