XRP declined after another rejection near resistance, with rising volume confirming that sellers remain in control of the near-term trend.
News context
- XRP has struggled to regain momentum since its July 2025 high, continuing to trade within a broader corrective structure. The token remains approximately 60% below this high as market participants debate whether the current consolidation represents accumulation or a continuation of the downtrend.
- Institutional positioning has given mixed signals. Spot
- At the same time, derivatives activity has slowed significantly, with open interest declining sharply since late 2025 as leverage unwinds in crypto markets.
- Ripple’s supply dynamics also remain stable. The company re-locked 700 million XRP into escrow on March 1 as part of its routine supply management cycle.
Price Action Summary
- XRP fell 3.3% from $1.4588 to $1.4108.
- Price failed to hold above the $1.43-$1.45 resistance zone
- Volume jumped 74% above average during the selloff
- A late break below $1.411 confirmed the bearish momentum
Technical analysis
- The key technical event was the rejection of the $1.43-$1.45 resistance band, which triggered a sequence of lower highs and reinforced the dominant structure of the descending channel.
- Once the $1.411 support gave way due to high volume, the downward momentum accelerated, pushing XRP towards the $1.40 area. The short-term structure now favors sellers while the price remains below the previous support zone.
- Despite the weakness, the broader chart shows a squeeze forming between downside resistance and ascending support, with a potential triangle structure approaching its top. This suggests that the market could be approaching a larger directional move once the current consolidation resolves.
- Key levels are now clustering around support at $1.40 and resistance at $1.43 to $1.45.
What do traders think is next?
- Traders are closely watching whether XRP can stabilize above $1.40.
- Maintaining this level could allow the token to consolidate before attempting another move towards $1.45 and possibly $1.55, which analysts see as the first level that would weaken the broader bearish structure.
- However, a break below $1.40 would likely shift attention to deeper support around $1.33, with some analysts pointing to the $1.00 area as a potential longer-term reset zone if selling pressure accelerates.
