XRP drops 3% after failing to break $1.45 resistance

$XRP moved lower after another rejection near resistance, with rising volume confirming sellers remain in control of the short-term trend.

News Background

• $XRP has struggled to regain momentum since its July 2025 peak, continuing to trade within a broader corrective structure. The token remains roughly 60% below that high as market participants debate whether the current consolidation represents accumulation or continuation of the downtrend.
• Institutional positioning has offered mixed signals. Spot $XRP ETFs have accumulated roughly $1.24 billion in inflows over the past four months, while on-chain data shows large wallets adding to positions during recent dips.
• At the same time, derivatives activity has cooled significantly, with open interest declining sharply since late 2025 as leverage unwinds across crypto markets.
• Ripple’s supply dynamics also remain steady. The company re-locked 700 million $XRP into escrow on March 1 as part of its routine supply management cycle.

Price Action Summary

• $XRP declined 3.3%, falling from $1.4588 to $1.4108
• Price repeatedly failed to hold above the $1.43–$1.45 resistance zone
• Volume surged 74% above average during the main selloff
• A late-session break below $1.411 confirmed downside momentum

Technical Analysis

• The key technical event was the rejection from the $1.43–$1.45 resistance band, which triggered a sequence of lower highs and reinforced the prevailing descending channel structure.
• Once $1.411 support gave way on elevated volume, downside momentum accelerated, pushing $XRP toward the $1.40 area. Short-term structure now favors sellers while price remains below the prior support zone.
• Despite the weakness, the broader chart shows compression forming between downward resistance and rising support, with a potential triangle structure approaching its apex. This suggests the market may be nearing a larger directional move once current consolidation resolves.
• Key levels now cluster around $1.40 support and $1.43–$1.45 resistance.

What traders say is next?

• Traders are closely watching whether $XRP can stabilize above $1.40.
• Holding this level could allow the token to consolidate before attempting another move toward $1.45 and eventually $1.55, which analysts view as the first level that would weaken the broader bearish structure.
• A break below $1.40, however, would likely shift focus toward deeper support around $1.33, with some analysts pointing to the $1.00 zone as a potential longer-term reset area if selling pressure accelerates.