Will Ripple (XRP) Reach New Record Highs? Check out the following analysis!

Updated
March 17, 2025
Gambar Will Ripple (XRP) Reach New Record Highs? Check out the following analysis!

Jakarta, Pintu News – Ripple XRP0.24%->Current XRP PriceRp 37.6600.24% Market CapRp 2.308 Triliun Trading VolumeRp 262,59 Triliun Circulating SupplyRp 57,18 Miliar has struggled to build momentum, with the price trend trending downward since early March. Despite an increase in the last five days after bottoming out at $1.93 on March 11, Ripple (XRP) has yet to fully recover the losses incurred in the first week of the month.

Critical Analysis at the $2.65 Level

Egrag Crypto, an analyst who has long been bullish on Ripple (XRP), recently revealed via social media platform X about a critical price level that could determine the next significant move of this cryptocurrency. Egrag marked $2.65 as the critical threshold that Ripple (XRP) must reclaim in order to sustain meaningful bullish momentum.

However, the analyst expressed concerns about Ripple’s (XRP) repeated tests of the lower boundary, which refers to the recent low of $1.93. According to Egrag, repeated tests at these support levels are a double-edged sword. While repeated touches on resistance can trigger a breakout, repeated tests on support weaken its integrity, increasing the chances of a breakdown.

Egrag likens this pattern to knocking on a door that will eventually open or break. He highlighted six instances where Ripple (XRP) tested this zone since December 2024 on a 12-hour candlestick chart, warning that prolonged weakness could pave the way for further declines.

Also Read: Ethereum Prediction: Recovery or Bearish Signal? Here’s the Mid-March 2025 Technical Analysis!

Importance of Closing Above $3.00

To break out of this cycle and move into bullish territory, Egrag emphasizes the importance of a strong close above $3.00, not just a brief move past it. This level has served as an upper resistance trend line for the past two weeks and has been a barrier to a sustained uptrend.

Failure to break and hold above $3.00 could lead to a sustained correction in the short-term and trap Ripple (XRP) in its current range. However, Egrag believes that the chances of Ripple (XRP) reaching $3.00, given the current price action, are slim without securing a close above $2.65.

Ripple (XRP) Outlook After $3

March has been an extremely bearish month for Ripple (XRP), with sellers maintaining control as it fails to reclaim lost territory. However, if the Ripple (XRP) bulls manage to close above $3 before the end of the month, it will open the door for a continuation of the price rally. With this, Egrag sets an initial target of $4.80, putting Ripple (XRP) at a new record high.

Conclusion

Taking into account the analysis and predictions from Egrag Crypto, investors and market watchers should pay close attention to the price movement of Ripple (XRP) at the predetermined critical levels. Success or failure in reaching and maintaining those levels will largely determine the future direction of Ripple (XRP) in the cryptocurrency market.

Also Read: XRP Predictions and Impact on Crypto Market: 8% Drop After Positive Trend March 2025

That’s the latest information about crypto news today. Get more information about crypto academy from beginner to expert level only at Pintu Academy and enrich your knowledge about the world of crypto and blockchain.

Follow us on Google News to get the latest information about crypto and blockchain technology. Enjoy an easy and secure crypto trading experience by downloading Pintu Crypto via Google Play Store or App Store now.

Experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Click Register Pintu if you don’t have an account or click Login Pintu if you are already registered.

*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

Share

Latest News

See All News ->

Registered and licensed by BAPPEBTI and Kominfo

© 2025 PT Pintu Kemana Saja. All Rights Reserved.

Crypto trading is a high-risk activity. Pintu does not provide investment recommendations or products. Users are required to research crypto assets before making any decisions. All crypto trading decisions are made independently by the user.

See Assets in This Article

Icons/Currency/Ripple
XRP

0.2%

->
Icons/Currency/Ripple

XRP Price (24 Hours)

Rp 37.660

0.05%

Market Capitalization

Rp 2.308 Triliun

Global Volume (24 Hours)

Rp 262,59 Triliun

Circulating Supply

Rp 57,18 Miliar