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XRP traded near $1.41 on March 6 after another failed attempt to move above the $1.43 to $1.45 resistance band. The token traded between $1.39 and $1.41 during the session, while its market capitalization remained near $85 billion.
Daily trading volume ranged above $2.4 billion, indicating that activity remained elevated even as the price lost ground. Over the past seven days, XRP traded between about $1.28 and $1.46, leaving the token close to the upper end of its recent range but still below key resistance.
The latest decline followed repeated rejection near the overhead zone at $1.45. Price action signals buyers could not keep XRP above the mid-$1.40 range, and the move lower brought fresh attention to the $1.40 level.
The level now stands out as the main near-term support on the chart. Crypto analysts tracking the current structure say the next move will likely depend on whether XRP can hold above it or slide toward lower support.
Short-term trading has kept XRP within a narrow band, with the $1.43 to $1.45 region acting as the key ceiling. Market data shows XRP rose to about $1.43 on March 5 before moving back toward $1.40 on March 6. The pattern confirmed sellers remained active near resistance and added pressure to attempts to extend the rebound.
The broader price range also shows XRP remains in consolidation. The token recovered from levels near $1.28 during the past week, but it still has not cleared the upper boundary of the range. With price now trading close to support, traders are watching whether the market can stabilize and retest resistance or continue lower toward the next support zone.
Institutional demand remains a key factor supporting XRP. Spot XRP exchange-traded funds have attracted about $1.25 billion in cumulative net inflows, with a total value traded of $56.02 million. The figures show continued fund demand even as spot price action remains weak near resistance.
Moreover, Ripple’s supply management cycle remains part of the market backdrop. The company re-locked 700 million XRP into escrow on March 1, continuing its regular escrow process. The move kept scheduled supply management in focus as traders watched liquidity and support levels
Analyst Arthur said a custom daily momentum indicator has crossed its trigger line again. He noted the same signal appeared before a previous XRP rally of about 27% over four days.
The latest setup has drawn attention because XRP is again trading in a compressed range above current support, with liquidity building above the market near resistance.
Analysts now point to $1.40 as the pivotal level. A hold above the area could keep attention on another possible move toward $1.45 or a price rebound to $1.55.
A break below it could shift focus toward deeper support near $1.33, with some analysts also watching the $1.00 area if selling pressure strengthens further. For now, XRP remains near support, while resistance near the mid-$1.40 zone continues to pressure the short-term trend.
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