XRP Price Analysis: A whale continues to buy, and $1.30 is a key support level

XRP1,42%

Gate News reports that the XRP price has been fluctuating around $1.32 as of the end of March 2026, currently situated in a key support zone. The weekly RSI has dropped to about 32, nearing oversold levels, suggesting a potential halt or rebound in the short term, but the RSI alone cannot confirm a bottom, and prices may still remain low. The daily chart shows that after rebounding to $2.416, XRP formed lower peaks, with sellers in control, and prices are consolidating in the $1.30 to $1.32 range. If it breaks below $1.30, the next support levels are at $1.24 and $1.20, with the February 2026 low of about $1.118 still serving as a critical downward reference.

The upside resistance is between $1.42 and $1.43, coinciding with the 23.6% Fibonacci retracement level, and after a breakout, attention will turn to $1.50, $1.614, and $1.767. The daily MACD is below the zero line, and the Chaikin Money Flow indicator is around -0.17, showing that selling pressure remains, with short-term rebounds repeatedly facing resistance near $1.45.

Analyst CW pointed out on Forum X that XRP whales have been consistently accumulating for over a year, with buying ranges covering $1.20 to $3.00, and there was also significant buying in the $0.30 to $1.30 range. The whales have not sold to retail investors and are still maintaining a buying strategy, indicating intentions for long-term accumulation.

In terms of on-chain activity, the number of daily XRP payments has fallen below the 1 million threshold, which is often used to gauge network health. Analysts believe this drop may be a normal pullback following peaks in institutional or large transfers, rather than a continuous decline. Low trading volume and a narrow price range indicate insufficient market liquidity, meaning even small buy orders could trigger price fluctuations. XRP’s current trading price is close to $1.32, with $1.30 being a key support level, holding significant reference value before any lower lows appear.

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