XRP Price: Whales Are Still Buying as Weekly RSI Nears Oversold — What’s Next?

TLDR

• XRP is trading near $1.32, holding a key support zone between $1.30 and $1.32.
• The weekly RSI has dropped to 32, a level that has appeared near past cycle lows for XRP.
• Daily chart shows a bearish structure with lower highs forming since the rally to $2.416.
• XRP Ledger daily payment counts have fallen below 1 million, down from a recent spike.
• A break below $1.30 could expose XRP to lower levels near $1.24, $1.20, or the February low of $1.118.

XRP has been trading near $1.32 as of late March 2026, sitting at a key crossroads. The price is holding a narrow support band, but momentum indicators remain weak across the board.

The weekly Relative Strength Index (RSI) has moved down to around 32. That level is considered close to oversold on a higher time frame. In previous XRP cycles, similar RSI readings appeared near the end of extended downturns. However, RSI alone does not confirm a bottom. Prices can stay low while the indicator stays low too.

The daily chart tells a clearer story about the current trend. After XRP rallied to $2.416, it began making lower highs. That pattern shows sellers have more control than buyers right now. Since that peak, XRP has pulled back and settled into a narrow trading range.

Key Support and Resistance Levels

The current support zone sits between $1.30 and $1.32. XRP is trading right at that band. A daily close below $1.30 would open the door to lower levels, including $1.24 and $1.20. The February 2026 low near $1.118 remains the biggest downside reference point.

On the upside, resistance begins near $1.42 and $1.43. That area lines up with the 23.6% Fibonacci retracement at $1.4247. Above that, traders are watching $1.50, $1.614, and $1.767. XRP needs to close above $1.42 to shift momentum.

The MACD is sitting below the zero line on the daily chart. That suggests buyers have not taken back control. The Chaikin Money Flow reads around -0.17, pointing to continued net selling activity. Several short-term rally attempts have failed near $1.45, showing sellers are still stepping in during bounces.

Analyst CW posted on X that XRP whales have been accumulating for over a year. The analyst noted the whale accumulation zone spans $1.20 to $3.00, with heavy buying also seen previously in the $0.30 to $1.30 range. According to the analyst, whales have not yet sold to retail and are still in buying mode.

On-Chain Activity Falls Below 1 Million

XRP Ledger daily payment counts have also dropped below 1 million, a threshold often used to gauge network health. The drop follows a brief spike in activity. Analysts suggest this contraction may reflect a return to normal levels after a period of elevated institutional or large-scale transfers, rather than a sign of lasting decline.

With activity compressed and price range tight, some analysts believe XRP may be in a phase where liquidity is thin. In thin markets, even modest new demand can cause stronger price moves.

XRP is currently trading near $1.32, with the $1.30 level acting as the last clear support before lower 2026 lows come into play.

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