The XRP price returned to a technical level that, historically, has defined some of its most explosive rallies. After enduring a sharp 62% correction that culminated in a drop toward $1.10 on February 6, the token is once again testing its long-term ascending support trendline.
Amid this, the broader crypto market has shown signs of recovery this week, offering some relief. On Wednesday, the XRP price rebounded roughly 6%, while Bitcoin (BTC) climbed back above the critical $70,000 level, restoring a measure of optimism across risk assets despite ongoing global tensions.
Historic XRP Price SupportWhat makes this retest different, Daodu noted, is that it is happening for the first time with a fully established spot XRP Exchange-traded fund (ETF) infrastructure behind it.
March seasonality adds another layer to the setup. Over the past 12 years, XRP has delivered an average return of 18% in March, making it statistically the strongest month of the first quarter.
$4 Target EmergesBelow that, the $1.10–$1.11 zone marks the precise location of the long-term ascending trendline that held in February. A decisive break beneath $1.10 would represent the first failure of this channel since 2015 and could expose the XRP price to a deeper pullback toward $0.85–$1.00.
Beyond that range, on-chain data shows roughly 1.85 billion XRP accumulated between $1.76 and $1.80, a zone where holders may look to exit at breakeven, potentially creating substantial resistance.
The most significant supply cluster lies between $2.40 and $2.60; a weekly close above that band would invalidate the broader descending structure and signal a more decisive trend reversal.
Combining historical March strength, capitulation signals, and structural supply constraints, Daodu suggests the XRP price could potentially reach a range between $2.50 and $4.00 by late 2026.
Featured image from OpenArt, chart from TradingView.com
