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- NEAR and XRP remain under pressure despite rising trading volumes.
- Technical indicators suggest continued bearish momentum.
- Key resistance and support levels will determine next price direction.
The broader crypto market is showing signs of fatigue, with both NEAR Protocol and XRP extending recent losses. On March 31, 2026, NEAR slipped to $1.17 while XRP dropped to $1.31, reflecting a continued lack of bullish conviction despite rising trading activity. The divergence between volume and price suggests sellers remain firmly in control, raising questions about near-term recovery prospects.
NEAR Price Trend Signals Continued Weakness
NEAR has declined roughly 2.3% over the past 24 hours, with weekly losses nearing 10%. Even as trading volume jumped over 28% to $176 million, its market cap fell to $1.51 billion—an indication that increased activity is largely driven by selling pressure rather than accumulation.
Technically, NEAR remains locked in a clear downtrend after failing near the $1.50 level. The chart structure shows consistent lower highs and lower lows, reinforcing bearish sentiment. A short-term bounce near the 0.618 Fibonacci retracement around $1.165 has offered limited relief, but momentum remains weak.
Key resistance levels are seen at $1.23, $1.29–$1.30, and $1.37. Unless buyers reclaim these zones with strong volume, upside moves may be short-lived. On the downside, a break below $1.16 could expose the token to deeper losses toward $1.07 or even $0.95.
Momentum Indicators Confirm Bearish Bias
Indicators further support a cautious outlook for NEAR. The Relative Strength Index (RSI) sits below the neutral 50 level at around 41, signaling weakening buying pressure. Meanwhile, the MACD has printed a bearish crossover, with the histogram turning negative—both classic signs of a strengthening downtrend.
Together, these indicators suggest that any recovery attempts may face resistance unless a meaningful shift in momentum occurs.
XRP Faces Uncertainty as Bottom Remains Unconfirmed
XRP is also under pressure, falling 2.65% in the last 24 hours and over 7% for the week. Despite a 12% rise in trading volume to $1.9 billion, the token continues to struggle within a range-bound market.
Market analysts caution that XRP has yet to confirm a macro bottom. Short-term rallies are being viewed as temporary, with a decisive break above $2 needed to signal a potential trend reversal. Until then, uncertainty dominates, and many traders are opting for cautious, short-term strategies.
Derivatives data adds to the concern. Declining open interest and negative funding rates suggest reduced trader confidence and a tilt toward bearish positioning.
Also Read: Bitcoin ETF Inflows Surge as BTC Nears $75K While Retail Investors Sell Rally
Both NEAR and XRP reflect a broader market struggling to regain bullish momentum. Rising volumes paired with falling prices highlight distribution rather than accumulation, a pattern often seen in weak markets.
While short-term bounces are possible, the overall structure for both assets remains fragile. A sustained recovery will likely require stronger market-wide catalysts and renewed buyer confidence.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
