XRP suffered a sharp rejection at the $1.600 resistance area, a level that has capped prices since January 2026. This zone coincides with the daily Bollinger Band upper rail and the 38.2% Fibonacci retracement of the downtrend that began in early January, creating a triple-layer technical barrier.
Triple Resistance at $1.600
The $1.600 level also aligns with the Fibonacci correction point and the upper Bollinger Band limit. After touching this area, XRP quickly reversed, ending a short-lived rebound. Technical analysts noted a similar resistance structure in mid-February, when an Evening Star pattern triggered a roughly 18% decline.
Long-Legged Doji Confirms Reversal
The latest reversal produced a Long-Legged Doji on the daily candlestick chart. This pattern indicates intense tug-of-war between bulls and bears near a critical level, with the bears ultimately winning. Combined with the earlier Evening Star, consecutive reversal signals strengthen the bearish bias.
Next Target: $1.3395 Support
Given the persistent downtrend since January and the limited bounce, analysts expect XRP to continue lower toward the $1.3395 support. This level has repeatedly stemmed declines in late February and early March (sub-waves a, ii, iii). A break below would open the door to further losses.