Bob Loukas Warns XRP Could Still Drop 50% in 2026 Despite Oversold Bounce Setup

Trader Bob Loukas said on June 7, 2026 that XRP looks deeply oversold in the 2022–2026 cycle and may be "due a bounce," but he still sees a possible additional 50% downside before year-end. XRP has posted steep 2026 monthly losses so far, including -10.6% in January, -16.2% in February and -15.7% in the first week of June, while price was around $1.12 at the time referenced.