Will XRP dip to $1.00 in June?

Prediction markets put the probability at 34%: Will XRP dip to $1.00 in June. Currently, markets are divided (34% YES, 66% NO). Ripple (XRP) Slides 6% as Crypto Risks Becoming a “First Casualty” of the SpaceX IPO.

What’s Happening

XRP slid 6% on June 5, 2026 as crypto markets came under pressure from the upcoming SpaceX IPO on June 13 at $135/share, with analysts flagging digital assets as a "first casualty" of capital rotation into the offering. The selloff hit alongside a broader market drawdown that saw Bitcoin plunge more than 15% in the first week of June to roughly $62,300, wiping out months of gains and dragging altcoins including XRP sharply lower. Coinbase's launch of SpaceX pre-IPO perpetual futures for non-U.S. traders has accelerated the liquidity drain from spot crypto into equity-linked derivatives, compounding sell-side pressure on majors. [Yahoo Finance, Jun 5]

The question of whether XRP will dip to $1.00 in June hinges on whether the current correction extends through the back half of the month. Macro positioning has turned defensive, with the dollar showing renewed "momentum" per Reuters market commentary on June 9, a headwind for risk assets including crypto. XRP's $1.00 level sits well below current trading ranges and would require a continuation of the early-June flush — a roughly compounding decline from levels that absorbed the initial 6% drop. Tech-sector selling resuming on U.S. equity indices and rotation into the SpaceX IPO book are the key macro vectors traders are watching into the second half of June. [Reuters, Jun 9]

Counter-narratives persist in the retail-oriented coverage, with syndicated press releases on June 10-11 citing XRP price prediction targets of $7.00-$8.00 tied to altcoin presale promotion cycles — though these are marketing-driven projections, not on-chain signals. The disconnect between bullish long-term price targets in promotional content and the immediate 15% Bitcoin drawdown highlights the binary nature of whether XRP dips to $1.00 in June: it requires the SpaceX-driven liquidity rotation to deepen through June 13 and beyond, rather than reverse on a "sell the news" reaction post-IPO. With three weeks remaining in the month at publication time, the path to $1.00 depends on whether dollar strength and equity-rotation flows extend, or whether crypto finds a bid once the IPO event concludes. [Business Insider, Jun 11]

Traded on Polymarket — $54K Volume

Lower-volume market on Polymarket ($54K). Wider spreads expected — enter with limit orders and be aware of slippage risk. Currently 20c YES.