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Reading: Selling pressure increases as XRP price tests $1.35 level
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EdaFace Newsfeed > Latest News > Altcoin News > Selling pressure increases as XRP price tests $1.35 level
Altcoin News

Selling pressure increases as XRP price tests $1.35 level

vitalclick
Last updated: March 8, 2026 8:46 pm
1 day ago
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Contents
Price weakening and structural balance signals stand outTechnical indicators point to consolidationCritical support and resistance levels are being monitored for XRPThe $1.50 level is the target for a possible recoveryMacro market cycles and XRP’s current outlook

In the cryptocurrency market, in the first week of March, the XRP price is trying to hold on to the level of $ 1.35. After recently rising to $1.43, a downward movement was observed again due to the withdrawal in the general market. In the last 24 hours, the XRP price decreased slightly by 0.37 percent to around $1.35.

Price weakening and structural balance signals stand out

The XRP chart shows that the price has remained above critical supports in recent days, despite the increasing selling pressure in the market. Especially in the short term, a correction was expected after the Stochastic RSI indicator reached the overbought zone. The fact that the cryptocurrency closed at $1.36 during this period indicates that the relaxation in the market is a natural correction.

XRP price surpassed an important resistance level at the beginning of the week, turning this area into a support position. The fact that the price holds above this zone indicates that there is no significant deterioration in the market structure despite the short-term weakness. However, while daily transaction volumes remained below average, the influence of sellers began to increase as supply prevailed over demand.

Technical indicators point to consolidation

Looking at market technicals, XRP is currently considered to be in a sideways movement without finding a clear direction. As the MACD indicator approaches the neutral zone, it stands out that the sales momentum has decreased and the search for balance has begun in the market. The slowdown in the OBV indicator reveals that buyer interest has temporarily decreased.

On the other hand, it is observed that the recent price movements are seller-oriented due to the stagnation in transaction volume. Although this creates a short-term downward pressure, the price continues to fluctuate within a wide band. While buyers and sellers display a cautious attitude in the current outlook, horizontal consolidation is noteworthy on the daily chart.

Critical support and resistance levels are being monitored for XRP

Structurally, $1.33–$1.35 has been an important support zone for XRP. While the price has been fluctuating in this band since September 2025, the positive divergence in momentum indicators raises the possibility of a possible reversal. While it is emphasized on the daily charts that this signal may herald a strong recovery, it is stated that if the price is pulled below these levels, there may be a weakening in the short term.

If the price slides below $1.34, the downside could gain momentum; However, in a possible reversal, the price may rise above the support again. Market participants are waiting for the direction to become clear and are looking for new signals for large trades.

The $1.50 level is the target for a possible recovery

Although uncertainty continues in the short term, it is emphasized that XRP has not completely lost its upside potential. For the medium-term positive scenario, the $ 1.50 level stands out as the critical resistance point in the market. Exceeding this zone may cause the upward movement to strengthen and the current squeeze to be broken. Investors closely watch the price’s reaction between support and resistance points.

Macro market cycles and XRP’s current outlook

At a macro level, general trends in the cryptocurrency market continue to influence XRP price movements. XRP, which has performed poorly in March in the past, is trading with a slight decrease compared to the beginning of this year. Market corrections combined with this seasonal effects increased volatility and put temporary pressure on the price.

In the long term, interest in the XRP ecosystem is shaped around the developments in Ripple and the usage areas of the XRP Ledger. In addition, new investment instruments such as the possible Grayscale XRP ETF, which are on the agenda for institutional investors, are also closely followed.

The price is focused on maintaining the $1.33 support in the short term. If buyers can defend this level, a recovery movement may come to the fore; However, a continued decline below support could trigger a stronger downtrend.

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