CoinDesk reports:
Foreign media report that XRP has weakened again after a brief rebound, with market attention focused on whether it will fall below $1 once more. The recent decline is attributed to rising U.S. inflation, unchanged interest rates, and renewed volatility in risk assets due to developments involving the U.S. and Iran.
The rebound failed to hold.
The article mentions that XRP dropped to $1.06 on June 6, then rebounded above $1. However, this rally was short-lived, as the price soon came under pressure again.
In May this year, the crypto market experienced a brief recovery, with Bitcoin temporarily rising above $82,000 and XRP following suit. However, XRP encountered significant resistance near $1.55 and failed to open further upside potential.
Macroeconomic factors are suppressing risk assets.
The article argues that the market has remained weak since October 2025, due to rising macroeconomic uncertainty. Entering 2026, the situation in the Middle East has further increased market volatility.
One direct trigger was the U.S. CPI rising to 4.2% in May 2026. Following the resurgence of inflation, the Federal Reserve chose to maintain interest rates unchanged. The article suggests that this context has weakened market expectations for a dovish policy shift, putting pressure on crypto assets.
Around $1 becomes a short-term focus.
The article also noted that concerns over the prospects of a peace agreement between the U.S. and Iran have heightened worries about renewed disruptions in the Strait of Hormuz. If energy prices rise as a result, inflationary pressures could continue to increase, further influencing interest rate expectations.
Under this assessment, highly volatile assets like XRP are more susceptible to downward pressure. The article suggests that if the overall market remains weak, XRP may continue to decline along its current trend.
However, the article also notes that some support may still be found above $1. Even if this level is temporarily held, the price could enter a sideways consolidation phase rather than quickly regaining strength.