- XRP holds at $1.38 as a tightening wedge keeps traders fixed on direction at present.
- XRPL stablecoin supply reached $426 million as liquidity on the network expanded.
- ETF outflows and long-cycle support now shape XRP’s next decisive market phase ahead.
XRP traded at $1.38 on March 10 after opening at $1.36, reaching a high of $1.39, touching a low of $1.36, and closing at $1.38. The move left the pair up $0.02 for the day, a 1.62% gain. At the same time, the chart showed price tightening inside a wedge after a broader decline, while on-chain liquidity improved and institutional flows turned negative.
Wedge Tightens as XRP Sits Below Resistance
The chart placed XRP in a narrowing structure after a retreat from the 1 Fibonacci level at $2.41. From that peak, the price moved through several retracement zones that now frame the market’s structure. Those levels included the 0.786 retracement at $2.14, the 0.618 level at $1.92, the 0.5 level at $1.76, and the 0.382 level at $1.6166. The sell-off later pushed the price toward the 0 Fibonacci level at $1.12.
From there, XRP rebounded and began trading between descending resistance and rising support. By the time of the chart snapshot, the price sat near the 0.236 retracement at $1.42, though it remained below that level. That left the pair trapped between nearby resistance and an ascending support line. As the two boundaries moved closer together, the wedge pattern continued to compress near its apex.
Momentum data told a similar story. The RSI (14) stood at 45.80, while the RSI moving average read 42.52. Both figures remained below the 60.00 reference band and above the 20.00 floor. That positioning pointed to stabilization after a weaker stretch in momentum.
Breakout Target Meets Mixed Market Signals
The same setup also carried a breakout target. Based on the height of the symmetrical triangle pattern, a confirmed move higher could project XRP toward $2.06. That level sits close to 50% above the current $1.38 price. As a result, the wedge has become the chart’s central feature as traders watch whether price can break above nearby resistance.
At the same time, network data showed rising liquidity on XRPL. Stablecoin supply on the network rose 2.5% over the past seven days to $426 million. A larger stablecoin base often points to deeper liquidity and stronger trading activity across a network. In this case, the increase marked one of the main supportive data points around XRP.
Still, institutional demand slowed. The text noted that U.S. spot XRP ETFs posted $22 million in net outflows over the past two weeks, ending a four-week inflow streak. That contrast left XRP with two competing signals. Network liquidity expanded, yet ETF flows weakened.
Related: XRP Holds Key Support as Traders Sit on $50.8B Unrealized Loss
Long-Term Chart Levels Draw Fresh Attention
Crypto analyst EGRAG Crypto said “XRP may be sitting at a historically significant technical level.” His view centered on the 100-week Exponential Moving Average, which he described as a key floor in prior cycles. According to that framework, XRP reset near the same long-term indicator in 2017 before a parabolic move. The analyst said the same region also supported the market before the 2021 rally.
He also pointed to a long-term ascending channel that has shaped all three market cycles. In each case, XRP found support near the lower band before moving toward the upper boundary during stronger phases. What happens if that pattern repeats once more?
EGRAG Crypto outlined two possible paths. The first mirrored 2021 and pointed to the 1.618 Fibonacci extension, placing XRP in the $6 to $9 range. The second followed the sharper 2017 expansion. In that case, the 2.414 to 2.618 Fibonacci extensions would indicate a range between $20 and $25, provided altcoin liquidity rotation and late-cycle momentum remain in place.
