Data shows that XRP may have hit the bottom | Credit: Hameem Sarwar
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Key Takeaways
XRP price has surged past the resistance line of a falling wedge.
However, some indicators flashed a bearish signal, while others did not.
Data suggests XRP could soon breach $1.98.
XRP is not having a glamorous week. Today, the altcoin is trading at $1.41, with a 24-hour range of $1.36 to $1.46 and a trading volume of $3.34 billion.
Its market cap sits at $86.63 billion, ranking it fourth among all cryptocurrencies. The altcoin has shed roughly 42% from its 2026 high.
Still, it does not imply that XRP’s price will continue to fall. In this analysis, CCN examines what could be next for the cryptocurrency in the short term.
XRP Breaches Key Resistance Line
On the 4-hour chart, XRP/USD trades at $1.41. But the chart is highlighting an important bottom formation near the green support zone at $1.36.
After surging from $1.36 to a high near $1.57 between March 9 and March 17, XRP reversed. A descending wedge formed in the aftermath, compressing XRP’s price steadily lower through a series of lower highs.
That wedge has now broken to the upside
The MACD confirms the shift. A fresh bullish crossover has just printed, with the MACD line at 0.0042 crossing above the signal at -0.0053. The histogram is turning green and building momentum from deeply negative levels.
However, one indicator flashes caution. The Holders Sentiment reads -4.6052, indicating that most XRP holders are frustrated.
While extreme negative sentiment can be a contrarian buy signal, it also reflects genuine underlying pessimism.
The immediate target on a continued bounce is the red resistance zone at $1.44.
In addition, breaking and holding above this zone would open the door toward the $1.55 resistance ceiling.
What X Is Saying
Meanwhile, community voices on X are divided but leaning cautiously bullish.
For instance, analyst @CW8900 added the same day that XRP’s estimated leverage ratio had dropped to 0.14, that all investors using leverage had been liquidated, and that this point generally marks the asset’s price bottom.
“The bull rally for $XRP has already begun. A green candle has appeared at the bottom of the rising channel, which is a historical bottom,” He added
However, @CryptoBull2020 called for a move to $5 in a Wave D pattern, while the broader XRP Army on X, represented by accounts like @Archie_XRPL, maintains a more aggressive stance.
XRP Price Prediction: No New Lows Soon
On the daily chart at Coinbase, XRP is confined in a symmetrical triangle.
Despite the modest red candle, the broader structure is forming a potentially explosive setup that deserves close attention.
After peaking near $3.38 earlier in the cycle, XRP’s price endured a brutal multi-month decline. The selloff sliced through every major Fibonacci level in succession — the 0.786, 0.618, 0.5, and 0.382 levels all gave way.
Price ultimately bottomed near $1.12 in early February before staging a recovery. Now, a symmetrical triangle has formed from that base, with both converging trendlines squeezing price toward an inevitable resolution.
The triangle’s apex is fast approaching. A breakout above the upper boundary would immediately target the 0.236 Fibonacci level at $1.65.
For context, this level also aligns with the Supertrend resistance at $1.59.
The indicators support the recovery thesis. The Awesome Oscillator (AO) reads 0.0129 — barely above zero but positive and rising steadily.
Meanwhile, the RSI has printed two consecutive bullish divergence signals. Notably, each has flagged exhausted selling pressure ahead of a bounce. The RSI currently sits at 46.89, neutral but trending higher.
The Supertrend remains bearish above the price for now. However, a daily close above $1.59 would flip it bullish, and that single event could unlock significant follow-through toward $1.98.
In a highly bullish case, XRP’s price could hit and $2.25 or beyond. On the contrary, a rise in bearish momentum could invalidate this thesis.
What Comes Next for XRP’s Price?
Outside the technical outlook, three scenarios define the near future. If the March 27 ETF approvals come through and the CLARITY Act advances in April, XRP could surge toward $2.45 (21Shares’ base case) or even challenge $2.60 (EGRAG Crypto’s target) within weeks.
Standard Chartered’s Geoffrey Kendrick maintains an $8 target for 2026, contingent on both the CLARITY Act passing and XRP ETF approvals being granted.
However, if the ETF decision disappoints or the bill stalls past April, XRP risks retesting the $1.27 support zone.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
