- XRP’s RSI at 42.05 indicates bearish momentum, while MACD hints at a possible reversal if upward movement continues.
- XRP faces resistance at $2.50; a break above could signal bullish momentum, while losing $2.00 support may lead to further decline.
- SEC’s appeal and U.S. asset policies impact XRP’s valuation, while ETF prospects and macroeconomic trends add to market uncertainty.
XRP, the native cryptocurrency of the Ripple network, has had notable price movements recently. At press time, on March 11, 2025, XRP was trading at $2.14, a slight decrease of 0.93% over the past 24 hours. This follows a broader trend, with the asset having a 9% decline in March.
Technical Indicators and Market Sentiment
The RSI is at 42.05, placing it at bearish level but not yet in the oversold zone. An RSI below 50 typically indicates bearish momentum, while levels above 50 suggest bullish trends.
The MACD line is at -0.0295, below the signal line at -0.0744, with a negative histogram of -0.1039. This shows the prevailing bearish momentum; however, a slight increase in the MACD line hints at a potential bullish reversal if sustained.
Market activity is active, with 167.03 million XRP traded over the past 24 hours, indicating high investor engagement. The recent price movements align with increased trading volumes, supporting potential short term bullish momentum.
Support and Resistance Levels
XRP has support at the $2.00 psychological level, with resistance levels at $2.50 and subsequently $3.00. A break above $2.50 could indicate renewed bullish momentum, while failure to maintain support at $2.00 may lead to further declines.
Recent policy measures by President Donald Trump have influenced XRP’s price movement. The U.S. government’s plan to acquire digital assets only through forfeiture and its intention to sell these assets have led to sell-offs, impacting XRP’s valuation.
Additionally, the ongoing legal battle between Ripple Labs and the SEC is creating uncertainty. The SEC’s pending appeal regarding XRP’s classification has led to market fear, affecting investor sentiment. Approval of XRP-spot ETF could attract institutional inflows, potentially boosting XRP’s value. However, the SEC appeal could hinder approval prospects, adding to uncertainty.
Broader macroeconomic risks, such as U.S. economic data and trade tensions, further impact XRP. Weak economic data could push XRP toward the February low of $1.70, while easing trade tensions and strong economic performance could support a recovery toward $2.50.
