XRP Ledger transactions jump to 2.7M as price stays rangebound

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email XRP Ledger transactions jump to 2.7M as price stays rangebound Traders are watching whether support near $1.34 holds after repeated rejection near $1.44. By Shaurya Malwa Mar 11, 2026, 5:05 a.m. Make us preferred on Google What to know : XRP traded quietly around $1.38, remaining stuck in a tightening range between roughly $1.34 and $1.44 as volume declined. Activity on the XRP Ledger has increased, with daily transactions near 2.7 million and about $461 million in tokenized real-world assets on the network. Traders are watching support around $1.34–$1.35 and resistance near $1.44, with a break of either level likely to signal the next larger move. XRP drifted lower in quiet trading as declining volume and repeated rejection near $1.44 kept the token trapped inside a tightening range. News Background XRP continues to move largely in line with broader crypto sentiment, with no major token-specific catalysts driving recent price action. The token has spent much of the past week consolidating between roughly $1.34 and $1.44 as traders wait for a clearer directional signal. Despite muted market participation, activity on the XRP Ledger has picked up. Daily transaction counts have climbed to around 2.7 million, according to market data, reflecting rising network usage tied in part to real-world asset tokenization projects building on the chain. The value of tokenized assets on the network has approached roughly $461 million. While growing network activity suggests improving ecosystem fundamentals, traders remain focused on short-term technical levels as liquidity across crypto markets remains relatively thin. Price Action Summary XRP slipped slightly to around $1.38 during the latest session The token traded inside a roughly $1.34–$1.44 range The session high near $1.44 came on a brief volume spike before sharp rejection Price later drifted back toward $1.38 as participation declined Technical Analysis The most important move in the past session came when XRP briefly pushed toward $1.44 during a burst of trading activity before sellers quickly rejected the advance. That rejection reinforced the $1.43–$1.44 zone as near-term resistance. Following the failed breakout, XRP formed a series of lower highs on declining volume, suggesting momentum faded after the initial rally attempt. The token has since moved sideways near $1.38, with several tests of this level indicating it is acting as short-term support. Volume trends remain a key signal. Overall trading activity has contracted to well below its recent average, indicating traders are waiting for confirmation before taking larger positions. This type of compression — with price trapped between resistance near $1.44 and support closer to $1.34–$1.38 — often precedes a larger directional move once liquidity returns. What traders say is next? Market participants are watching whether XRP can maintain support above the $1.34–$1.35 area. If that level holds, the token could remain in consolidation before attempting another breakout toward $1.44 and potentially $1.50 if momentum returns. A breakdown below $1.34, however, would weaken the consolidation structure and could expose the next downside zone around $1.30–$1.32. 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. 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