XRP risks 43% crash if key support breaks, analyst warns
XRP risks 43% crash if key support breaks, analyst warns 
Cryptocurrency Mar 24, 2026 Share
XRP is approaching a make-or-break level, with analysts warning that failure to rebound could trigger a steep 43% decline despite improving fundamentals.
XRP has been in a downtrend since July 21, 2025, extending through March 24, 2026; XRP is now testing a key support level within a broadening wedge pattern, a setup that often precedes sharp moves in either direction. Thus, the token appears set to either rebound toward resistance or break down into a deeper capitulation phase.
XRP/USD price 1M chart. Source: TradingView
If XRP fails to hold the lower boundary of the wedge and bearish sentiment deepens, EGRAG CRYPTO projects a 43% decline from current levels, with a target near $0.28. The analyst frames this potential drawdown as the asset’s final capitulation before the onset of the next bull cycle, noting that such a level would represent a retest of major breakout zones from the 2018 and 2021 cycle highs.
A sustained hold above the lower wedge boundary would be expected to trigger a rebound toward the upper boundary, which currently sits in the $3.50–$3.84 range. The altcoin’s all-time high (ATH) of approximately $3.84 represents a significant resistance milestone and an intermediate target within this scenario.
A confirmed breakout above the ATH of $3.84 would signal the beginning of a new price-discovery phase. Beyond the ATH, EGRAG CRYPTO forecasts a further 57% advance measured from the upper wedge boundary.
XRP price falls amid midterm uncertainty
As XRP price faces a crucial crossroads of either bearish continuation or sudden rebound, the altcoin has dropped 6.58% in seven days to trade about $1.40 at publication time.
XRP/USD 7D chart. Source: Finbold
If XRP price fails to rebound from its current levels, its midterm bearishness will be bolstered and vice versa.
