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XRP Price Prediction For March 17

Published by
Anjali Belgaumkar

XRP is showing a bearish divergence on the 3-day chart, meaning a strong or lasting bullish momentum is not expected in the near future. While there could be short-term bounces from certain support levels, significant price increases are unlikely for now.

Support Levels to Watch

Currently, XRP is testing an important support zone between $2.25 and $2.30. As of now, the price is holding steady within this range. If it successfully bounces from here, it could set up a short-term bullish trend. A confirmed bounce could push XRP up toward the next resistance levels between $2.65 and $2.80. However, resistance at $2.50 might slow down the momentum.

What If XRP Breaks Support?

On the other hand, if XRP fails to hold support and the price falls below $2.25, it would indicate a potential retracement toward the next critical support area, around $1.95 to $2.05. This price action would align with the larger sideways trend XRP has been in for the past several weeks.

Looking Ahead: What Could Happen?

Looking at the broader picture, XRP is still holding within a sideways range between $1.20 and $2.80. This range suggests the price may experience more choppy and unpredictable movements. While some analysts are hopeful for a breakout, XRP has not shown any clear signs of a strong bullish impulse, particularly as it continues to struggle below major resistance levels.

In terms of long-term price targets, if the market starts to show positive momentum, the $5 to $5.65 range could be possible, but this depends heavily on the market maintaining the critical $2 support level. A decisive break below this support could signal a bearish scenario, pushing XRP lower into the support range and possibly leading to a more significant correction.

FAQs

Why is XRP down today?

XRP is showing bearish divergence, facing resistance and weak momentum. Breaking key support levels could trigger further declines.

Is XRP in a bullish or bearish trend?

XRP remains in a sideways range of $1.20-$2.80. Without a breakout, it lacks a strong bullish impulse, struggling below major resistance levels.

Anjali Belgaumkar

Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

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