XRP recently faced resistance around $1.60 on March 17th and has since fallen back below $1.40. Its technical indicators are weakening, and the cryptocurrency has lost over 60% of its value from its high point in July 2025.
A crypto analyst believes the recent price drop wasn’t just a temporary setback, but a signal that the price is still likely to fall further. This puts the price in a vulnerable position, and another drop could lead to it falling as low as $0.75.
Rejection From The Break Keeps The Altcoin Under Pressure
XRP’s price rose at the beginning of last week, briefly reaching around $1.60, but this increase didn’t last. The price quickly fell back down, and instead of starting a significant recovery, it proved to be another unsuccessful attempt, causing XRP to drop below $1.50 and then below $1.40. This decline signaled to some traders that the price wasn’t able to maintain its recent upward momentum.
As a researcher, I’m observing that this recent price rejection is significant because it’s happening within a larger, established downtrend that began after XRP reached its peak above $3.65 last year. We’ve seen several attempts at price recovery within this trend, and each one has ultimately failed. It looks like this latest recovery is playing out the same way, and the price is now nearing the lower boundary of that trend.
According to crypto analyst Guy on the Earth, the price range between $1.34 and $1.36 is a key support level. This area is significant because it’s both the bottom of the altcoin’s recent trading range and a support level within a larger downward trend.
XRP Price Crash Far From Over
The analyst believes that if the price falls cleanly to between $1.34 and $1.36, attention will likely quickly turn to a price of $1.20. However, the next price drop might not be smooth, and could involve sharp, sudden movements with large price swings over the next few weeks.
The analyst suggests XRP could fall further if it drops below $1.20. They point out that long-term support currently sits near $1.00 and is trending downward. If the $1.20 support level fails, the price could potentially drop to $0.75, a scenario the analyst advises considering.
Despite recent declines, XRP might briefly rise again, potentially reaching $1.50. This would test the upper limit of the trading range it’s been in lately. Currently, XRP is priced at $1.37, which represents a 2.2% drop in the last 24 hours and a 7.4% decrease over the past week.
Read More
- ETH PREDICTION. ETH cryptocurrency
- Gold Rate Forecast
- Brent Oil Forecast
- Silver Rate Forecast
- WLFI: Oh, the Drama! 📉
- TRX PREDICTION. TRX cryptocurrency
- Crypto Chaos Unleashed: Shocking Gains and Ironic Downfalls 😂
- Whales Gone Wild: Bitcoin’s Dramatic Buying Spree! 🐋💰
- Crypto Wars: When Terror Funding Meets Bitcoin, Who Wins?
- Crypto Whirlwind: How DeepBook’s Wild Ride Might Just Make You Smile 😏💸
2026-03-23 20:43