XRP Still Stuck In Bear Market Cycle With Threats Of A Price Crash To $1.13

bitcoinistPublished on 2026-03-23Last updated on 2026-03-23

Abstract

Despite positive developments around Ripple, XRP's price remains in a bearish cycle, failing to recover as Bitcoin struggles and altcoins suffer. A key support level at $1.452 was broken, increasing downside risk. Analyst RLinda notes further breakdown below $1.4236, with the next major support near $1.38. If that fails, the price could drop toward $1.13. On-chain data shows declining network activity, with falling trading volumes, reduced transactions, and a drop in unique accounts. Participation on the XRP Ledger has decreased significantly, and Real World Asset (RWA) adoption remains low with fewer than 4,000 holders. The bear trend persists, and a reversal depends on a broader crypto turnaround.

Even though there have been a number of positive developments surrounding Ripple, the XRP price has not seen any meaningful recovery during this time. This is no surprise given the fact that Bitcoin continues to struggle and altcoins are suffering as a result. Even now, coming out of the weekend, it seems that the XRP price decline is far from over. A major support level has been broken, and the altcoin is now being threatened by the most recent move.

Why XRP Price Could Crash Further

Crypto analyst RLinda shared an analysis on the XRP price, showing that there is a lot of bearish pressure on the cryptocurrency. This comes as the uptrend support that was established last week was broken over the weekend, pushing back the bulls after the recovery.

For now, though, the support trendline highlighted by the crypto analyst shows that the price has already broken its major support above $1.452. What this means is that the risk of a downtrend has become greater. As the cryptocurrency was coming out of the weekend, it broke through another support at $1.4236, marking what could be the beginning of another decline.

Now, with the XRP price looking to be in free fall, the next major support level lies just above $1.38. But even this hold is tentative at best and the bearish sentiment is still rampant. Once broken below, then the crypto analyst calls out $1.387 as the next area of interest.

Source: TradingView

Network Usage Still Struggling

Looking at the on-chain performance of XRP, it seems that the price is not the only thing that has been struggling. Data shows that participation on the XRP Ledger has dropped drastically, something that usually coincides with investors eventually pulling away from an asset.

XRP daily trading volumes are falling across exchanges, and likewise, the transaction volumes are also crashing on the ledger. Even unique account numbers seemed to have peaked and have now crashed toward the 12,000 mark.

The XRP Ledger also seems to be struggling in the Real World Assets (RWA) market, noting less than 4,000 holders on the network, data from RWA.xyz shows. All of these point to the fact that XRP is still stuck in a bear trend, and this could only be changed if there is a major turn in the tide in the crypto market.

Price resumes uptrend | Source: XRPUSDT on Tradingview.com

Related Questions

QAccording to the article, what is the next major support level for XRP price after breaking below $1.4236?

AThe next major support level for XRP price lies just above $1.38, with $1.387 being identified as the next area of interest once that level is broken.

QWhich crypto analyst provided analysis on XRP price showing bearish pressure and broken support levels?

ACrypto analyst RLinda shared an analysis on the XRP price, showing bearish pressure and broken support levels.

QWhat on-chain metrics indicate that XRP is struggling beyond just price performance?

AOn-chain metrics show that participation on the XRP Ledger has dropped drastically, daily trading volumes are falling across exchanges, transaction volumes are crashing, unique account numbers have declined to around 12,000, and there are less than 4,000 holders in the Real World Assets (RWA) market.

QWhat major support level did XRP price break above $1.452 according to the analysis?

AThe XRP price broke its major support above $1.452, indicating increased risk of a downtrend.

QWhat does the article suggest would be needed to change XRP's bearish trend?

AThe article suggests that XRP's bearish trend could only be changed if there is a major turn in the tide in the crypto market.

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941 Total ViewsPublished 2024.04.01Updated 2024.12.03

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