XRP, the utility token powering the open source and decentralized XRP Ledger, has seen sharp swings in price over the past few months, leaving traders uncertain about where the ongoing correction may end.
After dropping nearly 35% during the last quarter of 2025, XRP staged a short-lived rebound at the start of the new year. From Jan. 1, 2026, the token climbed from around $1.84 to nearly $2.41, briefly reviving bullish sentiment.
That recovery, however, failed to hold. XRP has since retraced roughly 41% from its recent highs and is now trading near $1.42 on CoinMarketCap, a price level last seen in late 2024. The correction has now stretched for nearly 5 months, adding to concerns as the broader crypto market experiences one of its deepest downturns in recent history.
With selling pressure persisting, many market participants are questioning how much further XRP could fall before finding a sustainable bottom.
Some analysts believe XRP may be following a familiar historical pattern. Comparisons have been drawn to the 2021 cycle, when the token went through a prolonged ABC-style correction before eventually resuming its uptrend. If the current structure continues to mirror that period, a potential bottom could form in the coming weeks.
Popular analyst Charting Guy recently shared his outlook on X, suggesting that XRP could bottom around $1.20 sometime in March 2026. He also warned of a possible brief move lower toward the $1.00 level, describing it as a shakeout designed to flush out weaker holders before a reversal.
This type of price behavior has appeared in past extended corrections, where markets probe lower levels before momentum shifts. From a technical standpoint, historical support zones remain important reference points.
In XRP’s case, a long-term ascending trendline that has held over multiple years currently sits around the $1.05 to $1.10 range. Analysts see this area as a potential strong support zone that could act as a base for a future rebound if broader market conditions stabilize.
For investors, the current decline is unsettling but not necessarily unusual. A move into the $1.20 to $1.00 range would still align with historical correction patterns seen in previous cycles.
If XRP ultimately follows its 2021 trajectory, the most severe phase of the correction could be nearing its end. However, it is important to note that this outlook is based on technical analysis rather than certainty, and market conditions can shift quickly due to macroeconomic or geopolitical events.
Still, historical trends can offer useful context. Should XRP find support and reverse higher, buyers who accumulate near key support levels may be well positioned for the next uptrend. Even a temporary dip toward $1.00 could be viewed by long-term investors as an opportunity rather than a breakdown.
As March approaches, traders are likely to monitor price action closely for signs of stabilization, changes in momentum, and shifts in sentiment. XRP’s next move will likely depend on how it interacts with these support levels, alongside broader developments across the crypto market.