- XRP struggles to remain above $2.20 as sellers apply pressure.
- A watch is on XRP’s price as it has key support at $2, the VWAP for elections stands below.
- Movement in Bitcoin will determine whether XRP gains momentum or continues downward.
XRP is one of the coins which has been under much pressure while trying to remain at the levels above a key price point of $2.20. Recently, it has failed to re-enter this particular level, remaining in a dangerous region where the possibility of going further down is still very high. The current price of XRP is $2.03 as at March 10, 2025, and hangs above a crucial support area at $2.
The market has moved being very volatile with regards to the performance of XRP. Trajectory against critical levels such as the downwards election VWAP at $2.00 shows that it keeps promising caution to traders. Action strips show that the XRP price is really hanging on somewhere, with major movements dictated by the condition of the market in general, alongside BTC behavior.
Volume-Weighted Average Price (VWAP) Signals for XRP
XRP faced several problems lately. The main one was the failure to stay above $2.20. If anything, it has defied all odds by not maintaining the 1-month VWAP and election VWAP levels, both regarded as powerful resistances. Current prices for XRP remain less than the 3-month VWAP of $2.03. This reflects that there are no buying interests at this level and downside pressure is likely to continue unless significant buying interest arises. Important would be the 12-month VWAP of $1.60, meaning once price breaks below the $2 range, it could quickly focus on that mark.
As is always the case, BTC remains the best determinant of price movements for altcoins like XRP. BTC is approaching important support levels, so it is believed that it would regain strength and carry XRP along. That is what is speculative given the challenges BTC itself has. So, all eyes will be on the next BTC moves as traders weigh an opportunity for a rebound in XRP’s price.
Outlook and Potential for Further Decline
Currently, XRP’s outlook is generally bearish, with the mark of $2.20 acting as the psychological barrier. If the price continues to stay below this level, chances for further declines increase significantly, and XRP could soon retest lower support levels, including the $1.60 range. Traders are keenly watching the mentioned critical price points and whether or not XRP can hold above such levels largely depends on the state of the broader areas of the market, movements of BTC, and the sentiment of the whole crypto spacenote.
