[DigitalToday reporter Yeseul Kim] XRP has fallen for five straight months, and the possibility of a rebound in March has been raised.

Cointelegraph reported on Feb. 26 (local time) that XRP tested the $1.30 to $1.35 support level twice, forming a double-bottom pattern. If the double-bottom pattern holds, it could rise to $1.68 to $1.70 if it breaks above the $1.50 neckline. That would mean a gain of about 20 percent from the current price.

Whale selling is also easing. According to CryptoQuant, XRP whale net outflows on a 90-day moving average basis narrowed from minus 33.5 million XRP in December last year to minus 3.29 million XRP recently. That means whales reduced selling despite a 25 percent decline. The number of wallets holding at least 1,000 XRP has also recently turned higher. It suggests whales have stopped selling and started accumulating at lows.

A similar pattern was seen in April 2025, when XRP rebounded more than 50 percent. If whale flows turn to net buying again, the likelihood of XRP reaching the $1.68 to $1.70 target increases. But the $1.68 to $1.70 range sits above XRP's 50-day moving average (EMA) resistance level, a threshold it failed to break throughout February. If it fails to break above that area, a bear pennant pattern that implies a 30 percent plunge is also possible.

Macro risks are another headwind. If AI-led risk aversion and tensions between the United States and Iran persist, XRP's upside could be limited. Investors should consider macro risks as well as technical analysis, the outlet reported.

Separately, market analyst Don Wedge (돈 웨지) said XRP could show a strong uptrend if it breaks above the top of the channel. Don Wedge said XRP formed a descending channel after peaking at $3.6 in July 2025. XRP has faced sustained downward pressure since January 2025 and is trading at $1.37, down 62 percent.