XRP Price Plummets Toward $1 as Technical Indicators Signal Deepening Bearish Trend

The XRP price has continued its downward trajectory in 2026, with the token trading significantly below its multi-year high. As of Thursday, XRP was valued at 64% below its peak of $3.66, raising concerns about a potential decline toward the $1 level. Technical analysis indicates that the $1.40-$1.45 range represents a critical resistance zone, where over 1.1 billion tokens were previously acquired. Any attempt to breach this level could trigger selling pressure from investors seeking to break even. On-chain data reveals a sharp decline in network activity, with daily active addresses dropping to around 50,000, a significant decrease from earlier in 2025. This reduction in user transactions may signal waning interest or confidence in XRP's near-term prospects. Institutional demand has also weakened, as evidenced by muted inflows into US-based spot XRP ETFs. March marked the first negative month for these ETFs since their launch, with assets under management falling from a peak of $1.24 billion in early January to approximately $947 million. Analysts at CryptoBasics have highlighted the importance of the $1.27 level as a short-term support for bulls to defend against further losses. A breakdown below $1.30 could confirm the continuation of the downtrend, potentially leading to a test of the $1.14 level and eventually the triangle's measured target at $1. The broader implications for XRP holders and market participants remain significant, as the token's performance could influence sentiment in the broader cryptocurrency market.