Planning to Buy XRP? Rare Price Outlook by Trading Expert Bob Loukas Urges Caution

With XRP pushing into extreme oversold zones, trader Bob Loukas reveals why a 50% crash is still on the table after a local bounce.

Gamza Khanzadaev · 7 Jun 2026 · 5 min read

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Gamza Khanzadaev

Sun, 7/06/2026 – 15:00

With XRP pushing into extreme oversold zones, trader Bob Loukas reveals why a 50% crash is still on the table after a local bounce.

Planning to Buy XRP? Rare Price Outlook by Trading Expert Bob Loukas Urges Caution

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June of 2026 continues the worst monthly streak for XRP in several years, pushing the token toward extreme oversold conditions within the four-year 2022–2026 cycle. Against such a background, well-known trader Bob Loukas noted the inevitability of a technical rebound for the coin, but warned about the risk of its value falling by another 50% before the end of the year.

XRP’s monthly return statistics show that the asset has been falling since the start of 2026. In January, the token lost 10.6%, and in February it dropped another 16.2%, while in the first week of June alone, the decline has already reached 15.7%. The only green month this year was April, with a symbolic gain of 2.13%.

Why XRP and altcoins risk a further 50% decline, Loukas explains

The current prolonged plunge looks like a logical continuation of the bearish trend that began at the end of 2025, when after a strong July (+35%) and a moderate September (+2.49%), the coin closed the final three months of the year in negative territory.

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As a result, according to Loukas, the current decline has brought XRP’s total drawdown from the cycle highs to 71%, which, surprisingly, is slightly better than most other altcoins, which have lost even more.

Just like all prior cycles. Current drawdown from 2022-26 crypto Cycle –

ETH – 69%
XRP – 71%
LTC – 72%
Link – 77%
SOL – 79%
SUI – 87%
ADA – 88%
AVAX – 90%

Way oversold, due a bounce, but all potentially have up to 50% declines left in them this year.

— Bob Loukas 🗽 (@BobLoukas) June 7, 2026

Looking at the XRP price chart, with the token currently trading around $1.12, RSI indicators confirm Loukas’s thesis and show bullish divergences amid strong seller exhaustion in June. Historically, after similar prolonged declines, the token has demonstrated powerful rebounds.

*XRP daily price chart with RSI indicator, Source:* *TradingView*

For example, in July 2023, after a weak June, the coin rose by 47.6%, while in November 2024, after a series of red months, it delivered an explosive 281.7% rally. However, Loukas emphasizes that any possible local growth would only be a temporary pause.