2026-3-3 09:49 |
XRP lagged behind Bitcoin and Ethereum during yesterday’s relief bounce.
In fact, BTC and ETH pushed higher over $70K and $2K respectively, but XRP only managed to pump to $1.42 before pulling back toward its current level near $1.36. That relative weakness could be worrying for holders short-term as price trades just above a critical support zone at $1.34.
Crypto media outlet Coinpedia pointed out to this level in a recent tweet and shared an XRP chart that shows the structure.
The message was clear: $1.34 is the line bulls must defend.
XRP Price Analysis: $1.34 Support Under PressureThe chart shows XRP trading within a descending trendline that has capped rallies since mid-February. Each attempt to move higher has been met with lower highs, which compressed price action into a tightening structure.
The horizontal support at $1.34 has already been tested multiple times. Repeated tests weaken a level. Buyers have stepped in each time so far, but the bounce strength has been fading.
Source: X/@MarketCoinpediaIf $1.34 breaks decisively, the next downside target sits near $1.28, which aligns with a recent swing low. Below that, $1.21 stands out as the next structural support from prior consolidation.
A move into that $1.21–$1.28 range would confirm continuation of the broader lower-high pattern visible on the chart.
On the upside, the XRP price would need to reclaim the descending trendline and close back above $1.42 to regain short-term bullish control. Until that happens, the structure favors bears.
Read also: ChatGPT Predicts the Price of XRP and Bitcoin If a U.S.–Iran Ceasefire Is Announced
XRP: Profit-Taking Spikes While Network Growth StallsCoinpedia also pointed to on-chain data that adds another context to the technical setup.
XRP’s realized profit and loss pumped to $207 million in 24 hours, which marks the first meaningful wave of profit-taking in nearly a month. Moderate profit-taking is normal during rallies. However, when it appears near resistance and price struggles to advance, it can weigh on momentum.
At the same time, new address growth remains subdued.
Since early December 2025, monthly new address creation has stayed below its yearly average. That indicates slower network expansion during a period when price attempted to stabilize.
Historically, stronger rallies tend to align with expanding network participation. When monthly growth lags the broader annual trend for extended periods, upside follow-through becomes harder to sustain.
Whales appear active near support, but broader network metrics do not show acceleration yet.
With the XRP price just above $1.34, the next move carries weight. A clean hold could invite another attempt toward $1.42. A breakdown could open the door to $1.28 and potentially $1.21.
For now, XRP is balanced on support, and the margin for error is narrowing.
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The post Warning Signs Flash for $XRP as $1.34 Support Gets Tested appeared first on CaptainAltcoin.
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