Ripple (XRP) price ready to surge, can bulls break resistance? (3/13/25)

Jakarta, Pintu News – At thestart of recent trading, the price of Ripple XRP2.54%->Current XRP PriceRp 37.2492.54%Market CapRp 0Trading VolumeRp 0Circulating SupplyRp 0 experienced a decline after failing to break the $2.20 zone, similar to Bitcoin BTC0.91%->Current BTC PriceRp 1.351.722.0070.91%Market CapRp 0Trading VolumeRp 0Circulating SupplyRp 0 and Ethereum ETH0.07%->Current ETH PriceRp 31.241.0820.07%Market CapRp 0Trading VolumeRp 0Circulating SupplyRp 0. However, after bottoming out at $1.90, the price started to show a promising recovery.

Ripple (XRP) Price Drop

After failing to break the critical resistance at $2.20, Ripple (XRP) experienced a sharp decline, breaking the supports at $2.120 and $2.050. In fact, the price briefly fell below $2.00 before bottoming out at $1.90. However, not long after, Ripple (XRP) started showing signs of recovery by breaking the $2.00 and $1.980 levels again.

The rise took the price past the 50% Fibonacci retracement level of the downward wave from $2.365 to $1.90. Currently, the price of Ripple (XRP) is below $2,1850 and the 100-hour simple moving average. On the upside, the nearest resistance is at $2,250, which is also the resistance point of the short-term ascending channel on the hourly chart of the Ripple (XRP)/USD pair.

Also Read: Bitcoin’s RSI Dominance Down? Crypto Analyst Seth Says Altcoin Market Opportunities Await!

Ripple (XRP) Price Increase Potential

If Ripple (XRP) manages to break the $2,250 resistance, this could be a strong bullish signal. The 76.4% Fibonacci retracement level of the previous drop is also near $2,250. The next major resistance lies at $2,350, followed by $2,420.

If the price manages to break $2,420, it could pave the way towards $2,450 and potentially higher to $2,50 or even $2,550 in the short term. The next big hurdle for the bulls is at $2,650. Monitoring technical indicators such as MACD and RSI which are showing positive momentum could provide further confirmation of this upside potential.

Advanced Downside Risk

However, if Ripple (XRP) fails to break the $2,250 resistance zone, the price may experience another decline. Initial support lies at $2,150, followed by major support at $2,120. If the price breaks below $2,120, it could trigger a further decline towards $2,050 and a possible return to the $2,00 zone.

The hourly MACD indicator is currently showing a loss of momentum in the bearish zone, while the hourly RSI is above the 50 level, suggesting uncertainty in the current price movement.

Conclusion

With volatile market conditions, Ripple (XRP) investors and traders should remain aware of price movements and technical indicators. The ability of the price to break or be rejected at key levels will be decisive for the short-term direction of Ripple (XRP).

Also Read: Will ETH Fall Below $1,500 Before the Market Recovers? Here’s the Price Pattern Analysis! (3/13/25)

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. XRP Price Eyes Upside Break, Why It Could Rally To $2.25. Accessed on March 13, 2025
• Featured Image: Generated by AI