Ripple’s XRP, that shy creature, has managed a modest uptick in the past week, as if the entire cryptic carnival had suddenly remembered the word revival and decided to polish its tarnished monocle.
Yet, a chorus of analysts whispers that the price may plummet with the elegance of a staged tragedy, perhaps even slipping beneath the sacred $1 that the market loves to pretend is a price point of moral significance.
New Pullback Ahead?
Earlier this week, XRP attempted to reclaim the hallowed $1.50, but the gods of momentum shrugged and it now hovers around $1.39 (CoinGecko data in the oracle). The asset’s market capitalization stands near $85 billion, ranking it as the fourth-largest cryptocurrency, trailing behind BTC, ETH, and USDT-the grand parade, if you will.
One observer who has been closely tracking its performance is the X user TradingShot. In their view, XRP has wandered within a downward channel throughout its entire bear cycle, which, if the chart is to be believed, began in July 2025-shortly after the price puffed its chest to an all-time high of over $3.65.
TradingShot noted that the brutal February decline hit the previous target on the 1W MA200, suggesting the next pullback could lead to a deeper stumble to the 1M MA100 support, set at under $0.90.
“This level is critical as it formed the June 2022 bottom of the previous Bear Cycle. Our long-term Target is $0.9000,” the X user concluded.
X user WealthManager offered a bearish forecast as well. They deem XRP looking “very dangerous” right now, warning that a “huge drop could be imminent.”
Meanwhile, the famed Bitcoin educator and advocate Adam Livingston spoke witheringly against Ripple’s native cryptocurrency. He said he would rather have $100,000 in FTX customer refund claims than $100,000 in XRP.
“At least SBF might send a heartfelt apology from prison before he dies of old age,” Livingston added.
The Bullish Scenario
Despite the gloom-scented prophecies, many indicators suggest a northbound turn may be brewing. A chorus of market watchers points to the gargantuan purchases by large investors-almost 4.2 billion tokens, worth about $5.7 billion at current rates-since the October 10 crash.
This reduces the open-market supply, and even the laws of supply and demand, those stern bureaucrats, whisper that valuations could rise if demand remains unshaken. Moreover, whales appear confident and view lower prices as an opportunity, a siren song that could coax the small fry to dive in too.
XRP’s exchange netflow is next: over recent weeks, outflows have consistently exceeded inflows, signaling that investors are moving holdings off centralized platforms into self-custody. This shift reduces the coins immediately available for sale, easing short-term selling pressure.
The asset’s Relative Strength Index (RSI) is worth a noting. It has fallen to around 30 on a weekly scale, an oversold territory that can sometimes precede a rally. On the other hand, ratios above 70 are considered bearish by those who enjoy drama as a hobby.
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2026-03-07 08:44