- XRP trades at $2.41, consolidating between $2.00-$2.50, awaiting a decisive breakout with rising trading volume at $2.99B.
- A death cross formed as MA50 fell below MA200, indicating bearish pressure, but MA200’s uptrend suggests long-term support.
- If XRP surpasses $2.50, it may target $2.65-$2.75; a drop below $2.40 could push it to $2.10-$2.20 amid declining network activity.
On March 25, at the time of publication, XRP was trading at $2.41, down by 1.65% in the past 24 hours and 5.81% in the past month. However, the past week shows a 6.22% increase. The market cap is at $140.67 billion, down by 1.63%.
The 24-hour trading volume is up by 10.57% to $2.99 billion. XRP’s fully diluted valuation (FDV) is at $241.87 billion, with a circulating supply of 58.15 billion XRP out of a maximum 100 billion XRP. The asset is currently consolidating between $2.00 and $2.50, awaiting a decisive breakout.
XRP Market Overview and Trends
XRP has maintained a strong uptrend since November, surpassing $3.50 before pulling back. The price now trades between $2.00 and $2.50, showing signs of consolidation.
Today’s high reached $2.46, while the low touched $2.40, with a trading volume of 33.26 million XRP. The 50-day moving average is at $2.50, while the 200-day moving average is at $2.60.
MA50 recently crossed below MA200, forming a death cross, which typically indicates a bearish trend. However, MA200 is in an upward movement, suggesting long-term support. Daily active addresses dropped from over 500,000 to 18,300, indicating reduced network activity.
Technical Indicators and Price Movement
The RSI is at 51.06, with its signal line at 49.54. This neutral-to-slightly bullish positioning suggests consolidation, with potential for an uptrend if RSI surpasses 55-60.
In December, RSI reached overbought levels above 70, followed by a price correction. The MACD indicator shows the MACD line at 0.0226, while the signal line is at -0.0021. A positive histogram suggests increasing bullish momentum.
If MACD continues rising, XRP could target $2.60 and above. XRP holders currently total to 6.31 million, indicating strong investor confidence despite recent market fluctuations. Accumulation remains steady, indicating long-term optimism.
XRP Price Scenarios for March 26
If XRP surpasses $2.50, it may target resistance levels between $2.65 and $2.75. A bullish breakout would require increasing volume and confirmation from key indicators. If XRP falls below $2.40, it could test support at $2.25-$2.30.
A breakdown below $2.30 may push the price further down to $2.10-$2.20. XRP is at a crucial level, with its next move dependent on whether buyers push the price past $2.50 or bears force a decline below $2.40.
