A trading expert has outlined a possible bearish trajectory for XRP, projecting that the digital asset could decline toward $0.80 in the coming months.
In a TradingView post on March 20, analysis by TradingShot was based on a technical assessment of XRP’s weekly chart, which shows the asset entered a sustained downtrend after being rejected at its 50-week moving average (MA) just above $2.5.
That rejection marked the beginning of a persistent decline, with price action continuing to weaken in the months that followed.
XRP attempted a rebound from the 200-week moving average near $1.05 but failed to reclaim the 100-week moving average around $1.30, reinforcing the broader bearish trend.
XRP price analysis chart. Source: TradingViewAt the same time, TradingShot’s outlook noted that the current cycle mirrors downturns in 2019 and 2022, where similar patterns emerged past the midpoint and led to final capitulation. Time-based Fibonacci levels suggest XRP is now in a comparable late-stage phase.
A break below the 200-week moving average near $1.05 could trigger the next leg lower, with price likely heading toward the 100-month moving average around $0.85, a key historical support level. Further support comes from a six-year ascending trendline near $0.80, reinforcing a strong potential bottom zone.
XRP’s next price target
Together, these signals point to an accumulation range between $0.90 and $0.80, with the upper level aligned to the 0.618 Fibonacci retracement and the lower bound supported by long-term structure.
The chart suggests this zone could be reached by mid-December 2026, marking a potential cycle bottom for XRP.
The outlook comes after the cryptocurrency briefly rose to between $1.50 and $1.57 around March 17 before pulling back amid macro-driven caution, including the March 18 Federal Reserve decision. After breaking $1.45 on strong volume, momentum stalled, leaving the price range-bound.
At the same time, regulatory clarity from U.S. authorities classifying XRP as a digital commodity has been viewed positively but has yet to translate into a sustained rally.
XRP price analysis
By press time, XRP was trading at $1.45, having dropped 0.3% in the past 24 hours, while on the weekly chart the asset is up almost 4%.
XRP seven-day price chart. Source: FinboldAt the current price, XRP is sitting directly on its 50-day simple moving average, signaling short-term equilibrium but a lack of clear momentum.
However, the price remains well below the 200-day simple moving average at $2.14, indicating that the broader trend is still bearish.
The 14-day relative strength index (RSI) stands at 50.69, reflecting neutral momentum with neither overbought nor oversold conditions.
This suggests the market is in a consolidation phase, though positioning below the long-term moving average tilts the overall outlook to the downside unless stronger buying pressure emerges.
Featured image via Shutterstock
Source: https://finbold.com/trading-expert-sets-date-when-xrp-will-crash-to-0-8/
