The post Ripple-linked token slips as traders watch $1.35 support appeared on BitcoinEthereumNews.com.

XRP edged lower after a technical breakdown earlier in the session, with buyers now attempting to stabilize price near the $1.35 support area. News Background XRP has remained under pressure in recent sessions as the token trades within a broader corrective structure that has persisted since late February. Price action has largely been driven by technical positioning rather than new catalysts, with traders focusing on key support and resistance levels as the market consolidates. Institutional flows have been mixed during the period. XRP-linked investment products recorded moderate outflows earlier in the week while derivatives activity declined slightly, suggesting reduced speculative participation as the market digests recent volatility. Price Action Summary XRP slipped from $1.3666 to $1.3554 over the 24-hour session The token traded within a relatively tight 1.9% range A sharp volume spike drove price briefly down to $1.3473 Price later recovered toward $1.35–$1.36 as buyers stepped in Technical Analysis The most notable move occurred when XRP briefly broke down toward $1.347 during a surge in trading volume, confirming selling pressure below the $1.36 area. That move reinforced $1.36–$1.37 as a short-term resistance zone after repeated rejection attempts. Despite the breakdown, buyers quickly defended the $1.35 region, triggering a modest rebound and forming a sequence of higher lows on shorter timeframes. This suggests dip demand remains active even as the broader trend remains weak. Price is now compressing between support near $1.35 and resistance around $1.36–$1.37, a tightening range that often precedes a directional move once liquidity builds. What traders say is next? Market participants are focused on whether XRP can maintain support near $1.35. If the level holds, the token may continue consolidating before attempting another push toward $1.36–$1.37 resistance, where a breakout could reopen upside toward the $1.40 region. A decisive break below $1.35 would shift attention toward…

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Filed under: News - @ March 8, 2026 5:08 am