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XRP Price Prediction for March 17: Key Levels to Watch

Munene Timothy by Munene Timothy
March 17, 2025
in Binance Feed, Market
Reading Time: 4 mins read
XRP Price Prediction for March 17 Key Levels to Watch
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  • XRP struggles below the 200-day MA at $2.43; a breakout above $2.40 could signal bullish momentum toward $2.70.
  • The MACD bearish crossover and stable OBV indicate consolidation, with a risk of decline if support at $2.25 fails.
  • Regulatory uncertainty and ETF delays impact XRP sentiment, with market movement hinging on volume and resistance tests.

On March 17th, XRP was trading at $2.32 on March 17, a 2.79% decline over the past 24 hours and a 15.83% drop for the month. However, it gained 6.84% over the past week. The crypto market remains uncertain due to ongoing regulatory concerns. 

This is specifically regarding the U.S. Securities and Exchange Commission (SEC). Recent speculation about XRP being classified as a commodity has led to optimism, but delays in ETF approvals for altcoins triggered a sell-off. 

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XRP’s Market Movement and Key Trends

XRP had strong bullish momentum from November to December 2024, with prices surging above the 50-day and 200-day moving averages. Open Interest also increased indicating high market activity. 

Source: Santiment

However, a sharp correction followed in January 2025, with XRP reaching a peak of $3.387 before retracing. Despite this drop, the moving averages maintained bullish positioning for some time. Open Interest declined, indicating reduced trader engagement.

The bearish phase increased in February 2025 as XRP fell to $1.215. The 50-day moving average crossed below the 200-day moving average, forming a death cross. This indicated a potential long-term downtrend. 

Open Interest also declined, suggesting reduced speculative interest. By March, XRP rebounded. The price remained near the 50-day moving average at $2.26 and just below the 200-day moving average at $2.43. Open Interest is at $1.64 billion, indicating moderate market activity.

Technical Indicators and Price Predictions

XRP’s price on March 17 opened at $2.3551, a high of $2.3700 and a low of $2.3070 before closing at $2.3358. 

Source: TradingView

The market showed consolidation following its early March rally. A clear resistance zone emerged between $2.40 and $2.45, where selling pressure increased. A support range formed between $2.20 and $2.25, showing buying interest at lower levels.

The MACD indicator had a short-term bearish crossover. The MACD line is at 0.0133, while the signal line is at 0.0232. The histogram showed a negative value of -0.0099, indicating weakening momentum. 

Meanwhile, the On-Balance Volume (OBV) was at 4.15 billion, indicating moderate trading volume. A volume spike in early March was followed by distribution, signaling selling pressure. Stable OBV levels suggest price consolidation rather than a strong breakout.

Possible Scenarios for XRP’s Price Movement

If XRP breaks above the $2.40 resistance, it could push toward $2.50-$2.55 in the short term. Further bullish momentum could take the price to $2.70-$2.80, aligning with early March resistance levels. 

A strong rally could test the psychological $3.00 mark. However, this scenario would require a bullish MACD crossover and higher volume inflows. On the other hand, if XRP fails to hold the $2.30-$2.25 support range, a decline toward $2.20 is likely. 

A breakdown below this level could lead to further losses toward $2.00. A continued negative MACD trend and declining OBV could accelerate bearish pressure. XRP’s price action on March 17 will be critical in determining whether it can reclaim higher levels or face further downside.

Tags: Price AnalysisRipple (XRP) News

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