XRP Consolidates Near $2.50 Resistance Amid Bullish Signals

XRP, the cryptocurrency associated with Ripple, has exhibited notable price movements over the past 200 hours, trading around $2.48 with a modest increase of 0.03766% from its previous close. The cryptocurrency has seen an intraday high of $2.50 and a low of $2.39, indicating a period of consolidation following previous volatility.

Analyzing the 30-minute chart over the last 200 hours, XRP has remained within a key trading range of $2.36 to $2.50. On March 22, 2025, the coin closed at $2.3907, marking a 0.45% increase from the prior session. This suggests an attempt by bulls to regain control. During this period, XRP experienced several retests of support at $2.36, indicating strong buying interest at lower levels. Meanwhile, resistance near $2.50 has kept upside movements in check, suggesting a need for stronger momentum to push higher.

Looking ahead, if XRP manages to break above the $2.50 resistance, it could trigger a rally toward $2.60-$2.70, where sellers might step in. Increased trading volume and positive sentiment from the broader crypto market could fuel this upward move. Conversely, if XRP fails to hold above $2.39 support, a decline toward $2.36 or lower could occur. A drop below this key level might expose $2.30, opening the door for further downside. Alternatively, XRP could remain range-bound between $2.36 and $2.50, consolidating before a decisive breakout.

Traders should monitor volume trends and key support/resistance zones for confirmation of XRP’s next move. A break above $2.50 signals bullish momentum, while a failure to hold $2.36 could invite selling pressure.

XRP has been experiencing a wide and falling trend in the short term, with a predicted fall of -5.85% during the next 3 months. The price is expected to hold between $1.98 and $2.96 at the end of this period. The cryptocurrency holds buy signals from both short and long-term Moving Averages, giving a positive forecast. However, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $2.39 and $2.40. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Sunday, March 02, 2025, and so far it has fallen -17.32%. Further fall is indicated until a new bottom pivot has been found.

Support for XRP is found from accumulated volume at $2.40, and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested. The cryptocurrency has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the cryptocurrency moved $0.0622 between high and low, or 2.63%. For the last week, the cryptocurrency has had daily average volatility of 6.28%.

For the upcoming trading day on Monday, 24th, XRP is expected to open at $2.40, and during the day, to move between $2.22 and $2.59, which gives a possible trading interval of +/-$0.183 (+/-7.59%) up or down from last closing price. If XRP takes out the full calculated possible swing range there will be an estimated 15.18% move between the lowest and the highest trading price during the day. Since the stock is closer to the support from accumulated volume at $2.40 (0.24%) than the resistance at $2.58 (7.04%), our systems see the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance.

XRP holds several positive signals, but these are not enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. The current score is 0.485 Hold/Accumulate Upgraded. The predicted fair opening price on March 24, 2025, is $2.40 (0.291%).

XRP price started a fresh recovery wave above the $2.320 resistance zone. The price is now trading above $2.350 and the 100-hourly Simple Moving Average. DonAlt's positive outlook on XRP comes from strong technical indicators that suggest XRP is building momentum against Bitcoin (BTC) and other major cryptocurrencies. However, XRP remains in a descending channel, facing strong resistance levels. The price has recently rejected the moving average, signaling potential downside movement.