XRP (XRP) charts are painting multiple bearish patterns this month with a downside target under $1.

Key takeaways:

• XRP is forming head-and-shoulders and bear flag setups on its shorter-time frame chart.
• An on-chain metric is further signaling weak demand or capitulation sentiment among traders.

Head-and-shoulders setup hints at 10% XRP decline

Since June 5, the XRP price has formed what appears to be a head-and-shoulders (H&S) pattern.

The setup develops when the price forms three peaks atop a common neckline support, where the middle peak, called the “head,” is higher than the other two, the “shoulders.”

An H&S pattern typically resolves when the price breaks decisively below the neckline support, with its downside target measured by subtracting the breakdown level from the structure’s maximum height.

XRP/USD four-hour price chart. Source: TradingView

As of Thursday, XRP was forming the pattern’s right shoulder, eyeing an initial dip toward the neckline near $1.09.

Applying the technical rule, the target for June is around $0.99, down roughly 10%, if the price breaks below the neckline.

Conversely, a clear break above the right shoulder’s peak at around $1.12, a level also aligning with the 20-period exponential moving average (20-period EMA, green) on the four-hour chart, may invalidate the H&S pattern.

In that case, XRP may rally toward the 50-period EMA (red) near $1.15, up 4.5% from the current price levels.

Another bearish setup hints at a lower XRP price target

XRP’s four-hour chart also shows a bear flag, adding weight to the sub-$1 bearish outlook.

A bear flag forms when the price consolidates inside a rising channel after a sharp sell-off. It typically signals a pause before the prior downtrend resumes.

XRP/USD four-hour chart. Source: TradingView

As of Thursday, XRP was testing the flag’s lower trendline near $1.10. A decisive four-hour close below this level could confirm the breakdown.

Applying the technical rule, XRP’s bear flag target sits near $0.94, down roughly 15% from current prices.

The relative strength index (RSI) near 43 supports the bearish view, showing weak momentum below the neutral 50 level.

However, a rebound above $1.12 would weaken the setup. A stronger move above the 50-period EMA near $1.15 could delay the selloff and send XRP toward the flag’s upper trend line near $1.18–$1.20.

On-chain data points to dip toward $0.96

XRP’s MVRV pricing bands suggest the price still has room to fall toward the lower green zone.

XRP MVRV extreme deviation pricing bands. Source: Glassnode

For new traders, MVRV compares XRP’s market price with the average price at which coins last moved on-chain. In simple terms, it shows whether holders are sitting on large paper profits or losses.

When price trades near the upper bands, the market is usually overheated. When it falls toward the lower bands, it often signals stress, weak demand, or capitulation.

Related: XRP transaction demand falls 91.5% as traders focus on $0.65 support

That lower green band has acted like a bear-market magnet for XRP in previous cycles. It declined toward or below the same zone during major downturns in 2018, 2020 and 2022 before finding stronger support later.

The next major downside target sits near the green lower band near $0.96, about 13% below current prices if history repeats.

Ripple CEO Brad Garlinghouse has criticized JPMorgan CEO Jamie Dimon’s opposition to the Clarity Act, a bill that would establish rules for much of the U.S. crypto market.

Garlinghouse argued that Dimon mischaracterized the legislation during recent public comments. The disagreement comes as lawmakers continue reviewing the bill before a potential Senate vote.

Garlinghouse disputes Dimon’s criticism of the bill

Speaking during an interview with Fox Business, Garlinghouse responded directly to comments Dimon made about the Clarity Act. The Ripple executive said Dimon incorrectly portrayed the legislation as reducing compliance safeguards. Garlinghouse argued that the bill would provide regulatory clarity rather than weaken oversight.

Garlinghouse said, “What Jamie Dimon did a disservice around is that he’s representing that this reduces compliance concerns.” He added that the characterization was inaccurate and could influence public perception of the legislation. According to Garlinghouse, support for the bill centers on establishing clear rules for digital asset companies.

The comments followed a public debate over provisions contained within the proposed legislation. Lawmakers continue reviewing measures that would define regulatory responsibilities across parts of the crypto industry. The bill remains one of the most closely watched digital asset proposals in Washington.

Stablecoin yield provision remains a key dispute

A major area of disagreement involves language that would allow crypto exchanges to offer stablecoin yield products. Dimon has publicly criticized that provision and questioned efforts supporting its inclusion. Coinbase CEO Brian Armstrong has argued that the measure should remain part of the legislation.

During a previous interview, Dimon said Armstrong was the primary advocate for the provision. He also claimed that Coinbase spent substantial resources supporting policy efforts in Washington. The JPMorgan chief further criticized Armstrong while discussing the stablecoin yield debate.

Garlinghouse acknowledged that Armstrong represents Coinbase rather than the entire crypto sector. However, he said many digital asset firms support legislation that provides regulatory certainty. The Ripple executive argued that industry participants continue seeking clearer operating frameworks in the United States.

Senate vote approaches as lobbying efforts continue

Garlinghouse also linked JPMorgan’s opposition to commercial interests within the banking industry. He said traditional financial institutions benefit from maintaining existing market structures. According to Garlinghouse, those interests influence resistance to parts of the legislation.

