Ripple's XRP Struggles to Break Resistance Amidst Market Uncertainty

Coin WorldWednesday, Mar 5, 2025 9:45 am ET

1min read

Ripple's price action on March 5, 2025, remained under pressure as the cryptocurrency struggled to recover from recent losses. Despite brief bullish attempts, XRP's price continued to face resistance, limiting its upward movement. Market sentiment leaned bearish, with sellers maintaining control and restricting any significant breakout. Technical indicators suggested that traders were closely watching the next support level, as liquidity shifts could influence the price direction. While short-term recoveries had occurred, the broader trend remained uncertain.

Throughout the trading day, XRP moved within an upward channel, experiencing price fluctuations due to various technical signals. At 00:25 UTC, a death cross indicated a potential downward move, while oversold conditions at 1:40 UTC and 2:05 UTC pushed the price toward support at $2.2125. However, a golden cross on the MACD at 2:30 UTC reignited bullish momentum, sending the price upward. Later, at 11:30 UTC, another death cross indicated a bearish shift, and the price declined again, hitting oversold conditions at 13:25 UTC and 14:00 UTC. A golden cross at 14:10 UTC, coupled with an overbought RSI, triggered an upward push, bringing resistance at $2.5263 into play. Despite multiple attempts, XRP struggled to break above this resistance level, facing resistance and maintaining a bullish structure but failing to secure a breakout.

On March 5th, XRP hit a 24-hour high of $2.5412 but failed to break out, as an overbought signal at 2:50 UTC caused the price to test resistance but fail to break through. A death cross on the MACD at 2:20 UTC triggered a downward trend, with RSI oversold conditions at 3:55 UTC reinforcing the decline. The trend shifted again at 6:20 UTC when a golden cross appeared, pushing the price upward. In the past 24 hours, Ripple price analysis showed XRP experienced a breakdown, followed by an upward channel and an attempted breakout. If bullish momentum persists, XRP price today could break above the key resistance level of $2.5263, potentially leading to further gains. However, if selling pressure increases, X

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