News View Non-AMP

XRP Price Prediction For March 22

Published by
Anjali Belgaumkar

Ripple’s XRP is currently down by more than 1% and is trading at $2.39. XRP’s price continues to show a larger bearish divergence on the 3-day chart. Despite some short-term bullish movement, the overall momentum is still leaning toward the downside. For months, market analysts have been warning that major bullish movement is unlikely in the near future. 

Short-Term Bullish Action Amid Larger Bearish Trend

XRP has seen brief bullish movements, with some positive price structure breaking above key levels. According to analyst Josh of Crypto World, these moves have allowed XRP to flip previous resistance into support, giving traders hope for short-term price action. However, the overarching bearish divergence remains, signaling that larger price increases may still be unlikely for the near future.

Key Support and Resistance Levels for XRP

XRP currently holds support between $2.24 and $2.30, with major support around $1.95 to $2.50. On the flip side, resistance levels are observed at $2.60 to $2.65 and again near $2.80. A significant resistance zone is near the $3 mark, making it a key level for any possible upward movement.

Sideways Price Action Likely to Continue

Over the past month, XRP has primarily moved sideways within a price range between key support and resistance levels. With the larger bearish divergence in play, it’s likely that this trend will continue until more definitive market signals emerge. In the immediate term, XRP’s price is expected to fluctuate within this range, with a lack of strong directional momentum.

XRP’s Long-Term Outlook: Waiting for a Breakout

 XRP’s long-term outlook remains uncertain, with market analysts suggesting the possibility of a “last hurrah” for bullish action. Some believe that XRP could experience a final euphoric surge before a more significant downtrend, driven by broader market forces. As the market is still in a corrective phase, it may take time before XRP can break out of its sideways movement and generate substantial price action.

Conclusion: A Market at Crossroads

Despite short-term price movements, XRP’s price is currently stuck within a range, waiting for a catalyst to drive the next price change. While the bearish divergence remains the dominant trend, the potential for short-term bullish action exists.

FAQs

Why is XRP’s price dropping?

XRP is facing bearish divergence, with resistance at $2.60-$2.80. Analysts predict sideways movement until a strong breakout catalyst emerges.

Will XRP see a bullish breakout soon?

Analysts suggest XRP could have a short-term bullish surge, but overall bearish momentum makes a major breakout unlikely in the near future.

Why did the SEC drop its appeal against Ripple?

The SEC dropped its appeal to align with its stance in other cases, possibly signaling ongoing settlement talks with Ripple.

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.

Recent Posts

Federal Reserve Eases Crypto Rules for U.S. Banks

The U.S. Federal Reserve has officially rolled back key rules that once restricted how banks…

April 25, 2025

Sui (SUI) Price Analysis Today: Key Targets to Consider Ahead

The Sui network has attracted significant investment from institutional investors seeking to capitalize on its…

April 25, 2025

Dogecoin Price Analysis: Momentum Favors Further Gains

Technical analysis shows that the Dogecoin price is poised to gain 33% to 23 cents…

April 25, 2025

Helium Network Announces Strategic Partnership With AT&T: What Next for $HNT Price?

The AT&T subscribers can connect to Helium’s community-built Wi-Fi network. The Helium network has grown…

April 25, 2025

Ethereum Price Prediction 2025: ETH Price May Trigger a 10x Rally, if This Trade Setup Plays Out Well

The crypto markets are experiencing a powerful bullish wave, highlighted by Bitcoin’s breakout and a…

April 25, 2025

What’s Next for the Chainlink (LINK) Price-Will it Reclaim $20 Before the End of the Month?

The recent rise in the bullish momentum has elevated the markets above the bearish captivity…

April 25, 2025