- XRP trades near $1.34 after a 64% drop from its peak, with $1.33 acting as a key short-term support level.
- Analysts identify $0.85–$0.95 as the next major XRP support if Bitcoin falls below $60,000.
- Worst-case scenario places XRP at $0.56–$0.66, a range where the token traded during 2023–2024.
A crypto analyst has shared a cautious view on XRP after the token lost much of its recent gains. XRP now trades far below its earlier peak, and market pressure remains across major digital assets. The analyst said several price zones could become important if selling continues. The most severe scenario places XRP back in the $0.56 to $0.66 range, which acted as a base before the previous breakout.
XRP Declines 64% From Its Peak
XRP has dropped about 64% from its recent high during the latest market downturn. The token traded near $1.34 at the time of the latest analysis. The price remains close to a key support level that traders are watching.
Market conditions across cryptocurrencies remain mixed. Bitcoin price movements continue to influence sentiment across the sector. When Bitcoin weakens, many altcoins also face selling pressure.
The analyst said XRP could test lower zones if broader market conditions worsen. He explained that previous market cycles show that XRP can experience deep corrections during bear phases.
Key Support Levels Traders Are Watching
The first major support area sits between $0.85 and $0.95. This zone may appear if Bitcoin falls below the $60,000 level and market confidence weakens.
$XRP Bear Market Plan (Detailed View)$XRP has fallen 64% from its high.
Potential Entry Zones Over the Coming Months:$0.85–$0.95 — If Bitcoin breaks below $60,000 and drags the entire market down, this is the next area where historical buyers have clustered. It would… pic.twitter.com/U9fzWRXFvO
— Solberg Invest (@SolbergInvest) March 8, 2026
Historical data shows that buyers were active in this range during earlier corrections. The analyst said this level could attract traders looking for long-term accumulation.
“If Bitcoin breaks under $60,000, the entire market could move lower,” the analyst said. “That could bring XRP into the $0.85 to $0.95 zone.”
This range would represent a large drop from recent highs. However, similar declines have occurred during past cycles.
Worst Market Scenario Targets $0.56–$0.66
A deeper market downturn could push XRP into the $0.56 to $0.66 range. The analyst described this zone as a worst-case scenario if the market enters full capitulation.
XRP traded within this range during much of 2023 and early 2024. The price remained there before the breakout that started the latest rally.
A return to that level would remove most of the gains recorded during the current cycle. It would also reflect widespread selling across the digital asset market.
Despite the bearish scenario, the analyst noted that previous support areas often attract long-term buyers.
Short-Term Indicators Show Weak Momentum
Technical indicators currently show limited buying strength in the short term. The Moving Average Convergence Divergence indicator sits slightly below the zero line. This reading suggests fading upward momentum.
The Chaikin Money Flow indicator stands near -0.27. That value shows that capital continues to move out of the asset.
As long as XRP holds above $1.33, traders may watch for a move toward $1.40. A strong four-hour close above that level could open a path toward the $1.50 resistance area.
If $1.33 fails, the price could slide toward $1.30. Further weakness could push XRP closer to the $1.25 support level in the near term.
