XRP, the utility token in the open-source, permissionless and decentralised technology XRP Ledger (XRPL), has been on a rollercoaster ride in recent months.
After a sharp decline of around 35% in the last quarter of 2025, the token briefly rebounded.
From January 1, 2026, XRP jumped from about $1.84 to nearly $2.41.
However, the rally quickly lost momentum, and the token has retraced approximately 41% and is now trading near $1.42 on CoinMarketCap, a level last reached in late 2024.
Notably, the ongoing correction has lasted for about five months, and many traders are now wondering how low the XRP price could go before finding a bottom, especially seeing that the crypto market is currently going through one of its worst corrections in history.
Historical patterns suggest a potential bottom
Analysts have pointed out that XRP may be following a correction pattern similar to 2021.
Back then, the token experienced a prolonged ABC correction before resuming its uptrend.
If history repeats itself, XRP could see a bottom in the coming weeks.
One well-known analyst, Charting Guy, recently shared his expectations on X, suggesting that the bottom could be around $1.20 in March 2026.
He also warned of a possible “wick” down to $1.00, designed to shake out weaker holders.
$XRP
repeating 2021, bottom in march roughly around $1.20 imo
maybe wick to $1 to scare the hoes
bear market almost over
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This approach is consistent with past behaviour during extended corrections. The idea is that the market often tests lower levels before reversing.
Historical support levels have played a key role in past recoveries. In XRP’s case, a multi-year ascending trendline may act as strong support.
This trendline currently intersects around $1.05–$1.10. It could provide a solid foundation for a potential rebound.
What this means for investors
While the current decline can be worrying, history offers some guidance.
A further drop to the $1.20–$1.00 range would not be unusual in the context of prolonged corrections.
If XRP follows the 2021 pattern, the worst may soon be behind it.
Investors should, however, note that this analysis is based on technical trends, not guaranteed outcomes.
Market conditions can change rapidly, and unexpected events can influence price action.
That said, understanding historical patterns can help anticipate possible market behaviour.
If XRP does rebound as expected, early buyers at support levels could benefit from the next uptrend.
Even a wick down to $1.00 may present a buying opportunity for long-term investors.
Timing the market precisely is always challenging, but historical trends provide valuable insights.
As March approaches, traders and investors should closely watch for signs of a bottom.
The current scenario mirrors past corrections, suggesting that the bear market could soon end.
XRP’s next move may depend on a combination of support levels, investor sentiment, and broader market trends.
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