➡️XRP Nears Oversold Territory: Will March Bring a Rebound or More Losses?
Ripple’s XRP has had a rough February, mirroring the broader crypto market downturn. Over the past 24 hours, the token dipped another 3.31%, bringing its monthly losses to nearly 30%. As of now, XRP is trading at $2.22, with traders closely watching key indicators for signs of a potential turnaround—or further declines.
🗝 Key Indicators Suggest Bearish Pressure, But a Rebound Could Be Near
📝The Relative Strength Index (RSI) sits at 36.07, approaching oversold levels. Historically, a drop below 30 could signal a buying opportunity if demand returns. However, the Moving Average Convergence Divergence (MACD) remains in bearish territory, with the MACD line below the signal line and negative momentum persisting.
📈 For any meaningful upward move, XRP needs to break past $2.60—a critical resistance level that could open the door to a stronger recovery. Until then, the bears remain in control.
🪙 Support and Resistance Levels to Watch
Resistance Levels: $2.50, $2.80, $3.00
🪙 Support Levels: $2.15, $2.00, $1.80
📈XRP is currently trading below both the 50-day ($2.49) and 200-day ($2.65) moving averages, a classic "death cross" pattern that often signals extended downside risk. If the price fails to hold above $2.00, we could see a deeper correction toward $1.80 before any recovery attempt.
➡️Market Sentiment and Upcoming Catalys Despite the recent slump, 88% of traders remain bullish on XRP, according to CoinMarketCap sentiment data. Key factors that could influence its March performance include:
➡️SEC Lawsuit Developments: A favorable resolution could boost investor confidence.
➡️Ripple’s Adoption & Partnerships: New institutional use cases may drive demand.
➡️Broader Market Trends: Bitcoin’s movement will likely impact altcoins like XRP.
🔍Analyst Perspectives
➡️Crypto Michael suggests that holding the current support zone is crucial. A breakout above $2.60 could pave the way for a new all-time high.
➡️Analyst Ali points to a TD Sequential sell signal on the two-week chart, warning of a possible correction before any rebound.
March 2025 Outlook: Recovery or Further Decline?
💸 If XRP holds above $2.00, a rebound toward $2.80–$3.00 is possible, with a potential push to $3.50 if bullish momentum returns. However, losing the $2.00 support could lead to a drop toward $1.80 before any stabilization.
✅️With derivatives open interest at $2.3 billion, an increase in trading volume alongside price movement could signal fresh capital entering the market. Until then, traders should brace for potential volatility in March.
🤔Will XRP shake off the bearish pressure, or is more downside ahead?
The next few weeks could be decisive.
