A few days ago he saw XRP decline to $ 1.60 on March 17, and the cryptocurrency is now back to trading below $ 1.40, fighting to hold the ground within a collapsing technical structure that has removed more than 60% of its value since the peak of July 2025.
According to a crypto analyst, the recent rejection in the attempt to rest was not just a failed rally but a warning sign that downside pressure is still in control. That leaves the price at a critical point where one moves higher can reveal very weak levels, today we are at 0.75 $.
Rejection From Breakout Keeps Altcoin Under Pressure
XRP pushed up at the beginning of the last week and rose to around $1.60, but that strength didn’t last. I the motion was quickly rejectedand instead of opening the door to a strong recovery, it turned into another failed push that saw XRP fall below $1.50 and is now below $1.40 at the time of writing. Notably, that price action gave some traders a valuable clue when it failed to hold above a recent break.
That rejection is significant because it came within the largest bearish channel that has existed since XRP topped $3.65 last year. All rescue attempts within that channel have ultimately failed, and the latest appears to be following the same script. As it is, the price is now approaching the lower line of the channel.
Crypto Guy on the Earth analyst point to the middle ground $1.34 and $1.36 as the current line of defense. That area is important because it combines two technical aspects at once: the lower border of the small rectangle that the altcoin was trading in and the support connected to the structure of a wide descending channel.
XRP Price Crash Too Far
According to the analyst, a net loss of $1.34 to $1.36 may change focus to $1.20 almost immediately. However, the next leg may be out of order, too any separation that may come with it exaggerated candles and long strings in the coming weeks.
The analyst also proposed a major downside contingent on the token breaking below $1.20. The long-term channel support line meets below the $1.00 price level and continues to decline. If the $1.20 support is able to fully come in, this could see the XRP price drop as low as $0.75. “It would be wise to accept this possibility,” he said.
However, XRP still can temporary jump stage from the current price, a pullback to $1.50 to retest the upper boundary of the small rectangle that XRP has been trading in. At the time of writing, XRP is trading at $1.37, down 2.2% and 7.4% in 24 hours and seven days, respectively.
Featured image from Shutterstock, chart from Tradingview.com
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