XRP has recently come under pressure in the spot market, once falling below the key support level of $2.32, with a low of $2.21. However, trading volume significantly increased at the lows, indicating a clear “capitulation-style” sell-off. Subsequently, buying interest quickly entered the market, stabilizing and pushing the price higher. In the short term, the market’s focus is on whether XRP can regain the $2.31–2.32 range, thereby alleviating the current downward pressure.
From the price action perspective, there was strong demand absorption around $2.21. On that day, trading volume rose to 256.3 million coins, more than 140% above the average, but the price did not continue to break lower, indicating effective absorption of selling pressure. The rebound was repeatedly blocked at $2.31, which has now become the primary resistance level. Before reclaiming this zone, the short-term trend remains weak, but the 60-minute chart shows that the $2.258–2.260 area has formed a short-term defense zone, with lows gradually rising, suggesting the market is attempting to build a phase bottom.
What is more noteworthy is the change in relative strength. Analyst The Great Mattsby pointed out that the XRP/BTC monthly chart is approaching the upper edge of the Ichimoku cloud, which could be the first effective breakout signal since 2018. Historically, a monthly cloud breakout often indicates that the asset may outperform Bitcoin in the medium to long term, rather than just a short-term rebound. This signal is especially significant in the context of the “cross-asset rotation” at the beginning of the year.
It should be emphasized that the bullish structure of XRP/BTC more reflects an improvement in relative strength rather than an immediate reversal of spot prices. However, if this breakout is confirmed, XRP will be more likely to attract active buying support during a pullback phase, especially in a market environment where risk appetite is rising.
Overall, $2.21 is the current dividing line between bulls and bears. A breakdown below this level could trigger a new round of liquidations; meanwhile, the $2.31–2.32 range above is a key window for trend reversal. If spot prices align with a long-term technical breakout in XRP/BTC, the narrative of XRP outperforming Bitcoin in the medium term may once again come into focus.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Supported by ETF fund inflows, Bitcoin shows "strong" rebound near $72,800
Under the influence of capital inflows into U.S. spot cryptocurrency ETFs, Bitcoin prices stabilized last week and touched a high of 73,927 USD, with gains of approximately 6% to 7%. Ethereum also rebounded, indicating a recovery in market risk appetite. ETF capital inflows became the main support factor. Despite volatility in macroeconomic market sentiment, reassuring commentary on inflation and oil price risks helped stabilize prices.
区块客16m ago
XRP Ledger Transactions Triple to 3 Million Daily as Whale Selling Caps Price at $1.40
XRP Ledger transaction volume has surged to nearly 3 million daily in March 2026, nearly triple the 1 million transactions per day recorded in mid-2025, even as XRP price remains rangebound between $1.34 and $1.43 amid sustained whale selling.
CryptopulseElite16m ago
Bitcoin Breaks Through $74,000 Resistance Level, Crypto Market Strengthens Collectively, ETH and SOL Lead Weekly Gains
On March 16, the crypto market continued to rise, with Bitcoin surpassing $74,000, up 2.9% in 24 hours. Ethereum and Solana showed larger gains, indicating capital flowing toward higher-risk crypto assets. An improving macroeconomic environment provided market support, with falling oil prices and a weakening dollar aiding liquidity release. The market is focused on the upcoming Federal Reserve meeting, which could impact future interest rate expectations.
GateNews25m ago
Bitcoin Breaks Above 50-Day Moving Average Approaching $74,000, BTC Upward Momentum Strengthens But $75,000 May Become Key Resistance Level
Bitcoin's price surged over 3% on March 16, reclaiming the 50-day moving average and breaking through $71,125, indicating strengthened market momentum. Despite external uncertainties, Bitcoin demonstrated resilience and gradually recovered above the $70,000 level. Analysts noted that stabilization above the 50-day moving average may signal a trend reversal, but technical breakthroughs don't necessarily guarantee long-term gains. The market is watching whether Bitcoin can break through $75,000, with trading volume and capital inflows being key factors.
GateNews29m ago
Ledger Executive: If the US Bans Stablecoin Yields, Other Countries May Fill the Regulatory Gap
Ledger Asia-Pacific Head Shibayama stated that if the US implements a stablecoin yield ban, international discussions will increase. Countries like Australia have already provided regulatory exemptions, and currently most stablecoins do not offer yields to users. US regulatory bill progress has been slow due to opposition to prohibition clauses supported by the banking industry. Asian financial institutions' focus has shifted toward financial product tokenization and stablecoin issuance, rather than crypto-native products like DeFi.
GateNews1h ago
