- XRP faces strong resistance at $2.5000–$2.6700, with $2.6567 acting as a key rejection point. A breakout above $3.3992 may signal bullish momentum.
- March is historically bearish for XRP, with a potential dip unless a pump occurs. A Wave 5 rally could emerge by Q2 or Q3 2025.
- The $2.1676–$2.2872 range is a key consolidation zone. Failure to hold $2.5000 may push XRP toward lower support levels.
According to Egrag Crypto, priced at $2.5653, down by 3.59%, XRP is experiencing a very critical period. The highest and lowest prices over this period were $2.6692 and $2.5432, respectively. As resistance appears between $2.5000 and $2.6700, XRP is struggling to maintain its upward momentum. The $2.6567 level is crucial, marked by multiple rejections. Meanwhile, a strong support zone lies between $1.5952 and $1.7931, previously acting as a reversal point.
Market Sentiment and Macro Perspective
XRP’s market sentiment depends heavily on entry points. Traders who bought below $0.25 or $0.50 likely perceive the current market as bullish. However, those who entered around $3.20 may see things differently. Potential price levels like $10, $17, or even $27 could reshape investor sentiment. Understanding these macro factors is essential before reacting to short-term fluctuations, which are often considered noise.
March is historically a bearish month for XRP. Analysts predict a possible dip unless a strong pump materializes in the coming weeks. If XRP does not surge soon, it suggests the market remains in Wave 2. This could lead to a decline or a double bottom formation, retesting lows from February 3, 2025. However, if a significant pump occurs, mid-March might bring a dip before an explosive Wave 5 rally by Q2 or Q3 2025.
Technical Indicators and Price Action
The 12-hour Binance data highlights a yellow moving average closely tracking price fluctuations. This indicator acts as dynamic support and resistance. Moreover, the $2.1676 – $2.2872 range suggests a historical consolidation zone, reflecting strong buying and selling pressure. Colored circles mark critical price reactions, with red indicating declines, while green and purple highlight recovery points.
Additionally, a potential breakout target stands at $3.3992, a key resistance zone. If XRP breaches this level, a strong bullish move could follow. However, failing to hold above $2.5000 could push XRP toward lower support zones.
