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  • ๏ปฟAnjali Belgaumkar
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    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 โ€œEnthusiastโ€ but trust me I'm getting there.

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XRP Price Prediction For March 6

  • currency-symbol XRP $ 2.13 (-0.25%) top looser
Story Highlights
  • XRP shows bearish divergence on 3-day chart, hinting at choppy price action. RSI neutral, watching key support at $2.25-$2.30.

  • XRP surges 375% post-election, outperforming the market as active wallets spike 620%. Key resistance at $2.65-$2.80.

XRP has been experiencing fluctuating price action recently. Currently trading at around $2.50, XRP saw a major drop after an initial price spike. However, itโ€™s now back on an upward trajectory, hinting at a potential bullish trend. This movement suggests that XRP is following a slow, steady climb, with hopes of developing into a larger upward pattern. Analysts are watching for the possibility of an extended bull run, similar to what occurred in 2021.

Since the U.S. election, XRP has surged by 375%. The altcoin is significantly outperforming the broader market, with increasing interest from new buyers, as active XRP wallets have jumped by 620% in the past week.

The marketโ€™s fear and greed index is improving, moving up to 30, signaling a shift toward a more optimistic outlook. Bitcoin dominance remains steady at 60%, and the overall market cap has risen to $3 trillion, with altcoins also gaining momentum.

Bearish Divergence on 3-Day Chart

According to analyst Josh of Crypto World, XRP continues to show a bearish divergence on the 3-day timeframe. This suggests that while short-term movements may fluctuate, we shouldn’t expect any major bullish momentum similar to the rise seen in November last year.

XRP is bouncing from a key support area between $2.25 to $2.30. The next resistance levels to watch are between $2.65 and $2.80, with additional resistance at $3 and $3.20.

RSI Indicators and Market Movement

The RSI (Relative Strength Index) has recently bounced into overbought territory, but has since reset after a pullback. At the moment, the RSI is neutral, which suggests that XRP’s price may remain in a sideways range for the short term. If Bitcoin and other major altcoins stay neutral, XRP is likely to follow suit with some choppy price action.

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FAQs

Why XRP price is going up today?ย 

XRP price today is going up amid the broader marketโ€™s optimism, and it being included in the U.S. Crypto Reserve.

How high can XRP go in 2025?

XRP might reach a high of $5.81 with an average of $4.89.

What is the XRP price prediction for 2030?

By 2030, XRP may trade between $16.92 and $26.97, driven by institutional adoption, CBDC development, and Rippleโ€™s expansion in global payments.

What is the XRP price prediction for 2040?

XRPโ€™s price could hit $178.82 by 2040, assuming widespread adoption, strong regulatory support, and Rippleโ€™s continued dominance in cross-border payments.

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