XRP Drops 4% in Three Days Amid Market Volatility

XRP, the cryptocurrency associated with Ripple, has experienced a slight decline over the past three days, reflecting the broader crypto market’s volatility. Despite minor recovery attempts, the price remains under pressure, struggling to break key resistance levels.

On March 20, 2025, XRP opened at $2.5461, hit a high of $2.5549, dropped to $2.3923, and closed at $2.4358. The following day, March 21, 2025, it opened at $2.4356, peaked at $2.4653, dipped to $2.3588, and closed at $2.3801. On March 22, 2025, XRP opened at $2.3802, reached $2.4162, bottomed at $2.3675, and closed at $2.3907. As of March 23, 2025, XRP is currently trading around $2.41, with an intraday high of $2.43 and a low of $2.36.

The data suggests XRP is in a consolidation phase, with buyers attempting to hold above the $2.36-$2.38 support zone. However, resistance at $2.43 remains a key hurdle. Immediate support levels are at $2.36, with next support levels at $2.35 and $2.30 if selling pressure intensifies. Immediate resistance is at $2.43, with major resistance at $2.50.

In the coming days, XRP’s movement will depend on market sentiment and Bitcoin (BTC) price action. If XRP breaks above $2.43, a move toward $2.48-$2.50 is likely. A bullish breakout above $2.50 could see further gains. However, if XRP falls below $2.36, it could test lower support at $2.35 and possibly $2.30. Traders should watch for volume increases and external market trends, as these could influence short-term price direction.

Overall, XRP remains in a critical zone, with potential for both upside and downside movement depending on market conditions. The overall market sentiment plays a pivotal role in XRP's price movements. Positive news or developments in the cryptocurrency space could drive XRP higher, while negative sentiment or regulatory concerns could lead to a sell-off. Investors are closely monitoring key economic indicators and geopolitical events that could impact the broader financial markets, as these factors often spill over into the cryptocurrency market.

According to the analyst's forecast, XRP's price could fluctuate between $0.45 and $0.55 over the next three days. This range is based on current market conditions and historical price patterns. However, it is important to note that cryptocurrency markets are highly unpredictable, and unexpected events can cause significant price swings. Therefore, investors should exercise caution and consider multiple factors before making any trading decisions.