- XRP trades at $2.43, gaining 5.66% in 24 hours, with resistance at $2.50–$2.60 and support at $2.00–$2.10.
- RSI at 51.37 signals mild bullish momentum, while MACD hints at a bullish crossover, potentially driving XRP higher.
- Analyst Ali suggests a $15 long-term target, citing XRP’s symmetrical triangle breakout dating back to 2018.
XRP is having notable price action. On March 15, at press time, the digital asset was trading at $2.43, a 5.66% gain in the past 24 hours. Over the past week, XRP increased by 3.19% but is down by 1.35% for the month. The market cap is at $141.4 billion, a 5.91% rise, while trading volume has dropped by 21.82% to $4.51 billion.
XRP’s Current Market Overview
The 1-day trading session indicates increased volatility, with XRP’s price ranging between $2.35 and $2.47.
The token has a critical support level around $2.00, an area where buyers have stepped in multiple times. Meanwhile, resistance is between $2.50 and $2.60, a zone where price rallies have previously struggled.
The 50-day moving average is at $2.27, acting as a dynamic support and resistance level. XRP recently bounced from a local low and is now testing this level. The 200-day moving average is positioned higher, indicating a longer-term trend.
RSI and MACD Trends
The RSI is at 51.37, slightly above the neutral 50 mark. The indicator suggests mild bullish momentum, but it remains below the overbought level. Notably, the yellow signal line is at 47.67, indicating a recent upward shift.
The MACD line is at 0.0129, while the signal line is at -0.0660. The histogram is at -0.0789, still indicating bearish sentiment. However, a potential bullish crossover is forming, which could lead to increased buying pressure if confirmed.
March 16 Bullish and Bearish Scenarios
If XRP maintains its upward momentum and breaks the $2.50 resistance, it could push toward $2.75. A confirmed MACD crossover and RSI movement above 55 would strengthen the bullish outlook. Additionally, an increase in trading volume could further support this scenario.
However, if XRP fails to sustain above $2.40 and drops below $2.30, a decline toward the $2.10–$2.00 support zone is likely. A failure to hold above MA50 at $2.27 could strengthen this bearish move. A bearish MACD crossover or a surge in selling volume would add further downside pressure.
According to analyst Ali, on a longer term prediction, XRP has formed a symmetrical triangle pattern since January 2018. Now that the token has broken out, Ali suggests it may have the potential to reach $15 if bullish momentum continues.
