Volatility and Selling Pressure on XRP Price 📉
XRP had a strong start, reaching 2.30, but failed to sustain the momentum. The price fell and fluctuated between 2.12 and $2.25, indicating strong selling pressure. With a 38.52% drop in trading volume, buyer interest has decreased significantly.
Current Scenario:
Key Support: $2.12 (recent low).
Resistance: 2.30 (recent peak), followed by 2.27 and $2.25.
Psychological Level: $2.20 (temporary stabilization).
If XRP stays above
2.20, it may try to break through the resistances. A drop below 2.12 may lead to tests of lower levels, such as $2.10.
Forecast for March 2025:
Potential Growth: Projections suggest an increase of 5.64%, with an average price of $2.36.
Expected Price Range: Between 2.28 and 2.49, with a potential return of 11.64% from current levels.
Conclusion: XRP faces uncertainties in the short term, but it can recover if it maintains key supports. Keep an eye on resistance and support levels to identify opportunities!
