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XRP drops 3% after failing to break $1.45 resistance

Traders are watching $1.40 support after high-volume selling confirmed continued bearish structure.

By Shaurya Malwa Mar 6, 2026, 4:55 a.m.

What to know:

XRP fell 3.3 percent to $1.4108 after another failed attempt to break above the $1.43 to $1.45 resistance zone, with a late-session drop below $1.411 confirming short-term downside momentum.
Trading volume spiked 74 percent above average during the sell-off, underscoring that sellers remain in control even as spot ETFs and large on-chain wallets continue to add to XRP positions.
Analysts say the $1.40 support level is now pivotal, with a hold potentially setting up a move toward $1.45 and $1.55, while a breakdown could open the way to deeper support near $1.33 and possibly $1.00.

XRP moved lower after another rejection near resistance, with rising volume confirming sellers remain in control of the short-term trend.

News Background

XRP has struggled to regain momentum since its July 2025 peak, continuing to trade within a broader corrective structure. The token remains roughly 60% below that high as market participants debate whether the current consolidation represents accumulation or continuation of the downtrend.
Institutional positioning has offered mixed signals. Spot XRP ETFs have accumulated roughly $1.24 billion in inflows over the past four months, while on-chain data shows large wallets adding to positions during recent dips.
At the same time, derivatives activity has cooled significantly, with open interest declining sharply since late 2025 as leverage unwinds across crypto markets.
Ripple’s supply dynamics also remain steady. The company re-locked 700 million XRP into escrow on March 1 as part of its routine supply management cycle.

Price Action Summary

XRP declined 3.3%, falling from $1.4588 to $1.4108
Price repeatedly failed to hold above the $1.43–$1.45 resistance zone
Volume surged 74% above average during the main selloff
A late-session break below $1.411 confirmed downside momentum

Technical Analysis

The key technical event was the rejection from the $1.43–$1.45 resistance band, which triggered a sequence of lower highs and reinforced the prevailing descending channel structure.
Once $1.411 support gave way on elevated volume, downside momentum accelerated, pushing XRP toward the $1.40 area. Short-term structure now favors sellers while price remains below the prior support zone.
Despite the weakness, the broader chart shows compression forming between downward resistance and rising support, with a potential triangle structure approaching its apex. This suggests the market may be nearing a larger directional move once current consolidation resolves.
Key levels now cluster around $1.40 support and $1.43–$1.45 resistance.

What traders say is next?

Traders are closely watching whether XRP can stabilize above $1.40.
Holding this level could allow the token to consolidate before attempting another move toward $1.45 and eventually $1.55, which analysts view as the first level that would weaken the broader bearish structure.
A break below $1.40, however, would likely shift focus toward deeper support around $1.33, with some analysts pointing to the $1.00 zone as a potential longer-term reset area if selling pressure accelerates.

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Bitcoin drops under $71,000, ETH, DOGE slide as war-week rally runs into resistance

By Shaurya Malwa|Edited by Sam Reynolds22 minutes ago

Several balloons float against the ceiling

BTC surged nearly 12% from Saturday's lows before stalling, with Asia's benchmark equities index headed for its worst week since March 2020.

What to know:

Bitcoin briefly surged to $74,000 before pulling back to around $71,000, with the move up largely retracing war-driven losses and then giving back about a third of that rebound.
Technical analysts say the rally stalled at a cluster of resistance around the 61.8% Fibonacci retracement and the 50-day moving average, with evidence that a short squeeze rather than fresh bullish conviction powered the spike.
While major cryptocurrencies are still up on the week, a deteriorating macro backdrop tied to the Iran war, surging oil and a stronger dollar raises doubts about the durability of the crypto rally, making $70,000 key support and $64,000 the next downside level to watch.

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