XRP price holds $2.35 support as market uncertainty continues. Traders watch key resistance at $2.45–$2.50 while risks of a drop to $2.22 remain.
XRP’s price remains in a tight trading range, balancing just above the $2.35 support level as investors and traders await the next major price movement. On March 22, 2025, XRP traded at $2.37, with a market capitalization of $137 billion and 24-hour trade volume of $1.73 billion. The cryptocurrency fluctuated between $2.35 and $2.42, showing market indecision as bulls and bears struggle for control.
Technical analysis across multiple timeframes suggests that XRP is at a critical turning point. If the $2.35 support level holds, a potential breakout toward $2.60 or higher could materialize. However, a breakdown below support could lead to a further decline toward $2.22.
Short-Term Analysis: XRP’s 1-Hour Chart Shows Descending Triangle Formation
On the 1-hour chart, XRP is currently moving within a descending triangle pattern, characterized by lower highs and steady lows around $2.356. This pattern is generally considered bearish, signaling a potential breakdown if buyers fail to defend the support level.
However, low trading volume throughout the last few hours indicates a lack of strong momentum from both buyers and sellers. If XRP breaks below $2.356, it could trigger further downside movement, with the next target around $2.22. Conversely, if buyers step in and push the price above $2.435, a short-term bullish reversal may unfold, aiming for $2.45 or higher.
Key Short-Term Levels to Watch
- Support: $2.356
- Resistance: $2.435
- Breakout Target: $2.45+
- Breakdown Target: $2.22
Mid-Term Outlook: XRP’s 4-Hour Chart Shows Corrective Phase
The 4-hour chart suggests that XRP is in a mid-term corrective phase, with the price pulling back from its recent high of $2.59. The cryptocurrency has failed to sustain upward momentum, leading to a gradual downtrend within a descending channel.
Descending Channel or Bull Flag?
While the current downtrend signals bearish pressure, the overall structure could also resemble a bull flag, a pattern often preceding a continuation of an uptrend. If XRP manages to break above the descending trendline near $2.45, it could regain bullish momentum with an initial upside target of $2.60.
However, a confirmed loss of $2.35 support could push XRP back down toward $2.22, where previous sell-offs found buying interest.
Key Mid-Term Levels to Watch
- Support: $2.35
- Next Support: $2.22
- Resistance: $2.45
- Breakout Target: $2.60
Long-Term Analysis: XRP Consolidates After Failed Breakout
Looking at the daily chart, XRP appears to be stabilizing after a failed breakout to nearly $3.00. The cryptocurrency is currently consolidating between $2.30 and $2.50, forming a base for its next move.
Major Support and Resistance Levels
- Strong Support: $1.90
- Current Range: $2.30 – $2.50
- Major Resistance: $2.999
The daily trading volume has declined, suggesting a lack of conviction among market participants. If XRP pushes above $2.60 with strong volume, it could confirm a bullish continuation, potentially testing $3.00 again. However, a move below $2.30–$2.20 could lead to further downside pressure.
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Technical Indicators: Mixed Signals Suggest Market Indecision
Oscillators and moving averages provide contradictory signals, reflecting the uncertainty in the market.
Oscillator Analysis
- RSI (Relative Strength Index): 49.3 (Neutral)
- Stochastic Indicator: 70.5 (Near Overbought)
- CCI (Commodity Channel Index): 19.75 (Neutral)
- ADX (Average Directional Index): 14.8 (Weak Trend Strength)
- Awesome Oscillator: 0.00282 (Mild Bullish Signal)
- Momentum Indicator: -0.12887 (Bearish)
- MACD (Moving Average Convergence Divergence): -0.01962 (Possible Reversal)
- While some indicators suggest bullish momentum, others remain neutral or bearish, reinforcing the market’s indecisive nature.
Moving Averages Analysis
- Short-Term (10-Period EMA/SMA): Buy Signal, indicating short-term support at $2.36–$2.37.
- Mid-Term (20- and 30-Period EMAs): Sell Signal, indicating overhead resistance.
- Long-Term (100- and 200-Period MAs): Bullish, showing structural support below the current price.
The mixed signals across different timeframes confirm that XRP is caught in a transition phase, waiting for a definitive breakout or breakdown.
Short-Term (10-Period EMA/SMA): Buy Signal, indicating short-term support at $2.36–$2.37.Mid-Term (20- and 30-Period EMAs): Sell Signal, indicating overhead resistance.Long-Term (100- and 200-Period MAs): Bullish, showing structural support below the current price.The mixed signals across different timeframes confirm that XRP is caught in a transition phase, waiting for a definitive breakout or breakdown.
Bullish and Bearish Scenarios for XRP
Bullish Case: Upside Potential if Buyers Hold $2.35
If buyers defend the $2.35 support level and push XRP above $2.45–$2.50 with strong volume, the cryptocurrency could break free from descending structures and aim for $2.60, $2.80, or even $3.00.
Supporting Factors:
- Long-term moving averages remain bullish.
- Short-term buy signals provide a foundation for upside potential.
- A breakout from the descending channel could spark renewed buying interest.
Long-term moving averages remain bullish.Short-term buy signals provide a foundation for upside potential.A breakout from the descending channel could spark renewed buying interest.
Bearish Case: Further Downside if $2.35 Breaks
If XRP fails to hold $2.35, especially with rising sell volume, it could lead to a retest of $2.22 or lower.
Bearish Signals:
- The descending triangle on the 1-hour chart suggests downside risk.
- The ongoing pullback on the 4-hour chart reflects selling pressure.
- Mid-term moving averages indicate resistance above current price levels.
Key Levels to Watch for XRP’s Next Move
Immediate Support: $2.35Secondary Support: $2.22Major Resistance: $2.45–$2.50Breakout Target: $2.60Long-Term Resistance: $2.999
- Immediate Support: $2.35
- Secondary Support: $2.22
- Major Resistance: $2.45–$2.50
- Breakout Target: $2.60
- Long-Term Resistance: $2.999
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What’s Next for XRP?
XRP’s current price action suggests a pivotal moment. With $2.35 acting as a key support level, traders and investors should closely monitor volume and breakout attempts to determine the next move.
If XRP reclaims $2.45–$2.50 with strong buying pressure, a bullish rally toward $2.60 or higher could materialize.
If $2.35 support fails, a drop toward $2.22 or lower becomes likely.
Traders and investors should stay alert for XRP’s next breakout or breakdown. Watching key support and resistance levels, tracking trading volume, and analyzing technical indicators will be crucial for navigating XRP’s next major move.
