Here’s XRP Worst-Case Bottom Price for June Based on Historical Midterm Year Patterns

EGRAG Crypto, one of the most prominent analysts on crypto Twitter, has identified the bottom price for XRP this June in its worst-case-scenario crash.

According to EGRAG, the ongoing market downtrend has still not reached its lowest level for this month. He believes market data puts XRP’s average June slump in midterm years at 29.3%, representing a drop to $0.94. However, in a worst-case scenario, he sees XRP hitting $0.81.

The market expert made this assessment using historical data surrounding XRP’s June performances across midterm years. He presented his formula at the beginning of June, projecting a downtrend this month despite XRP seeing a mild rebound push toward the end of May.

XRP’s Downward Price Action

XRP has been a victim of a broader market downtrend momentum that picked up at the start of this month. Notably, from May 28 to 30, XRP saw three consecutive intraday gains, reaching $1.34. However, as June emerged, a pullback ensued.

This came as Bitcoin (BTC) collapsed in response to Strategy’s 32 BTC sale and U.S. job reports. XRP crashed from $1.3 to $1.05, representing a 19% decline within six days. XRP has recovered slightly to $1.16 at press time, but its price action remains weak, with traders expecting steeper declines.

EGRAG’s analysis comes amid this bearish expectation. While the market analyst remains bullish on XRP, presenting a possible pathway to higher targets such as $27, he admits that June has always been a bearish month for the asset, especially in midterm years.

XRP’s Bearish June Pattern

Specifically, EGRAG called attention to historical data confirming that XRP has greatly underperformed in June during midterm years. This pattern has consistently played out since 2014, a year after XRP began trading in the public market.

XRP has gone through three midterm years since then, and in each of them, June saw a drastic price drop. For instance, in June 2014, EGRAG suggests that XRP saw a 17% drop. The next midterm year, 2018, also brought another crash in June, with EGRAG claiming that XRP slumped 39% then.

As for 2022, the analyst said XRP saw a 32% price drop in June, and this coincided with the Terra implosion the month before. Although chart data suggests XRP’s declines in each of these years were not as severe as EGRAG mentioned, the bottom line is that the asset always struggled in June during midterm years.

Worst-Case Scenario for XRP This June

According to EGRAG, the average decline rate across these three years he assessed is 29.33%. He suggested that XRP is already down 21% this June. If it follows the pattern to the letter, the average decline across the years assessed could take the price to $0.94.

However, the analyst stressed that the worst-case scenario for XRP would see the crypto asset decline further to $0.81, representing a 39% crash in June 2026. Interestingly, analysts such as Casi and Chart Nerd have continued to project a possible XRP drop to $0.81.