Key Highlights
- XRP is hovering near $1.36 as its daily chart tests the lower edge of a bear flag pattern.
- CoinGlass data shows long liquidations dominated the past 24 hours, pointing to forced bullish exits.
- A confirmed breakdown from the flag could open the door toward the psychologically important $1 level.
XRP is again sitting at a make-or-break level, with the price hovering near $1.36 as bearish pressure builds across the daily chart. The token remains stuck below its key moving averages, and the latest structure now resembles a bear flag, a continuation pattern that often breaks lower if support fails.
The setup has turned more fragile as liquidation data shows bulls are absorbing most of the pain. With XRP unable to reclaim $1.40 and momentum fading again, traders are increasingly asking whether the token is heading for a deeper unwind toward $1.
Bear flag keeps XRP under pressure
On the daily chart, XRP appears to be trading inside a rising flag after a sharp sell-off earlier this year. That kind of structure usually reflects a weak relief bounce within a broader downtrend rather than a true reversal. Now, with price leaning on the lower boundary of the pattern near $1.36, the market is nearing a decision point.
The broader trend still favors sellers. XRP is trading below the 20-day moving average near $1.41, while the longer moving averages remain much higher, showing that bulls have not regained meaningful trend control. The 50-day moving average near $1.66 and the 200-day around $2.06 continue to hang overhead, leaving multiple resistance layers above current price.
The flag itself matters because of what came before it. XRP first saw a steep decline, then entered a choppy upward-sloping consolidation. In technical terms, that keeps the door open for a continuation move lower if the lower trendline gives way.
Why the $1 target is back in focus
If XRP breaks down decisively from this flag, the measured move points to a possible decline toward the $1 region. That target comes from projecting the size of the earlier drop from the eventual breakdown point of the flag.
That does not mean XRP must fall straight to $1, but it explains why that level is back in the discussion. Once a bearish continuation pattern forms after a strong decline, traders tend to watch the full measured move rather than just the next nearby support.
Before that, the immediate area to watch remains around $1.35-$1.36. If this zone fails cleanly, it would weaken the current structure and likely shift attention toward $1.30 first, before any broader move toward the $1 psychological level starts to look realistic.
On the upside, XRP would need to reclaim $1.40 and then push back above the 20-day average to reduce immediate breakdown risk.
MACD also suggests momentum is slipping
The daily MACD is also starting to lean bearish. The histogram has turned red again, while the MACD and signal lines are flattening in negative territory. That is not a full collapse in momentum yet, but it does show that the recent rebound attempt is losing steam.
Combined with the bear flag structure, it paints a clear picture: XRP is not breaking out, it is fading into support.
CoinGlass data shows longs are taking the hit
Derivatives data adds to the bearish case. According to the liquidation snapshot shared from CoinGlass, XRP saw about $6.94 million in 24-hour liquidations, and nearly all of that came from long positions. Long liquidations totaled roughly $6.41 million, versus just $525,000 from shorts.
That imbalance is important because it suggests the latest price weakness was not driven only by calm profit-taking. Instead, leveraged bullish bets were being forced out as the price moved lower. When long liquidations dominate like this, they can amplify the decline by triggering more automatic selling into an already weak market.
The exchange breakdown shows Bybit led the liquidation totals, followed by Binance, Bitget, and OKX, indicating that the selling pressure was spread across major venues rather than isolated to one platform. The single largest liquidation was listed at more than $248,000, while the peak liquidation hour came late on March 26.
In other words, this was not just a soft drift lower. Bulls were being squeezed out of the market.
What traders are watching now
The short-term battle is simple. If XRP can defend the $1.35-$1.36 zone and reclaim $1.40, the current breakdown threat may ease. But if bears force a daily close below flag support, the structure would shift clearly in their favor.
That is why the $1 narrative is gaining traction again. It is not just fear-driven speculation — it comes from a weakening chart pattern, overhead resistance from major moving averages, fading momentum, and liquidation data showing longs are already being flushed out.
For now, XRP has not crashed to $1. But with heavy selling back in control and bulls losing leverage, the chart is starting to show how that scenario could move from sensational headline to real market risk.
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