 ▲ XRP |
XRP, which is retesting a key technical support line in the cryptocurrency market, has reached a historic trendline that previously triggered gains of several hundred percent, signaling the beginning of a massive rally.
According to crypto media outlet NewsBTC on March 5 (local time), XRP fell to the $1.1 level on February 6 after undergoing a correction of as much as 62% from its recent high. It is now attempting a rebound while once again testing a long-term ascending support trendline that has been in place for more than a decade. Amid a broader market recovery this week, XRP rose about 6% on Wednesday, demonstrating resilience, while Bitcoin (BTC) reclaimed the $70,000 mark, improving investor sentiment toward risk assets. Market analyst Sam Daodu noted that XRP’s current position mirrors the same support zone that preceded its 60,000% surge in 2017 and its 630% rally in 2024.
Daodu emphasized that, unlike previous explosive rallies, this retest of support is occurring with a strong institutional infrastructure in place in the form of a spot XRP ETF. The U.S. spot XRP ETF, launched in November 2025, has recorded four consecutive months of net inflows, attracting a cumulative $1.24 billion to date, with approximately 797 million XRP held in ETF custody. Institutional investors have also taken advantage of the recent price decline, accumulating an additional 170 million XRP and helping to defend against downside pressure.
On the supply side, Ripple re-locked 700 million XRP on March 1 following its regular escrow release cycle, limiting new supply entering the market and supporting price stability. In terms of seasonality, March has historically been XRP’s strongest month in the first quarter, delivering an average return of 18% over the past 12 years. The combination of these historical trends and institutional accumulation has heightened expectations for a technical rebound more than ever.
From a technical perspective, the key support level to watch is the $1.27 zone, which aligns with the 23.6% Fibonacci retracement level and has acted as a strong floor throughout the current correction. If XRP successfully holds this historic trendline and reverses upward, the likelihood of another exponential price surge similar to those in the past increases significantly. Investors are closely monitoring whether XRP can achieve an upside breakout in tandem with Bitcoin’s recovery above $70,000, focusing on price movements in the coming days.
As the integration of cryptocurrencies into the institutional financial system accelerates, XRP’s movement supported by its decade-old trendline carries significance beyond a simple technical rebound, potentially serving as a catalyst for expanding its market dominance. Substantial ETF inflows and large-scale institutional accumulation are strengthening the asset’s fundamentals and providing a crucial support base for future price discovery. At this historic inflection point, XRP is continuing its full-fledged move toward establishing a long-term upward trajectory underpinned by strong improvements in supply and demand dynamics.
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