XRP Under Pressure Amid Key Regulatory Shift

XRP retreats at the very moment its status reaches a decisive milestone. Now classified as a commodity, the asset could have attracted renewed interest. That is not the case. The market remains under pressure, caught between technical weakness and macroeconomic tensions. This discrepancy between regulatory progress and price reaction reveals a still hesitant market.

XRP Under Pressure : Fragile Technical Signals and Persistent Selling Pressure

XRP is currently trading in a low zone after a turbulent week marked by rejection from higher levels, while Ripple prepares a fourth massive token unlocking. Priced at 1.39993 dollars on March 22, the token shows a 2.95% decline over 24 hours, after briefly climbing towards 1.60 dollars before correcting.

The market remains under pressure, with a price near the session low point located around 1.385 dollars. Short-term analysis reveals a momentum loss, with a weakened market structure. Thus, XRP “remains positioned near the lower Bollinger band”, which indicates persistent downward pressure, while trading below its key moving averages, limiting rebound attempts.

Several technical indicators confirm this fragile dynamic :

• The RSI is around 35.90, close to the oversold area, signaling weakened momentum ;
• The MACD remains negative, with values below the signal line, confirming a bearish trend ;
• The price trades below the 14- and 21-week moving averages, which act as resistances ;
• The Bollinger bands show a price close to their lower limit, around 1.37982 dollars ;
• The 1.39 – 1.40 dollar zone constitutes a key support to prevent an extension of the decline.

In this context, the market remains hesitant. Maintaining above this support could allow a return towards 1.50 dollars, while a breakdown would expose XRP to a decline towards 1.30 dollars.

Between Regulatory Progress and Institutional Inertia : A Market on Hold

However, XRP is going through a structuring phase on the regulatory level. On March 17, the SEC and CFTC formalized its classification as a commodity, a change that ends a long period of legal uncertainty.

This evolution now places the asset in a category comparable to commodities like gold or oil, theoretically opening access to wider adoption by financial institutions.

Despite this strong signal, the market remains cautious. Institutional investors have not yet initiated massive flows, slowed by a global environment marked by renewed risk aversion. The escalation of geopolitical tensions, particularly around the Strait of Hormuz, triggered a flight to safer assets, limiting the immediate impact of this regulatory recognition.

This caution is also reflected in the gap between adoption and valuation. Evernorth’s CEO, Asheesh Birla, sums up this situation explaining that “XRP is not yet used as a large-scale liquidity bridge”, highlighting that institutional usage remains insufficient to sustainably support demand.

He specifies that “the version of XRP we believe capable of generating sustainable usage demand is the one where banks and businesses use it as working capital”. Despite positive signals, like the 1.3 billion dollars in net inflows recorded by XRP ETFs in only 50 days or the 388 million XRP held by Evernorth, institutional adoption progresses at a still limited pace. Birla himself acknowledges: “we see signs of growth in institutional usage. But, not as rapidly as that of retail users”.

XRP is evolving in a wait-and-see phase, between regulatory progress and investor caution. As long as institutional adoption remains limited and the macroeconomic context weighs on markets, the XRP price struggles to reflect its fundamentals. The next steps will depend on the market’s ability to transform this legal framework into concrete use.