XRP slips as traders watch $1.35 support

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email XRP slips as traders watch $1.35 support Traders are watching whether the $1.35 support zone holds after high-volume selling earlier in the session. By Shaurya Malwa Mar 8, 2026, 5:06 a.m. Make us preferred on Google What to know : XRP is trading in a tight range around $1.35 after a brief breakdown, with buyers stepping in to defend this key support level. The token remains in a broader corrective phase driven largely by technical factors, as institutional flows and derivatives activity show mixed and subdued participation. Traders are watching whether $1.35 holds, as a rebound could target resistance near $1.36–$1.37 and potentially $1.40, while a break lower may open the door to deeper support around $1.30–$1.32. XRP edged lower after a technical breakdown earlier in the session, with buyers now attempting to stabilize price near the $1.35 support area. News Background XRP has remained under pressure in recent sessions as the token trades within a broader corrective structure that has persisted since late February. Price action has largely been driven by technical positioning rather than new catalysts, with traders focusing on key support and resistance levels as the market consolidates. Institutional flows have been mixed during the period. XRP-linked investment products recorded moderate outflows earlier in the week while derivatives activity declined slightly, suggesting reduced speculative participation as the market digests recent volatility. Price Action Summary XRP slipped from $1.3666 to $1.3554 over the 24-hour session The token traded within a relatively tight 1.9% range A sharp volume spike drove price briefly down to $1.3473 Price later recovered toward $1.35–$1.36 as buyers stepped in Technical Analysis The most notable move occurred when XRP briefly broke down toward $1.347 during a surge in trading volume, confirming selling pressure below the $1.36 area. That move reinforced $1.36–$1.37 as a short-term resistance zone after repeated rejection attempts. Despite the breakdown, buyers quickly defended the $1.35 region, triggering a modest rebound and forming a sequence of higher lows on shorter timeframes. This suggests dip demand remains active even as the broader trend remains weak. Price is now compressing between support near $1.35 and resistance around $1.36–$1.37, a tightening range that often precedes a directional move once liquidity builds. What traders say is next? Market participants are focused on whether XRP can maintain support near $1.35. If the level holds, the token may continue consolidating before attempting another push toward $1.36–$1.37 resistance, where a breakout could reopen upside toward the $1.40 region. A decisive break below $1.35 would shift attention toward deeper support near $1.30–$1.32, signaling the corrective trend may extend further. XRP News More For You Pudgy Penguins: Challenging the Pokemon and Disney Legacy in the Global IP Race By CoinDesk Research Feb 27, 2026 Commissioned by Pudgy Penguins CoinDesk Research looks into how Pudgy Penguins disrupts traditional toys market via a phygital model. With 2M+ units sold, they scale via global partnerships and events. What to know : Disrupting a Stagnant Market : Pudgy Penguins is utilizing a "Negative CAC" model to challenge the traditional $31.7B licensed toy industry by treating physical merchandise as a profitable user acquisition tool rather than just a final product. View Full Report More For You Latin America’s crypto user growth outpaced U.S. by 3x in 2025, report shows By Francisco Rodrigues | Edited by Nikhilesh De 11 hours ago Brazil and Argentina are leading the growth, with Brazil dominating by transaction size and Argentina seeing increasing adoption driven by cross-border payments and stablecoin use. What to know : Latin America's crypto market is growing rapidly, with a 60% increase in transaction volume to $730 billion in 2025, driven by users relying on cryptocurrencies for payments and cross-border transfers. Brazil and Argentina are leading the growth, with Brazil dominating by transaction size and Argentina seeing increasing adoption driven by cross-border payments and stablecoin use. Stablecoins are playing a key role in the region's crypto growth, enabling practical use cases like sending money abroad, receiving funds from platforms like PayPal, and bypassing traditional banking networks. Read full story Latest Crypto News Coinbase says new U.S. tax-reporting rules for crypto are cluttered, confusing 8 hours ago Trump's cyber strategy vows to 'support the security' of cryptocurrencies and blockchain 9 hours ago The Multibillion-dollar shift turning prediction markets into a professional hedging tool 10 hours ago Latin America’s crypto user growth outpaced U.S. by 3x in 2025, report shows 11 hours ago Bitcoin purist Jack Dorsey says that his firm is reluctantly giving in to stablecoin craze 11 hours ago Top Wall Street minds see AI rotation ahead as bitcoin seeks role in new cycle 12 hours ago Top Stories Bitcoin slips below $68,000 as dollar posts steepest weekly gain in a year 22 hours ago Bitcoin could crash by another 30% as four-year cycle gains strength, investment firm says 23 hours ago Why bitcoin couldn't hold $70,000 despite its best week of Wall Street news in months Mar 6, 2026 Those who cheered U.S. Bitcoin reserve have spent year watching Trump's order languish 14 hours ago Kalshi, Polymarket seeking $20 billion valuations in fundraising talks: WSJ 12 hours ago Circle moves $68 million in just 30 minutes by using its own stablecoin for internal payments 14 hours ago