XRP Holds Above $1.37 as Ripple’s $750M Buyback Clashes With Bearish Chart Structure

Quick overview

XRP XRP/USD is trading at roughly $1.38, down 0.6% over the past 24 hours, quietly lagging a broadly negative market. Although it is not dramatic, the move lower is instructive. XRP has drifted amid a cautious larger market that exhibits little appetite for altcoin risk in the absence of a coin-specific catalyst to spur buying.

While XRP’s 24-hour trading volume dropped 30.75% to $2.31 billion, the cryptocurrency Fear & Greed Index is currently at 26, firmly in “Fear” territory. A market in wait-and-see mode rather than active distribution is suggested by the decrease, which is occurring due to poor conviction rather than any concerted sell pressure.

Ripple’s $750M Share Buyback Values Company at $50 Billion

Ripple Labs is moving with corporate confidence away from the chart. In a tender offer priced at $50 billion, a 25% increase above its November 2025 financing round valuation, Ripple intends to repurchase up to $750 million in shares from investors and workers until April, according to a Bloomberg article on Wednesday.

The buyback comes after major growth, including Ripple’s intentions to obtain a financial services license in Australia, its $1.2 billion acquisition of prime broker Hidden Road, and its purchase of treasury platform GTreasury. Ripple also announced earlier this week that it had handled more than $100 billion in transactions, with the market capitalization of its RLUSD stablecoin exceeding $1 billion. However, Forge Global’s private share data revealed a 9% decline in Ripple’s private share price on Wednesday, indicating that not all investors agree with the buyback’s bullish pricing.

XRP ETF Inflows and Exchange Withdrawals Hint at Quiet Accumulation

A more positive signal is provided by on-chain data. CryptoQuant researcher Darkfost noted a huge jump in XRP withdrawal transactions on Binance, including a surge of over 14,000 transactions on March 6 alone – behavior that often signals accumulation, with holders moving tokens off exchanges into private wallets. Goldman Sachs apparently has over 83 million XRP, indicating increasing institutional exposure, while XRP ETFs have already received over $1.4 billion in total inflows.

The path of least resistance for XRP is still sideways to somewhat lower in the near future. The two things to keep a close eye on are Bitcoin’s stability above $69,000 and the $1.35 support level. The chart encourages patience over conviction until XRP regains $1.60; institutional interest is quietly growing beneath the surface, but the price hasn’t yet reflected it.

XRP/USD Technical Analysis: Consolidation Range Forms, Bears at Advantage

After a severe corrective phase from above $2.20 that bottomed between $1.10–$1.20 in February, XRP is currently navigating a clearly defined consolidation zone between roughly $1.25 and $1.45. Buyers have somewhat stabilized the asset since that capitulation wick, but the overall structure is still negative.

The 50-, 100-, and 200-period moving averages of XRP, which all slope downward and serve as dynamic resistance, are traded below. The biggest long-term obstacle is still the 200-period moving average around $1.90. Maintaining the range-bound consolidation between $1.35 and $1.45 requires retaining key support at $1.35. A drop might expose XRP to a retest of $1.30, especially if Bitcoin falls below $69,000. Reclaiming $1.60 to $1.70 is the minimal benchmark required for bulls to indicate any significant fundamental change.

ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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