Crypto Market Today: XRP Holds Key US$1.30 Support as Arizona Backs Crypto Reserve Bill

XRP Price Recovery Meets Resistance at US$1.30 as Network Use Climbs and State Policies Shift
Crypto Market Today_ XRP Holds Key US$1.30 Support as Arizona Backs Crypto Reserve Bill.jpg
Written By:
Yusuf Islam
Reviewed By:
Radhika Rajeev
Published on

XRP price stayed above US$1.3120 and began a recovery while on-chain activity approached 2.5 million daily transactions. At the same time, Arizona lawmakers advanced a bill that would allow the state to hold XRP in a digital asset reserve.

The token climbed past US$1.3350 and US$1.350, entering a short-term positive zone. It also moved above the 50% Fibonacci retracement from the US$1.4244 swing high to the US$1.3125 low. Buyers later pushed the price above US$1.38. Still, the rally stalled near US$1.3950 as a bearish trend line formed around US$1.410 on the hourly chart.

XRP Faces Key Resistance Levels

XRP now trades below US$1.40 and the 100-hour Simple Moving Average. As a result, resistance levels remain in focus. If buyers attempt another upward move, the price may meet resistance near US$1.3980. That level aligns with the 76.4% Fibonacci retracement of the recent decline.

The first major barrier stands at $1.4050. A close above that level could send XRP toward US$1.4120. After that, US$1.4250 presents the next hurdle. A clear move above US$1.4250 could open the path to US$1.450. Further gains might push the price toward US$1.50.

On the downside, US$1.3650 provides initial support. Below that, US$1,350 marks the next key level. If XRP closes under US$1.350, it could fall toward US$1.3320. The next support rests near US$1.3220, and below that sits US$1.3120.

Ledger Activity Nears 2.5 Million Daily Transactions

Meanwhile, network data shows daily successful transactions on the XRP Ledger increased roughly 40% in recent weeks. On 19 and 20 February 2026, the figure reached 2.5 million.

Users process cross-border payments, token transfers, and decentralized finance transactions on the ledger. For long-term investors, transaction growth often signals broader utility beyond price swings.

Still, this level does not mark a record. On 5 and 6 February 2026, daily transactions hit US$2.7 million before the market declined. The ledger reached its all-time high on 30 December 2023, when daily transactions climbed to US$6.8 million.

Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp

Related Stories

No stories found.
logo
Analytics Insight: Latest AI, Crypto, Tech News & Analysis
www.analyticsinsight.net