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XRP trades under pressure after falling below a key support level, even as a new U.S. regulatory decision brought fresh attention to the token. The token slipped toward the $1.40 area after failing to hold above $1.44, while traders continued to watch whether support could stabilize XRP price.
At the same time, the new US classification, network activity increased, and exchange reserves declined, adding to the current market focus.
On March 17, 2026, the SEC and CFTC jointly classified XRP as a digital commodity. The decision removed a major point of uncertainty in the United States and cleared the way for broader exchange access and possible ETF-related developments.
Even so, the announcement did not lead to an immediate breakout. XRP remained in a corrective trend, with price action still shaped by weak momentum and repeated rejection near resistance. Market participants continued to focus on whether buyers could regain control above nearby technical levels.
Viktoras Karapetjanc, an expert at Traders Union, said the regulatory change gave XRP a firmer base for future market participation in the U.S. He added that price still needed to confirm strength before sentiment could shift. “If XRP can close above $1.45 soon, I expect renewed upward momentum and stronger institutional interest to follow.”
XRP price currently trades below several important moving averages. The token stayed under the MA-20 at $1.4136, the MA-50 at $1.4277, and the MA-200 at $2.1131. In addition, the Ichimoku Kijun near $1.4385 remained as a nearby resistance level.
The recent move lower added to the weak setup. XRP fell from $1.4457 to $1.4079, a drop of about 2.6%, after breaking below $1.44 late in the session. Selling volume rose to more than three times the daily average, pointing to active selling pressure. Price later found temporary stability near $1.40 after touching an intraday low around $1.4018.
The $1.40 area is now the main level in focus. If XRP holds above it, the token may move sideways and try to retest the $1.44 to $1.45 zone. A close above that range could improve short-term momentum and open the way toward $1.49.
Still, the broader structure remains weak. XRP continues to trade within a descending channel that has guided price action since mid-2025. Recovery attempts have also stalled below the $1.55 to $1.60 range, keeping the pattern of lower highs in place.
Also Read: XRP Price Prediction 2026: Can it Reach $42 or Higher?
Around the same period, XRP Ledger recorded more than 372,000 insufficient reserve errors. The figure pointed to heavier activity on the network as more users attempted actions that required the minimum reserve balance. That increase drew attention to growing usage on the ledger, even as XRP price stayed weak.
At the same time, Binance XRP reserves dropped sharply. Holdings fell from around $10 billion in July 2025 to about $3.9 billion in March 2026. Trading volumes also moved lower during that stretch, showing reduced exchange activity alongside the decline in reserves.
