Ripple XRP trading at $1.44 within an ascending triangle formation ... receiving significant attention ahead of US SEC ETF approval

TechubNews · 2026-03-21T15:33:08+00:00

Ripple (XRP) is currently trading in the range of $1.44 to $1.45, with resistance levels at $1.50 to $1.60. Analysts are monitoring the possibility of ETF approval on March 27. If approved, $98.8 billion in capital inflows could drive price increases. Standard Chartered Bank predicts year-end prices could reach $8, contingent on legislation passing. XRP is currently facing price pressure, with an anticipated unlock of 1 billion XRP expected in April. The market cap stands at approximately $881.3 billion, with short-term price action influenced by ETF decisions and legislative developments.

TechubNews

2026-03-21 15:33:08

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Ripple (XRP) is currently trading between $1.44 and $1.45 at 3:00 PM UTC on March 21, 2026. While trading within an ascending triangle pattern, the main resistance level is at $1.50 to $1.60, and support is at $1.39 to $1.42. Analysts are watching for a potential breakout above $1.60 before the SEC’s ETF approval deadline on March 27, which is based on over a 90% approval probability for companies like Grayscale and Bitwise. If such approval is granted, up to $80 billion in institutional funds could flow into XRP after the SEC and CFTC classified it as a digital commodity on March 17.

After failing to break the previous resistance at $1.60, XRP remains at $1.44, with the Relative Strength Index (RSI) holding in a neutral zone between 50 and 55. A bullish breakout could target $1.70 to $1.80, while downside risks point to $1.33 and $1.20. XRP has declined 40% from its 2026 high of $2.40 to $3.66, facing downward pressure from the Federal Reserve’s interest rate freeze stance, reduced ETF capital inflows, and decreased whale activity.

Standard Chartered Bank predicts that if the CLARITY Act passes, XRP could reach $8 by the end of 2026. Ripple’s CEO estimates an 80% chance of the bill passing and forecasts a price adjustment to $2.80 if it does not.

XRP’s ledger processes 2 to 2.8 million transactions daily, with 7.7 million active wallets. In decentralized finance (DeFi), over 16,000 tokens operate across 27,000 liquidity pools. Institutional adoption is accelerating, with Mastercard integrating Ripple’s payment system and Deutsche Bank connecting to the XRP ledger.

Ripple plans to unlock 1 billion XRP in a fourth monthly release in April 2026, but since 700 million XRP will be re-locked, the overall market supply pressure is expected to be limited.

Currently, XRP’s market cap is approximately $881.3 billion, maintaining its fourth position in the cryptocurrency market. The March 27 ETF approval decision and the progress of the CLARITY Act will be key factors influencing XRP’s short-term price movement. Breaking above $1.60 resistance could signal a renewed upward trend.

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