XRP Whales Scoop Up 190M Tokens While Weekly Technical Indicators Flash Bottom Formation

Key Takeaways

Table of Contents

XRP maintains a trading range of $1.32 to $1.35 while technical charts suggest a potential cycle bottom formation
Weekly RSI reached oversold territory at 29 on March 2 and has since climbed to 34
The MACD indicator sits at record lows and appears poised for a bullish crossover
Approximately 500 million XRP tokens have been purchased near the $1.30 price point, establishing strong support
A breakdown below the $1.27–$1.30 range could send prices toward $1.15–$1.12, with a downside scenario targeting $0.80

After eight months of declining prices, XRP is showing signs that could indicate a market bottom is forming, based on multiple technical indicators that have proven reliable in the past.

The digital asset is currently hovering between $1.32 and $1.35, with market participants focused on whether buyers can successfully defend the critical $1.30 support level.

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XRP Price

On March 2, the weekly Relative Strength Index plummeted to 29, firmly in oversold territory. Since then, it has rebounded to 34. Past instances when XRP’s RSI reached similar depths have typically been followed by significant upward price movements.

Meanwhile, the MACD indicator has descended to unprecedented lows for XRP. The indicator is now approaching a bullish crossover—a technical signal that has coincided with major market bottoms in previous cycles.

Historical data shows that when these two signals have converged—an oversold RSI combined with a MACD bullish crossover—XRP has experienced rallies ranging from 74% to 230%. This pattern emerged in 2022 and repeated in the middle of 2024.

Critical Support Zone at $1.30

Market analyst Egrag Crypto characterized the $1.30 region as “a very sensitive level” representing a pivotal point “where the market chooses direction.” According to his analysis, maintaining this zone could facilitate upward momentum, while a breach could trigger a decline toward $1.15.

#XRP – This Is Where It Decides ⚖️:
We’re sitting at a very sensitive level… this is where the market chooses direction.
🔼If this zone holds, we grind higher.
🔽If it breaks, we likely revisit deeper support around $1.15.
🟡Historical behavior matters:
In the previous cycle,… pic.twitter.com/6DAyXHpOnQ
— EGRAG CRYPTO (@egragcrypto) March 27, 2026

Blockchain analytics from Glassnode reveal that roughly 500 million XRP tokens were purchased around the $1.30 mark. This substantial accumulation at a specific price point establishes a significant support foundation driven by buyer activity.

Should the $1.30 level fail to hold, the subsequent support area lies between $1.15 and $1.12, coinciding with the 200-week simple moving average. Breaking through that threshold would potentially activate the bear flag projection of $0.80.

Technical analyst Arthur highlighted on X that the weekly RSI for XRP had reached one of its most depressed levels in recent years, questioning whether this chart pattern was “flashing a long-term bottom signal.” Fellow analyst Cryptoinsightuk observed that this represents only the second occasion XRP has entered oversold RSI territory, with the previous occurrence in July 2022 marking the precise market bottom.

XRP/Bitcoin Performance Comparison

In addition to its dollar-denominated price action, XRP is showing signs of stabilization against Bitcoin near the lower boundary of an extended consolidation pattern. The previous time XRP reached a bottom versus BTC at this level was in June 2025, which triggered a 56% increase in the XRP/BTC pair and propelled XRP 92% higher to reach $3.66.

190 million $XRP have been accumulated by whales over the past week. pic.twitter.com/8B8lffm3qV
— Ali Charts (@alicharts) March 30, 2026

Blockchain metrics indicate that large holder accumulation is accelerating. Data compiled by analyst Ali Charts reveals that whales acquired 190 million XRP tokens during the past week. Additionally, exchange outflows have remained elevated, a pattern generally associated with long-term holding strategies rather than short-term trading.

For bulls to confirm a trend reversal, XRP must reclaim the $1.61 range high and establish it as support.