The past week for XRP started at $1.465 and ended at $1.3835. Everything in between was a series of lower highs that tell the same story each time: buyers show up, push price toward resistance, and get turned away before anything meaningful develops.
The Price Action
March 4 opened near $1.465 on the highest volume of the week before sellers immediately took control. The drop was sharp and sustained through March 6, pulling XRP down to $1.34 with barely a bounce attempt along the way. That floor held, and a slow grind higher followed through March 7 and 8, reaching $1.375 before fading again to $1.340.
Then March 10 happened. Price launched from $1.37 to $1.432 on the largest buy volume visible on the chart, touching $1.43 twice before collapsing back to $1.375 within hours. The speed of that rejection was the clearest signal of the week. Aggressive buying, significant volume, same result. Sellers were waiting at exactly the level they had been defending all week.
XRP sits at $1.3835 now, slightly above the dotted midline that has acted as the week’s equilibrium. The March 10 spike found no continuation. The structure that produced it is still intact.
What the Larger Structure Shows
Crypto trader GainMuse’s daily chart reveals what the two-hour view cannot. XRP has been inside a descending triangle pattern since the highs above $3.00 in late 2024, with a falling resistance line pressing down from above and a long-term support line running below. The current price sits in the middle of that structure, having failed to break the triangle’s upper boundary on the most aggressive attempt of the past several weeks.
The triangle apex is approaching. The narrowing range between resistance and support means a resolution is coming regardless of direction. Every session that passes without a breakout compresses the setup further. Triangles do not compress indefinitely.
The diagonal resistance line currently runs near $1.40 to $1.42 on the short-term view. That aligns precisely with where the March 10 spike was rejected. Twice in 24 hours, at $1.415 and then $1.432, XRP touched that zone and reversed. The resistance is not a single price level. It is a slope, and it is declining with each passing day.
The Two Outcomes
Failing to reclaim the resistance slope sends XRP back toward $1.34, the floor that has held twice. A third test with sellers still active above $1.40 carries more risk than the previous two. Below $1.34 the longer-term support line becomes the next reference point.
Clearing $1.43 with volume that sustains rather than collapses would be the first genuine breakout signal from the triangle structure. That opens a move toward the previous highs in the $1.46 to $1.47 range as the initial target, with broader recovery potential if the diagonal resistance converts to support on a retest.
The compression is real. The pressure is building. XRP just has not decided which way to release it yet.
