XRP Price Forecast: Wedge Breakdown Looms as Realized Losses Reach 2022 Highs

Ripple (XRP) price is testing the support level of a falling wedge pattern after dropping by 22% between May 26 and June 26, and the Realized Profit/Loss ratio has dropped to 0.33 as the number of traders who are selling XRP at a loss reaches the highest level in four years.

XRP value today is down by 4.5% today, June 26, to trade at $1.03 at the time of writing.

XRP Realized Losses Reach 2022 Highs as Price Tests Key Support

The Realized Profit/Loss ratio for XRP that shows whether traders are selling XRP at a profit or at a loss, has dropped to a four-year low of 0.33

The dropping ratio suggests that those holding XRP are now selling at a loss as panic rises after a recent warning that XRP might drop to $0.15.

This ratio of 0.33 also suggests that XRP is facing a lot of selling pressure, as it nears the psychological support level of $1, following the recent drop in Bitcoin price to $58,000.

XRP is now sitting 3% above this psychological support of $1, with a move below it set to push the price to the lowest level since November 2024.

XRP has traded above $1 since November 2024, and that means that those who purchased in the last two years will be underwater if it drops below $1, explaining why they are frantically selling now.

Wedge Breakdown Looms Amid Bearish EMA Crossover

XRP price is trading within a falling wedge pattern on the weekly chart, but it is testing the support level at the lower boundary, suggesting that bears still have a good grip.

The support at $1 needs to hold for the bullish outlook that is usually portrayed by the wedge to play out.

However, with selling pressure around XRP increasing, the price might move below this support of $1 and invalidate the pattern.

The crossover of the 20-day EMA below the 200-day EMA also suggests that bears are tightening their grip on XRP, and the price might drop to the November 2024 low of $0.58.

The MACD line that is negative and moving below the signal line also confirms that the momentum is favoring bears, and XRP might drop to $0.58.

XRP Long Liquidations Soar as Short Sellers Increase Positions

Data from Coinglass shows that long liquidations for XRP reached $40.73 million on June 25. This $40.73 million was the most liquidations that XRP has seen since February 5, 2026.

The $40 million in liquidations occurred after the price dropped to $1.03 on June 25, forcing long buyers to sell XRP to close their positions. This increased the selling pressure around XRP that pulled the price down.

The weighted funding rate that is negative now shows that short sellers are increasing their positions as they anticipate that the XRP price might drop below $1.

The rising demand for short positions on XRP is also shown by the long/short ratio that has dropped to 0.94, suggesting that there are now more short sellers than long buyers.