The past few days saw XRP rejecting at $1.60 on March 17, and the cryptocurrency is now back to trading below $1.40, struggling to hold ground within a deteriorating technical structure that has erased more than 60% of its value since the July 2025 peak.
Rejection From The Break Keeps The Altcoin Under PressureThat rejection matters because it came inside a much larger falling channel that has been in place since XRP topped above $3.65 last year. Every recovery attempt inside that channel has eventually rolled over, and the latest one appears to be following the same script. As it stands, the price is now approaching the lower trendline of the channel.
XRP Price Crash Far From Over The analyst also proposed a more substantial low that’s contingent on the token breaking below $1.20. The long-term channel support line converges below the $1.00 price level and continues sloping downward. Should the $1.20 support give way entirely, this could see the XRP price fall to as low as $0.75. “It would be prudent to accept this potential scenario,” he said.
