XRP is trading under renewed pressure as broader macro uncertainty collides with a fresh wave of crypto liquidations. The token has drifted toward an important support area near $1.326, with market structure, momentum indicators, and derivatives data all pointing to a fragile short-term setup.
Price Action Turns Defensive Near Range Lows
According to the source material, XRP was changing hands at $1.33247 at 09:11, down 3.07% over the previous 24 hours. During that session, the asset recorded a high of $1.38237 and a low of $1.32559. Those figures place XRP close to the bottom end of its recent trading range and suggest that buyers have so far struggled to reclaim control.
On the four-hour chart, the market has reportedly formed a sequence of lower highs and lower lows after being rejected near $1.466. That pattern typically reflects a market where upside momentum has weakened and rallies are failing to attract sustained follow-through. Recent candles indicate that XRP is hovering just above support around $1.326, but repeated stabilization attempts have not yet produced a meaningful reversal. The source also notes that volume expanded during key downside moves, reinforcing the idea that selling pressure has remained persistent rather than temporary.
Geopolitical Tension Adds to Risk-Off Pressure
Beyond the chart, the macro backdrop has become increasingly hostile for risk assets. The report points to escalating tensions between the United States and Iran as of March 27, with a 10-day pause tied to potential attacks expected to expire on April 6. Although negotiations were still underway, conflicting proposals and ongoing military activity in the region kept markets on edge.
Those developments fed directly into the energy complex. Brent crude reportedly climbed to $111.41 per barrel amid concerns that any prolonged disruption around the Strait of Hormuz could affect roughly 11 million barrels per day of supply. Rising oil prices have amplified inflation concerns and contributed to sharp reactions across global financial markets. In that type of environment, investors often scale back exposure to volatile assets, and cryptocurrencies such as XRP tend to suffer when defensive positioning takes hold.
The article also references a warning from BlackRock CEO Larry Fink, who said that oil moving toward $150 per barrel could trigger a severe global recession. While that outcome remains hypothetical, the warning underscores why macro-sensitive traders are paying close attention to energy markets and geopolitical headlines. For crypto participants, the message is straightforward: if global growth fears intensify, speculative assets may face an even tougher backdrop.
Liquidation Data Shows Long Positions Taking the Hit
Derivatives activity paints a similarly cautious picture. Data cited from Coinglass shows that total crypto liquidations reached $450.54 million over the previous 24 hours, with long positions accounting for the bulk of that total. That kind of imbalance is often seen when a broad market pullback forces leveraged bullish traders out of their positions, accelerating the decline.
For XRP specifically, total liquidations were reported at $7,746,753. Of that figure, $7,151,908 came from long liquidations, while only $594,848 came from short liquidations. The skew is significant. It suggests that leveraged long exposure was more vulnerable than bearish positioning and that the sell-off was amplified by forced unwinds rather than spot-only weakness.
Such liquidation cascades matter because they can create self-reinforcing downward pressure. As prices fall, overleveraged longs are closed out, which can push prices lower still and trigger additional liquidations. In a market already dealing with macro stress and weakening technicals, that mechanism can keep sentiment depressed even when assets approach apparent support zones.
Technical Indicators Continue to Signal Weak Momentum
The technical readings cited in the source remain broadly bearish. XRP’s relative strength index stood at 32.00, placing it just above oversold territory. That level does not guarantee an immediate rebound; instead, it highlights persistent downside pressure and a market that has not yet shown convincing recovery momentum.
The moving average convergence divergence, or MACD, also reflected negative momentum. The report listed the MACD line at -0.02057, the signal line at -0.01512, and the histogram at -0.00545. Together, those readings indicate that bearish momentum is still active rather than fading decisively.
Moving averages further reinforce the defensive setup. XRP was trading below both the 14-period simple moving average at $1.37636 and the 21-period simple moving average at $1.38847, suggesting that any recovery attempt would need to overcome a nearby resistance cluster. Bollinger Bands show price near the lower band around $1.32568, with the midline near $1.38637 and the upper band near $1.44706. In practical terms, that means XRP is testing the lower edge of its current volatility range.
What Traders May Be Watching Next
From here, the $1.326 area stands out as the immediate support to monitor. If that level fails to hold, the current structure suggests sellers could retain control as the token remains pinned near the lower Bollinger Band. On the other hand, any meaningful stabilization would likely require XRP to reclaim the $1.37 to $1.38 zone and move back above the clustered short-term moving averages.
Until that happens, the prevailing bias appears tilted to the downside. The combination of lower highs, heavy long liquidations, elevated macro anxiety, and weak momentum readings leaves XRP vulnerable to further pressure. Even if short-term bounces emerge, traders may continue to treat them cautiously unless the token can rebuild support above key resistance and show stronger evidence of renewed buying interest.
In short, XRP’s latest pullback is not occurring in isolation. It sits at the intersection of technical weakness, leverage washouts, and a macro environment shaped by geopolitical tension and rising energy costs. As long as those forces remain in place, the market may continue to price XRP defensively near the lower end of its recent range.