XRP is consolidating between $1.34 and $1.40 after a sharp reversal in oil prices eased fears of another inflation spike. Reports that G7 finance ministers discussed a coordinated emergency release of up to 400 million barrels from strategic reserves helped cool macro pressure, giving risk assets, including crypto, a short-term break.
Brent crude had briefly climbed toward $120 a barrel during renewed Middle East tensions. The move did not hold. Prices quickly fell back toward the $100 area after reports pointed to a possible supply response coordinated with the International Energy Agency, according to the Financial Times.
XRP trades sideways while buyers defend nearby support
Against that backdrop, XRP has shifted into a tight consolidation pattern. The token reached a local high near $1.47 on March 4, then retreated as sellers took control in the following sessions. Buyers later stepped in around the $1.34 to $1.35 zone, which has now turned into the market’s immediate defensive area.
The most important support remains $1.30. That level held as a firm floor during the February sell-off, and traders are still treating it as the line that separates stabilization from another leg lower. On the upside, resistance is clustered near $1.40, where several recent rebound attempts stalled. A recovery through that level would reopen focus on the prior swing high around $1.47.
Momentum stays neutral as accumulation remains steady
Technical readings point to a market that is no longer under the same selling pressure seen earlier in the week. The Money Flow Index is sitting near 44, a neutral reading after rebounding from oversold territory. It does not suggest strong upside momentum yet, but it does indicate that downside pressure has faded.
The Accumulation Distribution indicator is holding around 26.1 billion, a sign that longer-term holders are still maintaining positions through the recent volatility. Attention is now on the four-hour range. A sustained push above $1.36 would point to firmer demand, while a failure to hold $1.34 could expose XRP to another test of $1.30. If energy markets keep stabilizing, the token may also get room for another attempt toward the $1.50 area.