XRP is trading near $1.36, close to historical support levels.
Chain indicators suggest that the asset may be undervalued.
Analysts highlight a descending wedge pattern, which often precedes breakouts.
Resistance appears near $1.39, with potential movement towards $1.43.
Analysts continue to study blockchain data to identify potential turning points in cryptocurrency markets. According to insights shared by Tokocrypto, several on-chain indicators suggest that $XRP may currently be trading below its fair value.
One indicator that draws attention is the MVRV Z-Score, which compares market capitalization to realized value. This indicator helps analysts determine whether the asset is trading at a high or low price compared to historical price behavior. When the indicator drops to lower levels, it often suggests that investors may have already sold a significant portion of their holdings at a loss.
Such conditions often occur near market bottoms as selling pressure becomes exhausted. Another indicator focuses on the ratio of realized profits to losses, which currently sits near 1.0. This level historically appears during capitulation periods, when investors stop selling aggressively and the market begins to stabilize.
In previous cycles, similar conditions preceded significant recoveries for several cryptocurrencies. Due to these signals, some analysts believe that $XRP may be approaching the end of the recent correction phase.
Art patterns indicating the possibility of a breakout
Beyond on-chain data, chart patterns are also showing potential signs of trend reversal. Technical analysts have identified a descending wedge formation on the XRP price chart. This pattern forms when price movements gradually compress within sloping downward trend lines.
In many cases, descending wedges appear before upward breakouts. If the pattern resolves to the upside, analysts expect XRP to challenge major resistance levels. The first significant resistance appears near $1.39. A confirmed breakout above this level could drive the price towards $1.43, representing a potential movement of 11 percent from recent levels.
Recent market activities are already showing early signs of strength. On March 13, 2026, XRP briefly rose above $1.39, achieving an increase of about 3 percent during the trading session. This movement indicates that buyers may have already started to return to the market.
Market stability may support recovery
At the same time, analysts continue to monitor lower support levels. If the price fails to maintain momentum, the next major support is around $1.31. Breaking this level could extend the correction before a sustainable recovery begins.
Institutional activity also appears relatively stable. Reports indicate a lack of net inflows or outflows from XRP trading funds, suggesting that major investors have halted aggressive selling. This stability often creates conditions for a gradual recovery in prices.
While uncertainty remains in the broader cryptocurrency market, a range of on-chain indicators suggesting undervaluation and bullish technical patterns has sparked renewed optimism about the prospects of $XRP in the short term. Investors are likely to closely monitor resistance levels in the coming days to determine whether the asset can confirm a broader trend reversal.