Key Highlights

  • XRP declined 3.52% to approximately $1.40 amid a broader crypto market pullback of roughly 2%
  • March 27 represents the SEC’s final deadline for ruling on several spot XRP ETF proposals
  • Wallets containing fewer than 100 XRP reached an all-time high of 5.66 million
  • Large holders with over 100,000 XRP maintain steady levels at 32,054, indicating minimal accumulation during the price decline
  • Futures Open Interest in XRP contracts decreased by more than 5% to $2.33 billion, reflecting diminished trading enthusiasm

XRP continues to face downward momentum as the critical March 27 SEC spot ETF decision date draws closer. Smaller investors show signs of accumulation during the price decline, while large-scale holders demonstrate minimal activity and exchange balances continue their upward trajectory — indicators that suggest near-term market uncertainty.

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XRP Price

The total cryptocurrency market capitalization has declined approximately 2%, currently positioned at $2.36 trillion. Bitcoin has remained below the $70,000 threshold throughout this period.

XRP experienced a 3.52% decline over the weekend, settling around the $1.40 mark. The digital asset struggled to maintain levels above the $1.45 resistance point, with heightened selling activity driving prices beneath the $1.40 support threshold.

Technical indicators reveal bearish momentum through the MACD histogram. The signal line crossing beneath the MACD line validates the ongoing downward trajectory in the immediate timeframe.

Critical support currently rests around $1.38. A breakdown below this level would direct attention toward the $1.35 zone as the subsequent support target. Recovery above $1.45 would be required to alter market sentiment, with a breakout above $1.50 potentially opening pathways toward the $1.55 resistance zone.

March 27: SEC’s ETF Decision Deadline

The SEC faces its conclusive deadline on March 27 for several pending XRP spot ETF applications. Companies awaiting decisions include Grayscale, 21Shares, Bitwise, Canary Capital, WisdomTree, and Franklin Templeton.

Grayscale seeks to transform its $2.1 billion XRP trust into a spot ETF structure. Franklin Templeton has submitted a proposal featuring a competitive 0.15% management fee. Bloomberg analysts currently estimate a 95% probability of at least one approval materializing before the calendar year concludes.

U.S.-domiciled spot XRP investment products have accumulated $1.44 billion in assets, primarily driven by retail participation. Market observers project that institutional capital flows could surge to $8 billion following regulatory approvals, with pension funds and retirement portfolios anticipated as major contributors.

ProShares previously introduced a 2x leveraged XRP ETF on NYSE Arca during July 2025. Earlier in March, the SEC and CFTC published a comprehensive 68-page regulatory framework that classified XRP as a digital commodity, placing it in the same category as Bitcoin, Ethereum, Solana, Cardano, and Dogecoin.

Blockchain Metrics: Small Wallets Grow While Large Holders Pause

Data from Santiment reveals that wallets containing under 100 XRP have climbed to a record 5.66 million. Addresses holding between 100 and 100,000 XRP similarly achieved a peak at 2.01 million. However, wallets containing more than 100,000 XRP remain unchanged at 32,054, maintaining levels following a decline observed in early February.

This distribution pattern frequently indicates that smaller participants are absorbing tokens from larger holders during price weakness.

Information from CryptoQuant demonstrates that XRP balances on Binance have increased to 2.79 billion XRP, advancing from 2.55 billion recorded in early February. Growing exchange inventories generally correlate with heightened distribution pressure.

Cryptocurrency analyst Ali Charts commented on X: “$XRP may be setting up for a rebound as the TD Sequential flashes a buy signal.” This observation emerged while XRP continued trading below the $1.40 level.

According to CoinGlass metrics, XRP futures Open Interest stands at $2.33 billion, representing a decline exceeding 5% from the prior day’s $2.47 billion. Open Interest has experienced consistent contraction throughout most of 2026, suggesting decreased leveraged positioning.

XRP currently reflects a year-to-date decline of approximately 25%.