News View Non-AMP

XRP Price Prediction For March 10

Published by
Mustafa Mulla

The crypto market is under pressure as investors react to economic concerns from the latest U.S. jobs report. Rising bond yields and inflation worries are pushing them toward safer investments, leaving riskier assets like XRP struggling. Bitcoin, the largest cryptocurrency, has dropped 20%, now trading at $80,000, and XRP is feeling the heat from this uncertainty.

Adding to the pressure, the 10-year U.S. Treasury yield has surged to 4.3%, its highest level since November 2023 – a clear sign that big investors are pulling out of crypto. On top of that, global trade tensions are stirring up even more uncertainty.

Needless to say, XRP has been hit hard. Here’s what you need to know for what’s coming.

Is a Big XRP Price Move Coming?

Despite recent ups and downs, crypto analyst Ali Martinez believes XRP could be gearing up for a major price move. Martinez pointed out that the 1-day XRP chart has formed a head-and-shoulders pattern, which often signals a potential price drop.

However, if XRP holds above the key $2 support level and moves past the right shoulder of the pattern, it could trigger a strong rally. In that case, prices could climb toward $5, but this would require solid buying pressure and positive market sentiment.

XRP-Spot ETF Developments

An XRP spot ETF could attract institutional investors and drive prices higher—if it gets regulatory approval. However, the SEC’s next move will be crucial. If the agency decides to appeal Judge Torres’ ruling, it could block XRP spot ETF applications, delaying any potential market growth.

At the same time, Ripple and the SEC could be in discussions following Judge Torres’ final ruling. Ripple might try to challenge parts of the decision, which could impact the case’s outcome and influence XRP’s future.

Key Levels to Watch

XRP is at a crucial level. If it stays above $2 and breaks key resistance, it could start a strong rally, possibly reaching $2.80 soon.

Technical indicators show the Relative Strength Index (RSI) at 42, meaning XRP isn’t overbought or oversold, leaving room for price movement.

Currently, XRP is trading at $2.18, down 6.5% in the last 24 hours, with a market cap of $126.5 billion.

All eyes are now on XRP’s support levels—will it hold strong or crack under pressure?

FAQs

Why Is XRP Price Dropping?

XRP is under pressure due to rising bond yields, inflation concerns, and a 20% Bitcoin drop, leading investors to move toward safer assets.

Can XRP Reach $5 Soon?

If XRP breaks above resistance and sees strong buying momentum, analysts suggest it could climb toward $5, but market sentiment plays a key role.

How Could an XRP Spot ETF Impact Its Price?

An approved XRP spot ETF could attract institutional investors and boost demand, but SEC rulings may delay or block such developments.

Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Recent Posts

UK Crypto Regulation Introduces New Rules

The UK is stepping up its crypto game — with clear rules, bold reforms, and…

April 30, 2025

U.S. SEC. Delays Decision on Bitwise Dogecoin ETF Until June 15

Wall Street analysts project that the U.S. SEC will approve a bunch of spot crypto…

April 30, 2025

Ethereum Eyes $2000 Breakout Amid Surging On-Chain Metrics: Is a Bigger Rally Ahead?

Ethereum's price has been going up due to the rising buying pressure following overall market…

April 30, 2025

Avalanche Poised for a 250% Upswing—Here’s the AVAX Price Prediction for 2025

Ever since the crypto markets have shown some stability, altcoins like Avalanche have refrained from…

April 29, 2025

U.S. SEC Delays Decision-Making on Franklin Templeton’s Spot XRP ETF: What Next?

The U.S. SEC recently approved XRP futures ETF, thus dramatically increasing the odds for a…

April 29, 2025

Summer Markets Could be Bearish; Bitcoin Enters Now-or-Never Trade-Here’s What’s Next for BTC Price?

Bitcoin continues to maintain its upward trend ever since the token has bounced off above…

April 29, 2025