Resistive Random Access Memory (RRAM) is a prominent contender in the realm of emerging non-volatile memory technologies owing to its numerous advantages like simple structure, low power usage, high speed, and exceptional scalability. In the current study, RRAM device was fabricated using tantalum oxide (TaOx) as a resistive switching insulating oxide layer, which was sandwiched between two conducting electrodes, namely Ag and ITO. RF magnetron sputtering was used to deposit the insulating layer of TaOx at room temperature on the ITO substrate. Further, X-ray reflectivity and hard X-ray photoelectron spectroscopy analyses were conducted to find the thickness, roughness, and elemental composition of the deposited TaOx films. Using a semiconductor analyzer, the RRAM cell's first DC switching characteristics were determined. The data acquired exhibited a resistance ratio (R HRS/R LRS) of 120 showing a good distinction between the two-resistance states. Additionally, a thorough investigation was conducted to examine the electrical conduction mechanism occurring inside the fabricated RRAM device.