The XRP price returned to a technical level that, historically, has defined some of its most explosive rallies. After enduring a sharp 62% correction that culminated in a drop toward $1.10 on February 6, the token is once again testing its long-term ascending support trendline.<\/p>\n
Amid this, the broader crypto market has shown signs of recovery this week, offering some relief. On Wednesday, the XRP price rebounded roughly 6%, while Bitcoin (BTC) climbed back above the critical $70,000 level, restoring a measure of optimism across risk assets despite ongoing global tensions.<\/p>\n
In a Wednesday report<\/a>, market analyst Sam Daodu pointed out that the XRP price is sitting on the same rising trendline that has historically preceded dramatic upside moves \u2014 including a 630% rally in 2024 and an extraordinary surge of more than 60,000% in 2017.\u00a0<\/p>\n What makes this retest different, Daodu noted, is that it is happening for the first time with a fully established spot XRP Exchange-traded fund (ETF) infrastructure behind it.<\/p>\n Since their launch in November 2025, US spot XRP exchange-traded funds<\/a> have attracted $1.24 billion in cumulative inflows over four consecutive positive months. Approximately 797 million XRP are now held in ETF custody.\u00a0<\/p>\n At the same time, institutional wallets accumulated an additional 170 million XRP during the most recent price dip. Ripple also re-locked 700 million XRP into escrow on March 1, maintaining its standard release cycle and limiting new supply<\/a> from entering the market.<\/p>\n March seasonality adds another layer to the setup. Over the past 12 years, XRP has delivered an average return of 18% in March, making it statistically the strongest month of the first quarter.\u00a0<\/p>\n From a technical standpoint, the $1.27 level represents the first area of support to monitor. It aligns with the 23.6% Fibonacci retracement level <\/a>and has served as a bear market floor throughout the correction.\u00a0<\/p>\n Below that, the $1.10\u2013$1.11 zone marks the precise location of the long-term ascending trendline that held in February. A decisive break beneath $1.10 would represent the first failure of this channel since 2015 and could expose the XRP price to a deeper pullback toward $0.85\u2013$1.00.<\/p>\n$4 Target Emerges<\/h2>\n