XRP is back near the lower end of its multi-month range, putting $1.30 support at the center of the market’s attention. At the time cited in the source, the token traded at $1.34, down 4.4% over 24 hours. Its seven-day range stood between $1.28 and $1.48, and the price was 63% below the $3.65 high recorded in July 2025.
The source links the weak price action to broad volatility and a risk-off tone tied in part to geopolitical tension. Selling pressure has kept XRP pinned close to range support. The market is not breaking down yet, but it is testing an area that has mattered for months.
Futures positioning contracts sharply across exchanges
A March 3 note from CryptoQuant contributor Amr Taha pointed to a major reset in XRP futures activity. Total open interest across exchanges fell from $660 million on Oct. 6, 2025 to $203 million on March 3, 2026. That amounts to a 70% decline in five months.
Binance accounted for much of the drop, while Bitfinex and BitMEX were left with only a few million dollars in open contracts. Open interest tracks the number of active futures positions. When price and open interest fall at the same time, it often shows that traders are closing exposure or being forced out through liquidations. In this case, leverage has already been cut hard.
The source also notes a similar episode around April 2025, when Binance XRP open interest fell to comparable levels and price later formed a bottom near $1.80 before moving higher. That historical comparison does not confirm a reversal, but it does show how heavy leverage flushes have reset the market before.
Daily structure keeps $1.30 to $1.35 under pressure
On the daily chart, XRP is testing a support zone between $1.30 and $1.35, which forms the base of the current range. A daily close below $1.30 would break that structure and shift focus to $1.00 to $1.10 as the next downside area. If support holds, the price remains in consolidation.
Trend conditions still favor caution. XRP continues to print lower highs and lower lows, and it remains below declining moving averages. For the short-term structure to improve in a meaningful way, price would need to reclaim the $1.50 to $1.60 supply zone and take out the most recent lower high.
Volatility compression points to a larger move ahead
Bollinger Bands widened during the sell-off and have started to tighten. The source argues that volatility compression after a sharp decline often comes before another sizable move. XRP is trading near the lower band, which shows ongoing pressure, though it can also hint at seller exhaustion.
RSI has bounced from oversold territory and is now near 40, still below the 50 level that would suggest stronger momentum. The current price area also contains past liquidity. A clean break below support could trigger stop losses and speed up the decline, while a failure by sellers to press lower could spark a quick move through short covering.
For now, XRP sits at a clear decision point. A daily close above $1.50 would improve the odds of range recovery and better short-term momentum. A close below $1.30 would leave the market exposed to deeper losses.