XRP price fell by 3.52% to $1.40 on Sunday as traders lose their senses after a notable surge the previous week. The token struggled to re-claim the $1.40 level in the midst of a broader 2% decline in the crypto market, which is now worth $2.36 trillion. Market fear, cascading liquidations, and Bitcoin closing under $70,000 and negative sentiment selling pressure.
All attention is focused on the March 27th SEC ruling on spot ETFs, an important part of the regulatory framework around XRP. Market participants believe this decision could change the course of the XRP ETF applications.
Grayscale, 21Shares, Bitwise, Canary Capital, WisdomTree, and Franklin Templeton are major asset managers waiting for this decision. Grayscale plans to turn its $2.1 billion XRP trust into a spot ETF, and Franklin Templeton added a 0.15% fee to its proposal for competitiveness.
Bloomberg analysts believe there is a 95% chance this will be approved by the end of the year, but March 27 will be particularly important because it is the last of the pending filings. Spot XRP investment vehicles have secured $1.44 billion, mostly from retail investors.
If approvals for XRP ETFs are given, the potential institutional investment is 8 billion dollars from pension and retirement accounts. ProShares launched a two times leveraged XRP ETF, which has been trading on NYSE Arca since July 2025.
Increased regulatory clarity for the March 17 SEC and CFTC joint framework further approves the digital asset ecosystem by classifying the digital assets into five groups under federal law. XRP is classified alongside Bitcoin, Ethereum, Solana, Cardano, and Dogecoin as digital commodities.
XRP’s network activity continues to be strong. Data from wallets shows that small holders are becoming more and more active as wallets with under 100 XRP have reached a new all-time high of 5.66 million.
In addition to this, Santiment reports that 100 to 100,000 XRP wallets are 2.01 million and that there are 32,054 wallets over 100,000 XRP. This shows strong retail involvement and larger holders accumulating despite volatility in the market.
XRP’s price is technically under pressure. The asset’s price fell to 1.39 after it was unable to hold above 1.45 in resistance and more recently it broke 1.40 support. The MACD histogram is bearish, and the signal line is crossing under the MACD line. In the short-term support is at 1.38, and if the price continues to fall the next goal would be 1.35.
From a bullish perspective, if XRP’s price is above 1.45 the market’s sentiment would be stable, and if the price continues to be above 1.50 the goal would be to reach 1.55 resistance. Analysts believe XRP will gain from the adoption of the XRP Ledger and the regulatory clarity provided by the CLARITY Act.
