As we approach the end of 2026's first quarter, a crypto market watcher has shared a bearish outlook for XRP, warning that the altcoin's correction may not be over yet, and it risks a deeper pullback in the next few months. Related Reading: Bitcoin ‘Absolute Bottom' Next?
XRP (XRP) recovered sharply alongside the broader risk-on market, reacting to the headlines that the Iran war might wind down within two to three weeks, thus reducing the immediate fear of a prolonged oil shock and wider regional damage. The XRP/USD exchange rate jumped 4.84% from its weekly nadir of
Evernorth says the CLARITY Act could fast-track XRP adoption by cementing its commodity status in law and giving institutions the regulatory certainty they've been waiting for.
The long delay around the CLARITY Act is finally easing. On March 20, Senators Thom Tillis and Angela Alsobrooks said a deal has been reached with White House support on stablecoin rules. The agreement bans earning passive yield on dollar-backed stablecoins but still allows rewards tied to actual use, like payments and transfers.
One analyst has opened up about the recent SEC and CFTC joint classification. In the newly released framework, regulators classified 16 tokens, including Bitcoin, Ethereum, XRP, Solana, and even the surprise pick Shiba Inu, as digital commodities.
XRP is presently changing hands at $1.33, maintaining position above crucial support around $1.30 following several months of sustained downward pressure from peaks near $2.40. The digital asset has consolidated within a $1.30–$1.50 corridor for an extended period, while numerous alternative cryptocurrencies have plummeted toward or reached historic lows.
XRP trades at $1.36 with neutral RSI at 45.10. Technical analysis suggests potential move to $1.53 Bollinger Band resistance, while $1.28 support remains critical for bulls.
On Apr. 1, exactly 1 billion XRP (valued at roughly $1.34 billion) was released from Ripple's cryptographic escrow accounts.
XRP holds near $1.34 as 7.03B tokens leave exchanges and Binance scarcity hits a 2024 high, but persistent sellers keep capping upside.
XRP is struggling to hold $1.35. The market is preparing for further downside.
Record outflows and rising scarcity suggest accumulation, yet failure to break higher keeps setup unresolved.
XRP price started a recovery wave above $1.3120 and $1.320. The price is now consolidating and might aim for a fresh move above $1.360.