Overview
- XRP recovered to an intraday high near $1.39 on March 10 and is consolidating above the 100-hour simple moving average with trend-line support around $1.3705, according to Kraken data.
- Immediate hurdles sit near $1.398–$1.40 and around $1.42, and closes above these levels would open room toward $1.412, $1.420 and $1.450.
- The daily chart shows a bullish divergence that points to fading downside momentum after February’s capitulation to roughly $1.13.
- Short-term invalidation is pegged at $1.34, with breakdown scenarios targeting $1.3360, $1.3220 and potentially $1.3050 if weakness resumes.
- Network signals are mixed, as XRPL stablecoin supply rose 2.5% to $426 million over seven days while U.S. spot XRP ETFs saw $22 million in net outflows over the past two weeks.