Ripple-linked network transactions jump to 2.7M as price stays muted

XRP drifted lower in quiet trading as declining volume and repeated rejection near $1.44 kept the token trapped inside a tightening range.

News Background

XRP continues to move largely in line with broader crypto sentiment, with no major token-specific catalysts driving recent price action. The token has spent much of the past week consolidating between roughly $1.34 and $1.44 as traders wait for a clearer directional signal.
Despite muted market participation, activity on the XRP Ledger has picked up.
Daily transaction counts have climbed to around 2.7 million, according to market data, reflecting rising network usage tied in part to real-world asset tokenization projects building on the chain. The value of tokenized assets on the network has approached roughly $461 million.
While growing network activity suggests improving ecosystem fundamentals, traders remain focused on short-term technical levels as liquidity across crypto markets remains relatively thin.
Price Action Summary
XRP slipped slightly to around $1.38 during the latest session
The token traded inside a roughly $1.34–$1.44 range
The session high near $1.44 came on a brief volume spike before sharp rejection
Price later drifted back toward $1.38 as participation declined

The most important move in the past session came when XRP briefly pushed toward $1.44 during a burst of trading activity before sellers quickly rejected the advance. That rejection reinforced the $1.43–$1.44 zone as near-term resistance.
Following the failed breakout, XRP formed a series of lower highs on declining volume, suggesting momentum faded after the initial rally attempt. The token has since moved sideways near $1.38, with several tests of this level indicating it is acting as short-term support.
Volume trends remain a key signal. Overall trading activity has contracted to well below its recent average, indicating traders are waiting for confirmation before taking larger positions.
This type of compression — with price trapped between resistance near $1.44 and support closer to $1.34–$1.38 — often precedes a larger directional move once liquidity returns.

Market participants are watching whether XRP can maintain support above the $1.34–$1.35 area.
If that level holds, the token could remain in consolidation before attempting another breakout toward $1.44 and potentially $1.50 if momentum returns.
A breakdown below $1.34, however, would weaken the consolidation structure and could expose the next downside zone around $1.30–$1.32.

Source: https://www.coindesk.com/markets/2026/03/11/xrp-ledger-transactions-jump-to-2-7m-as-price-stays-rangebound