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: TradingView
At 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 com
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