XRP price is holding the $1.30 support level, but order flow data shows that sellers are still dominating the market activity and limiting the upside in the short term.
Conclusion
- XRP is trading around $1.36 after rising 1.3% in the last 24 hours, although the token remains about 62% below its 2025 peak.
- Order flow data shows that aggressive sell orders outnumber buys, indicating continued selling pressure.
- If the $1.30 support holds, XRP could try to move towards the psychological level of $1.40, while a break could open the way to $1.20.
XRP (XRP) was trading at $1.36 at press time, having gained 1.3% in the past 24 hours, as the token tried to stabilize after weeks of selling pressure.
Over the past seven days, XRP has moved from $1.34 to $1.46. Even with the recent consolidation, the token remains well below previous highs and is currently about 62% below its July 2025 all-time high of $3.65.
Market activity has increased. The 24-hour trading volume reached 2.55 billion dollars, which is 67.5% more than the previous day.
Production activity also increased. Data from CoinGlass shows that trading volume increased by 63% to $3.54 billion, while open interest increased by 2.5% to $2.33 billion. The increase indicates that traders are opening new positions as the market looks for direction.
Sellers dominate market orders
A March 9 report from CryptoQuant contributor PelinayPA shows that retailers are currently controlling the aggressive side of order flow.
The leverage ratio is 0.912, which means the market’s sell orders are more than the market’s buy orders. In simple terms, traders use market orders to sell more than to buy.
XRP has been trading near $1.34 during this time and has been rising at a slight pace. When the ratio falls below 1, market orders do not increase the price.
Although there are still buyers in the market, most seem to be placing limit orders rather than aggressively buying the market. As a result, buyers provide liquidity and sellers remove it through market orders.
As long as this imbalance persists, selling pressure may persist. The data shows that the current market structure is still biased towards the sell side.
Technical analysis of XRP price
A short-term support zone is formed on the daily chart from $1.30 to $1.33. The price has stabilized several times around this area, and recent candles show a sideways movement above it, indicating that buyers are protecting the level.
Currently, XRP is trading below the middle line of the Bollinger Bands, which corresponds to the 20-day moving average. When the price trades below this level, the short-term trend is usually considered bearish.
In early February, XRP touched the lower Bollinger band before moving higher. After that decline, the volatility slowly decreased and the price moved sideways.
Momentum is still slow. The relative strength index is around 42-43, which is still below the neutral level of 50. The benchmark has recovered from near-oversold levels seen earlier in February, but buying momentum is still limited.
A larger structure also shows pressure. Since the beginning of January, the chart has made a series of highs that have yet to change the meaning of the extended decline. The current sideways movement appears to be a stop within this trend.
Meanwhile, Bollinger Bands tighten, often preceding stronger price action. If XRP holds above $1.30, buyers can try to push the price to the $1.38-$1.40 zone, where the average Bollinger line is located.
A move above this area, along with the RSI approaching 50, will improve the short-term outlook. However, if the $1.30 support is broken, XRP could slide to $1.20. Continued weakness in the RSI from the neutral level keeps the bearish structure in place.
