XRP faces retest risk near $0.70 as $1.41–$1.50 flips to resistance
Crypto traders are watching XRP as technical analysis points to renewed downside risk. XRP rose to about $1.60 on March 17, then fell roughly 15% to around $1.35 within five days, showing weakening short-term momentum.
Analysts highlight that repeated rejections in the $1.41–$1.50 zone have turned prior support into resistance. This failure to reclaim $1.41–$1.50 suggests XRP could break below $1 and first retest near $1.10 (Feb. 6 low). If that level does not hold, the next bearish target is $0.70, implying about a 48% drop from ~$1.35.
Multiple analysts align with a bearish structure. One notes a corrective bounce scenario, with a potential move toward $0.87. Another points to a macro fractal and Gaussian Channel support near ~$0.73, projecting a broader $0.80–$0.70 zone.
Bull case invalidation is clear: reclaiming $1.80–$2 would weaken the bearish outlook. For traders, this frames key levels—$1.41–$1.50 as the decision zone and $1.10 / $0.70 as downside checkpoints—while $1.80–$2 acts as the resistance to watch for trend reversal.
Bearish
The article’s core signal is bearish: XRP’s prior support at $1.41–$1.50 has flipped into resistance after repeated failures to reclaim it. That kind of “support-to-resistance” transition often precedes breakdowns, with traders re-pricing rallies as sell opportunities.
Near-term, the stated path is consistent with typical corrective-bounce behavior: first a retest around $1.10 (Feb. 6 low), then—if bids fail—a deeper move toward $0.70. Similar multi-touch resistance failures in past XRP cycles have commonly led to cascading stops below key round-number levels (like $1), increasing momentum to downside.
Longer-term, the bearish thesis is only challenged if XRP can regain the $1.80–$2 zone, which would indicate buyers can defend higher ranges again. Until then, market stability may worsen as liquidity hunts for lower support, potentially increasing volatility around $1.41–$1.50 and accelerating moves toward $1.10/$0.70.
Overall, the risk-reward skew favors bears unless XRP breaks back above the resistance band.