XRP Struggles Below $1.4 Despite XRPL Transaction Surge

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XRP Struggles Below $1.4 Despite XRPL Transaction Surge

• XRP trades at $1.3947, down 0.46%, pressing against the 4-hour Supertrend at $1.3541.
• Volume rises 9% to $3.95B while open interest dips slightly to $2.59B.
• XRPL payments hit 2.7M, and AMM pools reach 27K, though XRP stays down YTD.

XRP trades at $1.3947, down 0.46%, holding inside a tightening symmetrical triangle on the 4-hour chart as the market wrestles with a contradiction that has defined the token all year. The XRP Ledger has never been busier. The price has never been more disconnected from it.

4-Hour Chart: Triangle Compresses As EMA Cluster Stacks Overhead

The 4-hour chart shows XRP inside a symmetrical triangle forming since the February lows near $1.27, with a rising lower trendline and a descending upper trendline converging near $1.40. The Supertrend sits at $1.3541 in a bullish position below the price.

The 200-day EMA at $1.4438 is the level that matters most. XRP has not closed a 4-hour candle above it since mid-February. The triangle is compressing toward resolution, and whichever direction it breaks will likely be amplified by the EMA cluster sitting directly at the breakout zone.

Key levels:

• Supertrend support: $1.3541
• Triangle lower boundary: ~$1.37 rising
• EMA resistance: $1.4438
• Triangle upper boundary: ~$1.42
• Target on upside break: $1.53 to $1.58

Derivatives: Options Volume Doubles As Traders Hedge The Triangle

Volume rose 9.26% to $3.95B while open interest slipped 0.27% to $2.59B, a flat OI reading that suggests positioning is stable rather than building aggressively in either direction. The more telling number is options volume, which surged 92.60% to $4.96M. Traders are buying protection ahead of the triangle resolution rather than committing directionally through futures.

The Binance long/short ratio sits at 2.50 for accounts and 2.88 for top trader accounts, with top trader positions at 1.07. That gap between account-level bullishness and position-level neutrality among top traders is worth noting. Retail is leaning hard long while institutions are sitting closer to flat. The 24-hour liquidation split shows longs absorbed $1.76M against $1.51M for shorts, a balanced picture consistent with a market waiting for a catalyst rather than trading with conviction.

XRPL Is Booming, But XRP Is Not.

Daily payments on the XRP Ledger recently hit a 12-month high of 2.7 million, up from roughly 1 million in late 2025. AMM pools have grown to nearly 27,000, supporting over 16,000 unique tokens. Tokenized real-world assets on the ledger climbed to $461 million, up 35% in 30 days. Stablecoin transfer volume over the same period hit $1.19 billion. Every on-chain metric that should matter for a utility token is pointing higher.

The token is down 26% year-to-date. The explanation is structural. Most of XRPL‘s transaction growth is driven by Ripple’s RLUSD stablecoin and tokenized assets that use XRP as a three-second bridge currency for cross-border settlement. The token gets used and immediately sold. There is no lockup, no staking demand, no DeFi TVL absorbing supply. XRPLs total value locked sits at $47.54 million according to DeFiLlama, against a token market cap of $84 billion. For comparison, Solana carries around $4 billion in TVL.

The one area where the data genuinely supports a bull case is RWA tokenization. The $461 million in distributed asset value and $1.5 billion in represented asset value put XRPL ahead of several larger chains in specific tokenization categories, and the 30-day RWA transfer volume of $149 million suggests real institutional flows rather than noise.

Outlook: Will XRP Go Up？

• Bullish case: XRP breaks the triangle upper boundary at $1.42 and closes a 4-hour candle above the 200-day EMA at $1.4438. That opens the path toward $1.53 to $1.58, consistent with the triangle measured move target. March historically averages an 18% return for XRP, and macro stabilization around the Iran conflict could provide the broader risk-on backdrop needed.
• Bearish case: The triangle breaks downward through $1.37, and the Supertrend at $1.3541 fails to hold. That exposes the $1.27 to $1.30 support zone that has held through multiple tests this year. A break below it would put $1.22 back in focus.