XRP prints 2-hour golden cross, ready for big rebound in March 2026?
Jakarta, Pintu News – The price movement of Ripple is back in the spotlight after recording a golden cross on the last two-hour chart. This technical phenomenon comes amidst the downward pressure on the crypto market, including Ripple (XRP) itself. Many market participants are now wondering, will this signal be able to bring Ripple (XRP) back from the negative trend?
2-Hour Golden Cross: Positive Signals Amid Market Pressure
Ripple (XRP) just completed a golden cross on the two-hour chart, where the 200 Simple Moving Average (SMA) dropped below the 50 Moving Average (MA). This technical signal is usually considered a sign of a potential price reversal to an uptrend. However, the appearance of the golden cross this time occurred at a time when the majority of crypto assets, including Ripple (XRP), were experiencing selling pressure.
This condition makes traders more cautious in making decisions. At the time of writing, Ripple (XRP) is trading down 0.80% in the last 24 hours to $1.35 and down 1.36% on a weekly basis. This decline is in line with the overall crypto market correction, which saw $172 million worth of liquidations in the past day.
Selling pressure was also exacerbated by a lower-than-expected US employment data report, raising concerns about global economic conditions. In addition, the strengthening of the US dollar index also pressured the price of crypto assets paired with the dollar.
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Trading Volume Declines, Traders Focus on Key Support Levels
On Sunday, Ripple (XRP) showed relatively quiet trading activity with transaction volume falling 36% in the last 24 hours to 1.32 billion, according to CoinMarketCap data. This drop in volume signals that market participants are likely to hold back and wait for clarity on the next price direction. Since March 4, the price of Ripple (XRP) has been under pressure and is now entering its fourth consecutive day of decline.
Ripple (XRP) briefly touched $1.37 before falling back to $1.34 at the time of writing. Traders are now watching to see if the $1.34 level can hold as major support.
In the event of a rebound, Ripple (XRP) has the potential to test the next resistance level in the range of $1.36 to $1.37, and could even head towards $1.40 if the positive momentum continues. However, if the $1.34 support is broken, the price of Ripple (XRP) risks falling deeper to the next support area at $1.30 to $1.32. This situation makes market participants even more cautious in taking positions, given that volatility is still high.
Macro Factors and Institutional Flows Overshadow Price Movement
The current price movement of Ripple (XRP) is more influenced by macroeconomic sentiment than new catalysts from within the crypto ecosystem itself. Uncertainty regarding the United States Federal Reserve’s interest rate policy is one of the main factors looming over the market.
Many traders are now looking forward to the Fed’s decision at its upcoming meeting, which is expected to discuss the possibility of an interest rate cut. During this uncertainty, the price of Ripple (XRP) tends to move sideways with high volatility.
On the other hand, institutional fund flows into Ripple (XRP)-based investment products also showed a less encouraging trend. Ripple (XRP) Exchange Traded Fund (ETF) products recorded outflows of $16.62 million on March 6, signaling reduced speculative interest from large investors. Ripple (XRP) derivatives activity also saw a slight decline, reinforcing the signal that the market is still in a consolidation phase. This makes the potential rebound of Ripple (XRP) highly dependent on changes in overall market sentiment.
Conclusion
With the completion of the golden cross on the two-hour chart, Ripple (XRP) does have a chance to rebound in the near term. However, pressure from macroeconomic factors and still negative institutional fund flows keep the price movement of Ripple (XRP) uncertain.
Market participants are advised to keep a close eye on key support and resistance levels as well as global sentiment developments before making investment decisions. In such a situation, discipline and risk management are key to dealing with crypto market volatility.
Also Read: 5 Big Crypto Issues of March 2026: FOMC, Stablecoins, to Unlock Billion Worth Tokens
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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 beforeinvesting. All activities of buying and selling Bitcoin (BTC) and other crypto asset investments are the responsibility of the reader.
Reference
- U.Today. XRP Completes 2-Hour Golden Cross, Price to Rebound?. Accessed on March 9, 2026
