XRP price is holding the $1.30 support level, but order flow data shows sellers are still dominating market activity, keeping short-term upside limited.

XRP (XRP) was trading at $1.36 at press time, gaining 1.3% in the past 24 hours as the token attempted to stabilize after weeks of selling pressure.

Over the last seven days, XRP moved between $1.34 and $1.46. Even with the recent consolidation, the token remains far below previous highs and is currently about 62% below its July 2025 all-time high of $3.65.

Market activity has picked up. 24-hour trading volume reached $2.55 billion, marking a 67.5% increase from the previous day.

Derivatives activity has also grown. Data from CoinGlass shows trading volume rising 63% to $3.54 billion, while open interest climbed 2.5% to $2.33 billion. The increase suggests traders are opening new positions as the market searches for direction.

Sellers dominate market orders

A March 9 report from CryptoQuant contributor PelinayPA shows that sellers currently control the aggressive side of the order flow.

The buy-to-sell liquidity ratio stands near 0.912, meaning market sell orders are exceeding market buy orders. In simple terms, traders are using market orders to sell more often than to buy.

XRP has been trading close to $1.34 during this time, with little upward momentum. When the ratio dips below 1, market orders are not pushing the price higher.

Although there are still buyers in the market, the majority seem to be making limit orders instead of aggressive market buys. As a result, buyers supply liquidity and sellers remove it through market orders.

As long as this imbalance continues, selling pressure may persist. The data suggests that the current market structure is still leaning toward the sell side.

XRP price technical analysis

A short-term support area has formed between $1.30 and $1.33 on the daily chart. Price has stabilized around this zone several times, and recent candles show sideways movement just above it, which suggests buyers are defending the level.

At the same time, XRP is trading below the Bollinger Bands mid-line, which is in line with the 20-day moving average. When price trades under this level, the short-term trend is usually considered bearish.

Earlier in February, XRP touched the lower Bollinger Band before bouncing higher. Since that drop, volatility has slowly decreased and price has moved sideways.

Momentum is still weak. The relative strength index sits around 42–43, which is still below the neutral 50 level. The indicator has recovered from near-oversold levels seen earlier in February, but buying momentum is still limited.

The larger structure also shows pressure. Since early January, the chart has produced a series of lower highs, meaning the wider downtrend has not yet changed. The current sideways movement appears to be a pause within that trend.

Meanwhile, Bollinger Bands are tightening, which often comes before a stronger price move. If XRP continues to hold above $1.30, buyers may try to push the price toward the $1.38–$1.40 area, where the Bollinger mid-line sits.

A move above that zone, together with RSI approaching 50, would improve the short-term outlook. However, if $1.30 support breaks, XRP could slide toward $1.20. Continued weakness in RSI below the neutral level would keep the bearish structure in place for now.