Bitcoin Reclaims $74,000 as XRP Builds Momentum for a Potential Rally to $2

Jakarta, Pintu News – The price of XRP (XRP) moved up on Monday (16/3) as the crypto market responded to Bitcoin’s strong rebound to break the $74,000 level again.

During the rally, the price of Bitcoin (BTC) rose to close to $74,300, which was its highest level in about 40 days. The price of XRP also jumped to around $1.50, up more than 5%, while traders began to look for further upside opportunities towards the $2 level.

Crypto Fear and Greed Index Recovers to Level 40

On Monday, March 16, the total crypto market capitalization also recorded an increase of 3.48% and reached 2.52 trillion in the digital assets market. The broader market also moved in the green, with Ethereum (ETH) up 6.5%, Solana (SOL) 5%, and XRP 5%, showing significant gains in the large-cap altcoin group.

Read also: Bitcoin Price Surges to $75,000 Today: Peter Brandt Sees BTC Bullish Signal!

Large simultaneous moves like this generally reflect recovering market confidence and increased appetite for risky assets.

Meanwhile, the CMC Crypto Fear and Greed Index has recovered to the level of 40 or is in the neutral zone. This suggests that market sentiment is stabilizing after about two months of being in a fear-dominated phase.

Investors are also keeping a close eye on the Federal Reserve’s next meeting to see if its next policy move will have any influence on market direction.

Bitcoin ETFs record inflows of $767 million per week, while XRP transactions approach 3 million per day

Based on Sosovalue data, spot Bitcoin ETFs in the United States posted net inflows of $767 million during the period from March 9 to March 13.

The figure extended the Bitcoin ETF’s positive trend to three consecutive weeks with investor demand remaining strong. On the other hand, the Ethereun spot ETF also recorded a similar performance by posting a net inflow of $161 million in the three-week period. Meanwhile, the Solana spot ETF recorded an inflow of $10.7 million, reflecting the market’s maintained albeit relatively moderate interest.

However, the spot XRP ETF experienced an outflow of $28.07 million in the same reporting period. However, analysis of network data shows that the number of XRP transactions is now approaching 3 million per day, up significantly from around 1 million transactions per day in mid-2025. This trend indicates that the use of the XRP blockchain is on the rise.

Read also: Altcoin Season Index Returns to January Peak, a Sign of Altseason Starting to Rise?

XRP price likely to rise 36% to $2 as bullish momentum strengthens

As of March 16, the price of XRP jumped to $1.46 after buying pressure pushed the token higher. The crypto asset rallied after managing to hold at the support area around $1.45 several times.

The technical indicators are showing positive signals, with the MACD line moving above the signal line on the four-hour time frame. The widening MACD histogram in the positive area also indicates that buying pressure continues to increase and opens up opportunities for further upward movement.

Meanwhile, the Relative Strength Index (RSI) rose to the 70 level, which reflects very strong momentum despite having entered the overbought area.

If the breakout is confirmed above the $1.50 level, XRP has the potential to continue rising towards the next resistance area at $1.63. If the bullish momentum is maintained, XRP prices could even continue to strengthen to the $1.70 resistance zone.

The larger bullish structure on the chart also indicates a significant upside target of $2.00. From where it currently stands, XRP would need to rise about 36% to reach that target.

The support level above $1.45 is still an important area to keep the bullish scenario valid. Conversely, if the $1.45 support fails to hold, XRP prices are at risk of dropping towards the $1.40 level.

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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. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Is XRP Price Gearing Up For $2 Level As BTC Rebounds Above $74k? Accessed on March 17, 2026