TLDR
- XRP currently hovers around $1.34, marking a 64% decline from its January 2018 peak of $3.84.
- Blockchain analytics reveal 36.8 billion XRP tokens are underwater, representing $50.8 billion in paper losses.
- Critical support exists at $1.33; breaking this threshold could send prices toward $1.25.
- Technical indicators including MACD and Chaikin Money Flow suggest continued bearish pressure.
- Market watchers identify $0.85–$0.95 as the next major support zone should Bitcoin fall beneath $60,000.
XRP faces mounting pressure this week, hovering around $1.34 following its inability to maintain critical price levels. The digital asset has surrendered nearly two-thirds of its value since reaching its historic peak.
Blockchain analytics platform Glassnode reveals that 36.8 billion XRP tokens are currently held below their acquisition price. This amounts to roughly $50.8 billion in paper losses distributed across the XRP ecosystem.
At current levels, ~36.8B XRPs are in loss. Denominated in USD, the unrealized loss is now $50.8B.
📉 https://t.co/oemb6IKnkt https://t.co/yTsIXWPFV4 pic.twitter.com/OJtVLCSggL— glassnode (@glassnode) March 8, 2026
The token reached its all-time high of $3.84 during January 2018. Today’s valuation represents approximately a 64% discount from that milestone.
During 2025, XRP experienced explosive growth. The asset surged past $1, then $2, and ultimately breached $3, pushing virtually all circulating tokens into profitable territory. That scenario has dramatically reversed course.
$XRP Bear Market Plan (Detailed View)$XRP has fallen 64% from its high.
Potential Entry Zones Over the Coming Months:$0.85–$0.95 — If Bitcoin breaks below $60,000 and drags the entire market down, this is the next area where historical buyers have clustered. It would… pic.twitter.com/U9fzWRXFvO
— Solberg Invest (@SolbergInvest) March 8, 2026
Following a short-lived rebound in January 2026, XRP encountered renewed selling pressure throughout February. Since that period, the token has struggled to mount any substantial comeback and continues drifting toward range lows.
Critical Technical Levels
XRP trades beneath both the $1.3550 mark and its 100-hour simple moving average. A descending trend line has emerged on the hourly timeframe, establishing resistance near $1.3520.
#XRP – The 21/50 EMA Trap & $8.5 Target 🎯:
Listen to charts, it is telling us something. 📢
The 21 EMA crossing below the 50 EMA has historically been a bearish momentum signal for #XRP. ( Check Red Circle and Arrow).
When this cross happens, price usually dumps once more… pic.twitter.com/YKAerDzmzj
— EGRAG CRYPTO (@egragcrypto) March 8, 2026
The MACD oscillator remains positioned beneath the zero threshold, indicating diminished buying interest. Chaikin Money Flow registers approximately -0.27, demonstrating sustained capital exits and reinforcing the near-term bearish outlook.
Initial resistance on any upward movement appears at $1.38. Clearing this barrier could propel XRP toward $1.40, with $1.50 as the next objective. Conversely, losing the $1.33 support floor exposes $1.30 and potentially deeper levels.
Wider Market Dynamics
The aggregate cryptocurrency market capitalization declined 1.19% to $2.3 trillion over 24 hours. Bitcoin retreated 1.12% to $67,166 during the equivalent timeframe. Spot Bitcoin ETFs recorded outflows exceeding $348 million earlier this week.
Market observers suggest that Bitcoin declining below $60,000 could drive XRP toward the $0.85–$0.95 support band. A more severe correction to $0.56–$0.66 would signal complete market capitulation, according to these analysts.
Glassnode metrics indicate that current unprofitable supply levels are nearing thresholds observed during prior bear cycles.
XRP was last quoted at $1.34, based on CoinGecko data.
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