XRP Clings to $1.37 as Bitcoin Surge Lifts Altcoins, But 60% of Holders Remain Underwater
XRP is clawing back ground on Tuesday, trading at $1.37–$1.39 after a broad crypto market rally, led by Bitcoin's 4.39% increase, drove
Quick overview
- XRP is trading between $1.37 and $1.39, recovering slightly after a broader crypto market rally led by Bitcoin's increase.
- Despite the rebound, over 60% of XRP holders are at a loss, with total unrealized losses exceeding $50 billion.
- XRP faces significant resistance around the $1.40 mark, with a daily close above this level needed for bullish momentum.
- The near-term outlook for XRP is cautiously bullish, contingent on sustained buying pressure and market conditions.
XRP XRP/USD is clawing back ground on Tuesday, trading at $1.37–$1.39 after a broad crypto market rally, led by Bitcoin’s 4.39% increase, drove altcoins higher in its wake. The digital asset, which had been hovering at multi-month lows, has made a slight but significant comeback with the move. Beneath the surface, however, XRP holders’ situation is still extremely complex.
Bitcoin Does the Heavy Lifting as XRP Tracks Market Beta
The price behavior on Tuesday reveals a well-known pattern for XRP: the coin increased because Bitcoin BTC/USD moved first rather than any XRP-specific driver. XRP’s 1.9%–2.43% growth is primarily due to its historical association with broader market mood rather than independent momentum, given that the whole crypto market capitalization has increased by 3.44% over the last 24 hours.
In other words, XRP is trading on beta rather than alpha. By purchasing XRP here, investors are largely placing a wager on the direction of the larger cryptocurrency market. A bullish “Adam and Eve bottom” chart pattern was identified by AMBCrypto analysts, and daily transactions on the XRP Ledger increased to almost 2.5 million, a notable increase in network activity that indicates real utility rather than pure speculation. These secondary tailwinds did offer some extra support.
$50 Billion in Unrealized Losses Hangs Over the Market
It is impossible to overestimate the extent of investor suffering in XRP despite Tuesday’s rebound. According to Glassnode data, over 36.8 billion XRP tokens, or more than 60% of the circulating supply, are being held at a loss after the token dropped 63% from its multi-year high of $3.66, which was reached in July 2025. The total amount of unrealized loss is an astounding $50.8 billion.
The suffering is not limited to shopping. The average investor who owns XRP is still underwater since the current price of the cryptocurrency is lower than its aggregate holder cost basis of $1.44. Spot XRP ETF products have also had two days in a row of withdrawals totaling $22.8 million; on Friday alone, redemptions were $16.2 million, the biggest single-day withdrawal since January 29. In the week ending March 6, net outflows from global XRP investment products exceeded $30 million.
The $1.40 Wall: Where Bulls and Bears Meet
Technically speaking, XRP is engaged in combat in a crowded area of resistance. The coin has been pushing against the 20-day exponential moving average (EMA), which is currently at about $1.39, for a number of sessions without a clear closing above. The 200-week simple moving average (SMA) at $1.40 is an additional ceiling, and interestingly, Glassnode’s UTXO realized price distribution data shows that investors collectively acquired $1.28 billion worth of XRP at that level, making it a psychologically and structurally significant barrier.
The first reliable indication that bulls have taken back control would be a verified daily close over $1.40. After that, analysts predict a likely rebound toward $1.50 (the 38.2% Fibonacci retracement) and then $1.61, with a potential extension to $1.95 if the $1.40 level is firmly regained as support.
The crucial near-term floor to the downside is $1.36, which also happens to be a recent swing low and the 78.6% Fibonacci retracement. A retest of $1.30 and the local low of $1.27 recorded on February 28 are also possible if this level is broken. In the worst case, XRP might look for the February 6 low at $1.13, which also happens to be the 200-week EMA, if it loses $1.27.
Cautiously Bullish With Critical Conditions Attached
The best way to characterize XRP’s near-term outlook is as cautiously bullish, but only conditionally so. Tuesday’s advance hasn’t given bulls the validation they need, and the coin is still stuck in a multi-week consolidation zone. The route to $1.50–$1.61 would commence with a daily closing above the 20-day EMA ($1.39) and the 200-week SMA ($1.40). Selling toward the $1.27–$1.30 support cluster would probably pick up speed if $1.36 was not held on a closing basis.
With XRP Ledger transactions surpassing 2.5 million daily, the improved on-chain picture provides a solid underlying basis for current values. However, any large upside move will require persistent buying pressure rather than a single session’s beta-driven bounce because most holders are still holding losses and ETF withdrawals are still occurring. The CPI report on Wednesday and the next 48 hours will probably decide whether XRP continues its downward trend or breaks higher.
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