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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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  • 2 minutes read

XRP Price Prediction For March 15

  • currency-symbol XRP $ 2.15 (3.75%) top gainer
Story Highlights
  • XRP Breaks Resistance: XRP breaks above $2.30, signaling a short-term bullish trend, but faces key resistance at $2.65โ€“$2.80.

  • Bitcoinโ€™s Impact: XRPโ€™s price movement depends on Bitcoinโ€™s trend; a BTC rally could boost altcoins, while a drop may trigger declines.

The cryptocurrency market is currently trying to bounce back and the next few days will be crucial to determine the market direction. Bitcoin and Ethereum are beginning to bounce off an important Fibonacci level, and Solana is still showing a short-term bullish divergence. However, XRP is breaking out above a critical resistance zone.

Currently, XRP continues to face bearish pressure, particularly on the 3-day time frame. The chart reveals a significant bearish divergence, suggesting that a sustained bullish momentum is not likely in the near future. According to analyst Josh of Crypto World, this signal on the larger time frames indicates that a major upward movement is not expected. However, short-term bullish movements remain possible.

Recent Price Movements and Support Levels

XRP has recently bounced off key support levels, particularly between $1.95 and $2.25. For several hours, the price struggled to break past a short-term resistance zone in the $2.25 to $2.30 range. However, a positive shift occurred with a confirmed breakout, as the price closed above $2.30 on an 8-hour candle, signaling a potential short-term bullish trend.

Resistance Levels to Watch

Looking ahead, the next key resistance levels for XRP are expected to be between $2.65 and $2.80. If the price continues to rise, additional resistance may appear near the $3 mark. In the short term, potential resistance could be seen around $2.50 and $2.38โ€“$2.40, as previous support zones could now act as resistance.

Bitcoinโ€™s Influence on XRP Price

To predict XRPโ€™s price movements more accurately, monitoring Bitcoinโ€™s price trends is crucial. If Bitcoin experiences short-term bullish relief, XRP and many altcoins are likely to follow suit. Conversely, if Bitcoinโ€™s price continues to decline, similar drops across major altcoins, including XRP, can be expected.

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FAQs

Is XRP bullish or bearish right now?

XRP shows short-term bullish momentum but faces bearish divergence on higher time frames, limiting sustained upward movement.

How does Bitcoin affect XRPโ€™s price?

If Bitcoin rises, XRP may follow; if BTC drops, XRP and other altcoins often experience similar declines.

What is the XRP price prediction after the lawsuit?

The case is expected to conclude on April 16, if Ripple wins against the SEC, XRP could reach $10 or higher. A prolonged case might keep prices around $5.81 in 2025 before further growth.

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