I get this error:
xcrun: error: invalid active developer path (/Applications/Xcode.app), missing xcrun at: /Applications/Xcode.app/usr/bin/xcrun
[Update] The steps below are for OS X 10.10 (Yosemite). Those experiencing this because of an upgrade to 10.11 (El Capitan) seem need to only run sudo xcode-select --install
as described in the accepted answer.
I found a suggestion here which indicated
sudo xcode-select -switch /
as the fix. However, this threw an error that the developer path was invalid.
Instead, for me, I modified this to
sudo xcode-select -switch /Applications/Xcode.app/Contents/Developer/
(which is a mixture of the two referenced link solutions) and this worked.
[Edit]
Try using
xcode-select --print-path
to find your developer path if /Applications/Xcode.app/Contents/Developer/ is still invalid for you.