 ▲ XRP (Ripple), Gold/ChatGPT-generated image © |
As the cryptocurrency market freezes amid escalating geopolitical tensions, XRP (Ripple) has been unable to escape a sharp downturn. However, signs of capitulation suggesting a potential bottom formation have emerged, fueling expectations for a major rebound rally in March.
According to crypto media outlet CoinGape on February 28 (local time), U.S. President Donald Trump confirmed large-scale combat operations against Iran, triggering widespread selling across digital assets. As a result, XRP plunged from its early 2026 high of $2.40 to as low as $1.27 before rebounding to $1.38. This marks a decline of 3.48% over the past two weeks and 23.34% over the past month.
On-chain data analysis shows that upper resistance between $1.76 and $1.80 remains relatively weak, with approximately 1.85 billion XRP—worth around $2.83 billion—accumulated in this range. The current price is barely holding above the $1.27 support level; if this defense line collapses, the bullish scenario would be invalidated, exposing XRP to the risk of a further drop to $1.11.
On the other hand, technical charts offer a hopeful outlook. Crypto analyst Chart Nerd noted that XRP remains firmly above its long-term ascending trendline dating back to 2018. Considering the previous two retests that led to powerful rallies, he projects that after this support phase, XRP could surge explosively to as high as $27.60. The outlet also reported that XRP has entered the fourth phase of its long-term cycle, setting $21.50 as a key target.
XRP’s Net Unrealized Profit/Loss (NUPL) chart currently indicates that investors have entered a capitulation phase, where losses are being realized. This phenomenon typically appears near the end of a bear market and began in early February, with expectations that it could conclude in the first week of March. The Spent Output Profit Ratio (SOPR) remains below 1, signaling continued stop-loss selling; a move above 1 would mark the beginning of a full-fledged recovery. Additionally, the historically positive seasonal factor—March’s average 12-year return of 18%—adds further support to the prospect of an upcoming rebound rally.
Disclaimer: This article is for investment reference only and the publisher is not responsible for any investment losses incurred based on its contents. The information provided should be interpreted for informational purposes only.