- The DFSA’s validation of XRP creates more trust in the network which enhances its capabilities in international payment solutions.
- The price action shows indecisiveness according to MACD while RSI displays neutral indicator values.
- XRP faces resistance at $2.26 and support at $2.14, with potential for breakout or further downside movement.
Ripple is revolutionizing cross-border payments! The Dubai Financial Services Authority (DFSA) granted Ripple approval to provide blockchain-powered regulated crypto payments in the Dubai International Finance Centre (DIFC) through its first DFSA-licensed payments provider.
This milestone strengthens Ripple’s role in transforming international finance. The company also welcomed the XRP ETF filing, signaling confidence in a resolution to its SEC case. Also, with the speculation rising that the SEC case may soon come to an end—fueling optimism and driving XRP’s price surge.
At press time, on March 13, 2025, XRP was trading at $2.24 with an increase of 1.41% over the past 24 hours. This follows a broader trend, with the asset having a 11.0% decline in the past week. XRP 24-hour trading volume is at $ 9.75B, market cap of $ 129.52B, and market dominance of 4.76%.
Technical Indicators Suggest Mixed Momentum
The RSI, currently at 44.96, suggests that the asset is in a neutral zone, neither overbought nor oversold, indicating indecisiveness in market momentum. Moreover,The MACD line is trading below the signal line signaling a bearish trend thus suggesting potential downside momentum.
Overall,the market sentiment for XRP/USDT shows mild bearish tendencies,awaiting further confirmation from price movements and volume trends.
Key Support and Resistance Levels
The psychological support level for XRP stands at $2.14 as the resistance points exist at $2.26. A potential XRP price break above the identified resistance level may signal the start of bullish momentum towards $2.35 – $2.40. If XRP cannot defend $2.14 it could experience a price drop leading to the $2.05 – $2.10 area. The limited price range shows signs of consolidation which frequently acts as a starting point for significant price movements in both directions.
XRP Price Outlook for March 14
Data from Coincodex analysts suggest that XRP is likely to decline to $2.22 as of March 14 reflecting a 0.37% increase in ROI. However, over the next five days, XRP will reach the highest price of $ 2.25 on Mar 18, 2025, which would represent 0.70% growth compared to the current price.
