Is XRP Price Setting Up for a 20% Rebound in March?
#Market Analysis
XRP has fallen over 50% since October, but technical data suggests a possible 20% recovery this month. A double-bottom pattern targeting $1.70 remains valid if the price breaks the $1.50 neckline. On-chain metrics show whale distribution has slowed, with large holder balances increasing.
XRP has declined more than 50% since October 2025, recording five consecutive monthly losses. We need to determine if March will end this bearish trend. Technical analysis indicates a double-bottom pattern targeting $1.70. This setup remains valid only if the price breaks the $1.50 neckline with volume. We should watch for a sustained move above this level. On-chain data shows whale distribution has cooled. Large holder balances are rising, which suggests reduced selling pressure. This improves the probability of a bullish reversal. However, we must consider the risk of failure if the neckline is rejected. The market structure remains bearish until proven otherwise. We will wait for confirmation before entering any positions.
