A trading expert sets the day when XRP will fall to $0.8


A marketing expert has outlined a possible way forward XRP imagesindicating that the digital asset could drop to $0.80 in the coming months.

In a TradingView post on March 20, the analysis is TradingShot it was based on a technical analysis of the weekly chart of XRP, which shows that the stock has entered a bearish zone after being rejected at the 50-week moving average (MA) over $2.5.

That resistance was the start of a sustained decline, with the stock price continuing to weaken in the following months.

XRP tried to recover from its 200-week moving average near $1.05 but failed to recover from its 100-week moving average around $1.30, encouraging a bullish trend.

XRP price. Source: TradingView

At the same time, TradingShot The view noted that the current cycle shows a decline in 2019 and 2022, when similar trends appeared in the middle and led to a final offer. The levels based on the Fibonacci period indicate that XRP is now in the terminal phase.

A slow break of the 200-week close to $1.05 may lead to the next leg down, and the price may be directed to the 100-month moving average of $0.85, an important historical level. Further support comes from the six-year trend that is rising near $0.80, reinforcing a strong potential downside zone.

The lowest price of XRP shares

Together, these signals point to an upper range between $0.90 and $0.80, with the upper part corresponding to 0.618 Fibonacci A retracement is a bottom built with the help of a system for a long time.

The chart shows that this zone could be reached in the middle of December 2026, which indicates that XRP is about to turn around.

The show comes after crypto currency briefly rose between $ 1.50 and $ 1.57 around March 17 before retreating amid major warnings, including the March 18 Federal Reserve decision. After breaching $1.45 on strong volume, the run stopped, leaving the price bearish.

At the same time, the legal clarification from the US government to classify XRP as a digital asset has been seen as interesting but has not been translated into a formal meeting.

The price of XRP

As of press time, XRP was trading at $1.45, down 0.3% in the past 24 hours, while on the weekly chart the stock is up nearly 4%.

The price of XRP shares. Source: Finbold

At the current price, XRP is sitting directly on its 50-day moving average, showing short-term parity but a lack of momentum.

However, the price remains below the 200-day simple moving average of $2.14, indicating that the broad trend is still in place.

14-day dynamic index (RSI) stands at 50.69, indicating neutrality with neither overbought nor oversold.

This suggests that the market is in a consolidation phase, although putting it below long-term interest rates will keep sentiment down unless there is a buying problem.

Image courtesy of Shutterstock



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