Ripple’s XRP token faced a rejection at the $1.60, amid a larger market correction. Bitcoin (BTC) faced a similar fate at the $75,000 price level, triggering a market-wide dip. According to CoinGecko data, XRP’s price has fallen 1.7% in the last 24 hours, 7% in the last week, nearly 4% over the previous month, and 42.5% since March 2025. Despite the correction, XRP has maintained a 2.2% gain in the 14-day charts. Let’s discuss if the latest market dip will bring XRP below the $1 mark once again.

Will XRP Dip Below $1?

XRP’s price fell to $1.16 earlier this year on Feb. 16. The asset has made a recovery since early February, but faces substantial resistance at around $1.60. Moreover, the asset seems to have some support at the $1.15-$1.20 price range. While the current market dip is concerning, it may not trigger a crash for XRP to dip below $1.

However, one should note that market across the spectrum are facing the brunt of the ongoing US-Iran conflict. There is a possibility of an escalation after Iran maintains the closure on the Strait of Hormuz. President Trump has said that he would retaliate if Iran does not reopen the strait. XRP and other crypto assets are likely suffering due to a spike in investor panic.

If the bearish trajectory continues and Bitcoin (BTC) falls below the $60,000 mark, we may have to brace ourselves for a big price dip. Such a scenario could pull XRP’s price below the $1 mark. However, BTC has some support at around $62,000, and may rebound from this price level.

Also Read: Legal Expert Says Buy More XRP at the Right Price as Metrics Surge

According to CoinCodex analysts, XRP will not fall below the $1 mark, but do on expect it to experience a big price surge either. The platform anticipates XRP to continue trading above the $1.35 price level over the coming months, hitting $1.62 on June 11, 2026.