XRP price is currently stabilizing as it corrects from the recent decline. It’s currently near key support levels and displaying early signs of building a base. Momentum levels are weak, and selling pressure continues. A move above nearby levels could indicate a move towards a potential recovery.
At the time of writing, XRP is trading at $1.39, with a trading volume of $3.16 billion and a market capitalization of $85.87 billion, according to the data from CoinMarketCap. The price of XRP has fallen by 3.46% over the last 24 hours, indicating that the selling pressure is still affecting the asset in the short term.
Source: CoinMarketCap
XRP Stabilizes Signals Potential Recovery
Crypto analyst, BitGuru, stated on March 24, 2026, that XRP is currently trading in a vital accumulation range. This comes after a long-term downtrend, followed by a breakdown from a falling wedge pattern. The recent price action indicates that XRP is building a base at the $1.40 level, which could be used as a base for a possible recovery.
Source: BitGuru’s X Post
The price is currently trying to stabilize at this support level, and trading above it could help to boost short-term buying confidence again. Breaking above the resistance range of $1.45 to $1.50 could be a sign of rising buying power, which could lead to a move higher in the price.
XRP Indicators Signal Downside Risk
However, the technical indicators still point to a conservative outlook. The price of XRP is trading at $1.39, and its Relative Strength Index (RSI) is at approximately 46; this is still below the 50-neutral point.
Moreover, the moving average ribbon also displays a bearish pattern as the price continues to remain below key price levels, such as the 20-day moving average at $1.41 and the 200-day moving average at $2.09. This indicates that the selling pressure continues to dominate the market.
Source: TradingView
The MACD indicates that the lines are close to each other in negative territory with a flat histogram, reflecting low momentum and a consolidation phase. The lack of a bullish crossover also indicates that the risks of a fall have not completely gone away.
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XRP Market Awaits Next Move
Overall, the price of XRP is currently stabilizing around a vital level of support. A price increase above this level of resistance could be a sign of a potential recovery, while a fall below this level of support could mean further losses in price. Investors are taking a wait-and-see approach to this market.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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