Gate News, March 16 — XRP price experienced a breakthrough rally, breaking through the consolidation range seen over the past few months. In the last 24 hours, XRP rapidly surged from around $1.41 to a high of $1.4798, with trading volume soaring over 250%, reaching a peak of approximately 170 million coins traded. The current price remains above $1.4550, holding above the 100-hour simple moving average, providing support for further upward movement.
Technical analysis shows that $1.426 was a key resistance level that repeatedly prompted rebounds. Driven by strong trading volume, XRP broke through this resistance, and the short-term chart shows a series of higher lows and higher highs, indicating buyers are attempting to turn old resistance into new support. The next resistance zone for traders is between $1.48 and $1.50. Once broken, the price could further reach $1.5250 and $1.5320, or even challenge the $1.55 area.
On-chain activity on the XRP Ledger continues to grow. In Q1 2026, the total value of tokenized real-world assets on the XRP Ledger approached $1.14 billion, reflecting increased network activity and supporting the price trend. This rally is not driven by a single catalyst but results from a combination of market sentiment and on-chain activity.
On the downside, key support levels are between $1.43 and $1.44. If XRP falls below $1.4325, it would retrace about 50% of the previous rally from $1.3855 to $1.4798, with further support near $1.410 and the major support at $1.3680. Investors should monitor these levels to assess the sustainability and risks of the current rally.
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