Here’s How High Ripple’s XRP Price Can Go In March

CaptainAltcoin
XRP4,34%
INJ8,19%
ADX3,61%

XRP enters March with conflicting forces in play. A new developer proposal aims to introduce leveraged options trading to the XRP Ledger through an Options Sidechain. That expands the network’s functionality and opens the door to more advanced trading activity.

However, Ripple unlocked 1 billion XRP from escrow on March 1. That release adds over $1.37 billion worth of potential supply into circulation.

The unlock was scheduled, but extra supply always matters. So far, price reaction has stayed controlled. The XRP price is trading at $1.35.

  • Here’s What XRP Chart Is Showing
  • Indicators Show Weak Trend With Bearish Bias
  • March Price Targets for XRP

Here’s What XRP Chart Is Showing

We had a look at the XRP daily chart, and the bigger picture stands out immediately. XRP previously exploded from below $0.40 into a strong impulsive rally that topped near the $3.60 region.

That was the expansion phase. Since that peak, the XRP price has been in a broad corrective structure. Lower highs have formed consistently, and every major bounce has been sold into.

The current structure shows XRP trading well below the cycle high and slowly compressing under the $2.00 level. The recent breakdown below $1.50 confirmed weakness.

Now the XRP price is hovering just above the $1.18–$1.20 support region marked on the chart. That area is critical. If it fails, the correction extends.

There is no strong bullish structure yet. What we see is a post-rally cooling phase with fading momentum and declining volatility.

Source: Coinank

Indicators Show Weak Trend With Bearish Bias

RSI is sitting around the low-40s zone. That is not oversold, but it clearly shows loss of bullish strength compared to the rally phase when RSI was pushing above 70.

MACD remains in negative territory. The histogram is red and signal lines are below the zero line. That confirms bearish momentum still dominates on the daily timeframe.

DMI shows -DI significantly above +DI, with ADX elevated. That signals the downtrend still has structure behind it. This is not a random chop, it is controlled corrective pressure.

Money Flow Index is mid-range, which means capital is not aggressively exiting, but buyers are not stepping in with force either.

Overall, indicators lean bearish unless $1.50 is reclaimed.

_****Injective (INJ) Price Drops 95% – This Same Setup Once Delivered a 4,619% Explosion**

March Price Targets for XRP

With XRP trading at $1.35, the levels are very clear. If XRP stays above the $1.18–$1.20 area and climbs back above $1.50, it could bounce toward $1.75.

If the buyers hold up, then the price could potentially test $2.00 again. This is a very tough resistance level right now. If the XRP price can break through $2.00 in March, then it could potentially go up to $2.40-$2.60, but that would require the entire market going up too.

If the price goes below $1.18, it could accelerate lower. The next support is around $1.00. If selling continues, the price could slide to the $0.85–$0.90 area.

Wider market risks also matter. Ongoing tensions and war in the Middle East can shake global markets, and crypto usually reacts fast during risk-off periods. That could make it harder for XRP to recover this month.

Right now, the chart favors caution. Bulls need to reclaim $1.50 to change short-term structure. Until then, the XRP price remains in corrective mode, and March will likely revolve around whether support at $1.18 holds, or breaks.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Gerelateerde artikelen

Exodus Wallet Expands XRP Ledger Support Through Ripple Partnership, Adds RLUSD

Exodus Movement announced a partnership with Ripple to enhance support for the XRP Ledger in its crypto wallet, allowing users to manage Ripple USD and send XRP assets seamlessly.

GateNews2u geleden

Solana and Ripple's 'XRP' Posts Highlight $100M Wrapped XRP Integration

Solana's recent post about "XRP" led to Ripple's reply, influencing XRP's price. This comes amid the launch of wrapped XRP on Solana through Hex Trust and LayerZero, attracting significant liquidity, highlighting an evolving collaboration in the crypto space.

GateNews4u geleden

XRP Rises 4% as Ripple Partnership and ETF Inflows Drive Recovery

XRP rose 4% to $1.41, boosted by Ripple's partnership with Kyobo Life and increasing institutional interest. Broader market gains and positive community engagement also contributed, though XRP remains 63% below its peak. Key support is at $1.38.

GateNews8u geleden

XRP taps 44 million Rakuten users as Japan loyalty points turn into crypto

Rakuten Wallet has introduced XRP for trading and payments in Japan, allowing 44 million Rakuten Pay users to convert loyalty points into XRP, effectively integrating it into a major consumer commerce network. This move enhances everyday spending and expands XRP's reach in the market.

Cryptonews11u geleden

Rakuten Pay Integrates XRP for 44 Million Japanese Users, Enables Payments at 5M+ Merchants

Rakuten Pay has integrated XRP, enabling 44 million users to spend the cryptocurrency at over 5 million merchants in Japan. This integration highlights a shift from trading cryptocurrencies to everyday payments, supported by Japan's favorable regulations and fintech infrastructure.

GateNews04-15 09:14

MoonPay Hints at Potential Ripple Collaboration With XRP-Themed Post

MoonPay's recent social media post featuring an XRP theme has sparked speculation about a potential partnership with Ripple. As both companies focus on enhancing cryptocurrency infrastructure, the implications of this possible collaboration, along with Ripple's initiatives in institutional finance, highlight a shift towards practical applications in the crypto space.

GateNews04-15 08:53
Opmerking
0/400
Geen opmerkingen