XRP completes 2-hour golden cross near $1.36 as $50.8B unrealized losses push supply toward historical max-pain

first published 2026-03-08T05:06:07Z

XRP traded in a tight 1.9% range after a brief technical breakdown and high-volume selling pushed price to $1.3473 before buyers defended the ~$1.35 area. Over 24 hours the token slipped from $1.3666 to $1.3554. Mixed institutional flows and subdued derivatives activity accompanied the move. Traders are watching whether $1.35 holds — a rebound could test $1.36–$1.37 and $1.40, while a decisive break may expose support near $1.30–$1.32.

AI Analysis

Price briefly broke down to $1.3473 on high-volume selling then was defended at ~$1.35; the 24-hour move was small (1.9% range) and described as driven by technical positioning amid mixed institutional flows and subdued derivatives activity, so immediate directional bias is modest but slightly bearish if $1.35 fails.

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