As we near the conclusion of the first quarter of 2026, the cryptocurrency market remains on edge, especially for XRP holders. A recent analysis from crypto market observer More Crypto Online has painted a rather bleak picture for XRP, suggesting that the altcoin may still be in for a rough ride over the next few months. The analyst warns that XRP’s current price correction might not be finished, which raises concerns about a potential deeper pullback as we enter the second quarter.
Currently, XRP is trading in a narrow band between $1.30 and $1.35, a range it has occupied for the past five days. For nearly two months, the cryptocurrency has fluctuated between crucial support and resistance levels of $1.21 and $1.55. The analyst noted that despite the market’s volatility, XRP has maintained the lower boundary of this range, indicating a critical support zone that could dictate its next move. The upcoming price action may be pivotal in determining whether XRP can sustain a bullish trajectory or if it will experience a significant downturn.
According to the analysis, the prevailing market conditions suggest a bearish outlook for XRP in the short to mid-term. The analyst speculates that a complex “ABC structure” could develop unless a strong rally emerges. Should the price rise, it may attempt to reach a resistance area between $1.76 and $2.86 before ultimately retracing further downwards. This corrective move could see XRP potentially dipping to levels between $0.98 and $0.48, marking a significant 30% to 60% drop from its current position.
Amidst these concerns, some analysts are holding out hope for an early second-quarter relief rally. Chard Nerd has indicated that XRP could bounce back to the $1.80 to $2.00 range in the coming months, driven by historical patterns observed in previous cycles. However, he cautioned that such rallies are often followed by a return to bear market lows, suggesting that a retest of the 200-week Exponential Moving Average (EMA) could be in play. This potential bounce could lead to further consolidation before any substantial recovery occurs, possibly taking XRP back down to the $0.90 to $0.70 region later in the year.
As the market continues to grapple with uncertainty, XRP investors are advised to keep a close eye on these pivotal levels and trends. The next few weeks could prove crucial in defining the altcoin’s trajectory amidst the broader crypto landscape.