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 exp
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