XRP is displaying initial price stability on March 7 after a series of sales, trading near a major support zone. Analysts have predicted that the price will be influenced by whether it will rise or face more hurdles in the coming days.
At the time of writing, XRP is trading around $1.36, recording a 24-hour trading volume of $2.37 billion and a market capitalization of $83.54 billion. The token has posted a 0.84% gain over the last 24 hours, according to data from CoinMarketCap, indicating a small improvement in price action after earlier declines.
Source: CoinMarketCap
XRP Stabilizes as Selling Pressure Eases
On March 7, 2026, a well-known crypto analyst, BitGuru, pointed out through his post on X that XRP is currently settling within the $1.30-$1.36 price range, which is acting as a support area for the coin.
Source: X
This area is now showing signs of acting as a support area, where the selling pressure seems to be slowing down. If the buying pressure at this price persists, XRP may look to rise and reach $1.60, which is considered the next resistance area for XRP.
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XRP Struggles Below Key Resistance
The current price is around $1.3645, whereas the 20-day simple moving average is around $1.3987, the 50-day is around $1.5625, the 100-day is around $1.7907, and the 200-day is around $2.2171. This indicates that XRP is still in need of more buying power for an upturn to emerge.
Source: TradingView
Currently, the technical indicators are showing mixed signals. For example, the Relative Strength Index (RSI) is at 42.54, slightly above its signal line, which is at 41.11.
This means that the momentum is still weak, although it has not yet gone into the oversold region. This means that the buyers are likely trying to hold up the price at the current support area.
The MACD indicator shows signs of improvement. The MACD line is at -0.04661, while the signal line is at -0.05897. The histogram is positive at 0.01236. This shows that selling pressure is diminishing.
A move back towards $1.40 for XRP could potentially strengthen a near-term price bounce. However, if the asset is unable to break through resistance, the price will remain within the current consolidation range.
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