Overview
- XRP traded near $1.36 on March 3 after a roughly 1.9% drop, with traders eyeing the $1.30 floor beneath the $1.33–$1.35 demand zone.
- Escalating tensions tied to strikes involving Iran drove risk-off flows, with oil up 6–7% and European gas jumping 40–50%, raising inflation concerns.
- Short-term setups allow for a potential recovery toward about $1.50 if support holds, while some analysts warn a confirmed bear pennant could target near $0.86.
- Hidden Road went live on the NSCC directory on March 2, a move seen as strengthening Ripple Prime’s links to traditional market infrastructure.
- Larger-wallet accumulation and a $6.97 million net inflow to US spot XRP ETFs contrasted with weak breadth, as about 38.8% of altcoins trade near record lows.