XRP Price Watch: Bulls Eye $3.00 as Key Support Holds

CN
8 hours ago

The 1-hour XRP/USDC chart shows a gradual uptrend since March 11, with the digital asset making higher highs and higher lows. The price has been consolidating near $2.40, with immediate resistance at $2.475 to $2.50 and support at $2.30 to $2.35. Trading volume remains moderate, and a sustained move above $2.40 could push the price toward the next resistance at $2.50 to $2.60. Conversely, a break below $2.35 could trigger a retracement toward the $2.30 level, where buyers have previously stepped in to support the price. If bullish momentum continues, XRP could attempt to test $2.50 in the short term, but failure to hold $2.35 could lead to a deeper pullback.

XRP Price Watch: Bulls Eye $3.00 as Key Support Holds

XRP/USDC via Binance on March 15, 2025, 1 hour chart.

On the 4-hour chart, XRP recently bounced from $1.89 and recovered to $2.40, indicating strong buying interest near the $1.90 to $2.00 range. The price structure suggests that if XRP can break above $2.50 to $2.60 with strong volume, it could rally toward $2.80 to $3.00. However, if it faces rejection at this level, a retest of the $2.20 to $2.30 range remains a possibility. The increased volume observed around $1.90 to $2.00 suggests that buyers have been accumulating at lower levels, potentially setting up a continuation of the uptrend.

XRP Price Watch: Bulls Eye $3.00 as Key Support Holds

XRP/USDC via Binance on March 15, 2025, 4 hour chart.

The daily chart shows that XRP has been in an uptrend since December, reaching a high of $3.40 before retracing to the $2.20 to $2.30 range. The current price action suggests a potential higher low formation, which could support a move higher if $2.40 to $2.50 holds as a support zone. Major support levels are at $1.90 to $2.00, while resistance is seen at $3.00 to $3.40. If XRP can sustain a move above $2.60, it could open the door for a retest of the $3.00 level, whereas a break below $2.20 would indicate further downside risk.

XRP Price Watch: Bulls Eye $3.00 as Key Support Holds

XRP/USDC via Binance on March 15, 2025, 1 day chart.

Oscillators currently indicate mixed signals, with the relative strength index (RSI) at 50.43, Stochastic at 38.76, commodity channel index (CCI) at 42.34, average directional index (ADX) at 20.54, and awesome oscillator at -0.179, all signaling neutral conditions. However, momentum at -0.09685 and the moving average convergence divergence (MACD) level at -0.06898 both indicate positive signals, suggesting a potential shift toward bullish sentiment. The combination of neutral oscillators and some favorable conditions could imply a period of consolidation before a more definitive move.

Key Fibonacci retracement levels on the daily and 4-hour charts highlight potential areas of support and resistance. On the daily timeframe, the 0.382 Fibonacci level at $2.43 is currently being tested, while the 0.5 level at $2.23 and the 0.618 level at $2.02 serve as strong support zones. A break above $2.73, the 0.236 Fibonacci level, would confirm bullish continuation toward $3.00. On the 4-hour chart, the 0.5 Fibonacci level at $2.42 is being tested as support, with the 0.618 level at $2.32 acting as a key short-term upbeat zone.

XRP’s moving averages (MAs) provide additional insight into XRP’s trend. The exponential moving average (EMA) 10 at $2.30884, simple moving average (SMA) 10 at $2.28758, EMA 20 at $2.35527, and SMA 20 at $2.32380 all indicate encouraging signals. However, the SMA 30 at $2.43576, EMA 50 at $2.44256, SMA 50 at $2.54047, SMA 100 at $2.52671, and SMA 200 at $1.65273 indicate negative signals, while the EMA 30 at $2.40247, EMA 100 at $2.29898, and EMA 200 at $1.87556 remain in a bullish territory. This suggests that shorter-term moving averages are supporting the uptrend, while longer-term moving averages indicate potential resistance ahead.

Bull Verdict:

If XRP maintains support above $2.40 and breaks through the $2.50 to $2.60 resistance zone with strong volume, a rally toward $2.80 to $3.00 is likely. Oscillators are neutral, but momentum and moving average convergence divergence (MACD) suggest a shift toward bullish sentiment. A sustained uptrend supported by key Fibonacci levels and moving averages could pave the way for higher highs, making $3.00 a realistic near-term target.

Bear Verdict:

If XRP fails to hold $2.35 and breaks below the critical $2.30 support level, a deeper retracement toward $2.20 to $2.00 is likely. While some moving averages indicate buy signals, longer-term indicators suggest resistance ahead, and a break below key Fibonacci levels could accelerate selling pressure. A failure to reclaim $2.50 would weaken bullish momentum and increase the risk of a return to lower support zones.

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