The Clarity Act advanced through a Senate committee vote last month. Lawmakers are expected to consider the proposal on the Senate floor before any final action. The measure would establish rules governing large sections of the U.S. digital asset market.

Meanwhile, debate continues among banks, crypto companies, and industry groups over the bill’s final structure. Stablecoin yield provisions remain one of the most contested sections under discussion. Prediction market data from Polymarket currently places the odds of the bill becoming law this year at 47%.

The structure is based on depositary receipts, a longstanding financial product that allows investors to gain exposure to shares through a bank-issued security. Citi has adapted that model for private companies and recorded the securities on blockchain infrastructure operated by Swiss market operator SIX.

The result is a digital version of a traditional financial instrument. Investors own the depositary receipt rather than the underlying shares directly, while Citi acts as both issuer and custodian.

The bank argued the approach could make private-market investing simpler and more transparent than some existing structures, which often rely on special-purpose vehicles and multiple intermediaries.

The launch is part of a larger effort by major financial institutions to tokenize traditional assets.

Tokenization refers to representing real-world assets such as stocks, bonds or bank deposits as digital tokens that can move across blockchain networks.

Supporters say tokenized assets could eventually reduce settlement times, lower costs and allow markets to operate around the clock.

Citi has been among the banks pushing that transition. Earlier this month, Citi joined several of the largest U.S. banks in announcing plans to develop a shared tokenized deposit network through The Clearing House by mid-2027. The system would convert traditional bank deposits into blockchain-based tokens while keeping funds inside the regulated banking system.

BitGo has introduced Lightning Earn, a product that lets institutional clients allocate Bitcoin to Lightning Network routing channels.

The product uses Amboss Technologies’ Rails platform to manage liquidity routing across Lightning payment paths. Participants earn fees in Bitcoin from routed payments while using BitGo custody accounts.

BitGo links custody accounts to Lightning routing

BitGo designed Lightning Earn for corporate treasuries and institutional allocators that already hold Bitcoin through its custody platform. Clients can place Bitcoin into Lightning Network channels used to route payments between connected nodes. The routing activity generates fees paid in native Bitcoin, rather than tokens or synthetic rewards.

The company said clients access the product through existing BitGo custody accounts. BitGo also said custody controls, governance steps, and compliance workflows remain in place during deployment. The structure allows institutions to use Bitcoin for routing liquidity without moving assets into external retail wallets.

BitGo CEO Mike Belshe said Rails gives clients a way to deploy Bitcoin “without compromising custody or governance.” The company also placed part of its own treasury into Rails. BitGo said the allocation helped test the process before wider institutional use.

Amboss Rails manages liquidity across payment channels

Amboss Technologies provides the Rails platform behind the routing function. Rails helps allocate Bitcoin liquidity across Lightning channels where payment flow requires capacity. The system connects institutions with routing paths that need capital to process Bitcoin payments.

Amboss CEO Jesse Shrader said BitGo’s integration of Rails shows that “Lightning is fit for institutions.” He also said institutional capital can support enterprise-scale Bitcoin payments. The statement relates to liquidity deployment, not guaranteed returns.

Lightning Network routing fees depend on payment activity across connected channels. Participants receive fees when their liquidity helps move payments between nodes. BitGo said the product does not use synthetic assets, token incentives, or derivative yield products.

Lightning Earn uses Bitcoin fees instead of token rewards

The product differs from yield products that depend on lending, staking, or third-party token rewards. Lightning Earn relies on routing fees from payment traffic across Lightning channels. All earnings remain denominated in Bitcoin.

BitGo said its regulated trust bank controls continue to govern the deployed assets. The firm also said clients retain ownership of Bitcoin used in routing channels. Governance rules apply across all allocations made through the product.

Amboss said Rails supports liquidity allocation across Lightning Network endpoints. The company also said the platform helps payment channels access routing capacity. BitGo’s Lightning Earn product is now available to institutional clients through existing custody accounts.

Tether Investments said it led a $1.4 billion funding round for Neura Robotics, a German startup developing AI-powered humanoid robots, in what it called one of the largest investments into physical AI on record.

The funding, announced Wednesday, was projected to value Neura between $9 billion and nearly $12 billion when it first became public last November. Other participants in the round included Qualcomm Technologies, Amazon and NVIDIA, Neura said in a post on its website.

Neither Tether nor Neura responded immediately to a CoinDesk request for further information.

“AI is moving from the digital world into the physical world,” David Reger, founder and CEO of Neura Robotics, said in a statement. The company recently said it aims to produce 5 million robots by 2030 with about $1.2 billion orders already.

Tether, the issuer of the USDT stablecoin, is building its own technology right into Neura’s systems. The robots will receive their own independent digital wallets, allowing them to be paid automatically the moment they finish a job. They will also be able to make electronic payments to other machines, cutting out human managers, paperwork and bank delays.

Under CEO Paolo Ardoino, the El Salvador-based company is spending in a range of industries outside of the immediate crypto sector. Its growing portfolio includes investments in agriculture, brain tech and sports. The company made over $10 billion in profit in the first nine months of 2025 by investing rese