XRP Analysis: Upside Potential or Further Correction? Here’s XRP’s Potential if it Breaks Resistance

Di-update

March 12, 2025

Gambar XRP Analysis: Upside Potential or Further Correction? Here’s XRP’s Potential if it Breaks Resistance

Jakarta, Pintu News – XRP experienced a price correction after failing to break the resistance level of Rp36,675. The price briefly dropped to Rp31,000 before trying to recover. Currently, XRP is trading below Rp35,860 and its 100-day simple moving average, signaling that there is still selling pressure in the market.

XRP’s recovery faces challenges around IDR33,578 and IDR34,536, with a bearish trend line limiting the upside. If the price manages to break these levels, further upside potential towards IDR35,936 or even IDR36,675 could occur in the near future.

XRP’s Upside Potential if it Bypasses Resistance

XRP is currently trying to overcome resistance at IDR34,536, which is 50% of the Fibonacci retracement level of the previous decline. If the price manages to break Rp35,936, XRP has a chance to reach Rp38,675 in the short term.

If the buying momentum continues to pick up, XRP could continue its rise up to Rp40,000. However, to reach this level, buying pressure must be strong enough to overcome the barriers at IDR36,675 and IDR38,200. Traders and investors are now watching the price movements closely to see if the bullish trend will continue.

Also Read: Bitcoin and Stock Market Plummet, Arthur Hayes Asks Investors to Be Patient: Why is Crypto Red?

Possible Correction If XRP Fails to Rise

Conversely, if XRP fails to break through the key resistance level at IDR34,536, selling pressure could increase again. Initial support is around IDR31,785, and if broken, the price could drop deeper to IDR31,000.

If the decline continues below IDR30,155, then XRP could experience a further decline towards IDR29,000 or even IDR28,525. Currently, technical indicators such as RSI show that momentum is still in the bearish zone, so the risk of further decline is still considerable.

Conclusion

XRP is in a crucial phase, where the price movement will be determined by whether the main resistance can be broken or not. If successful, then an increase towards IDR38,675 could occur. However, if it fails, XRP could experience selling pressure again, bringing prices down to lower support levels. Investors are advised to monitor price movements carefully before making a decision.

Also Read: Drastic 19% Drop in Solana Futures – Here’s Solana’s Technical Outlook in March 2025

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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.

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