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Ripple Price Prediction: XRP Market Trend Reveals 15% Rally Potential, But a 10% Crash Looms

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XRP’s recent price action has shown significant fluctuations, aligning with concerns of XRP overvaluation in the market. XRP’s recent price action has been volatile, with a failed breakout attempt at resistance and a sharp decline following a death cross on the MACD. The price tested key support levels, and RSI oversold conditions hinted at a possible rebound. However, sustained bearish momentum could push XRP lower. XRP Market trend has contributed to resistance at $2.4111, where XRP failed to maintain upward momentum.

Ripple Price Prediction: XRP Faces Key Resistance Amid Market Fluctuations

The trading day of March 16 started with multiple buying pressure and selling pressure, with key technical indicators shaping the trend. The trading day began with a golden cross, driving the price toward resistance at $2.4111. However, selling pressure intensified, leading to a downward movement, with oversold conditions emerging at 2:50 UTC on the RSI. 

A death cross at 6:45 UTC triggered a sustained downward channel, with multiple oversold signals at 7:10 UTC and 9:35 UTC, forcing the price to find support at $2.3379. XRP briefly stabilized, but an RSI oversold condition at 11:05 UTC led to another breakdown below support, sending the price further down. The downward pressure continued until 13:50 UTC, where XRP established new support at $2.2677.

Chart 1, Analyzed by ShwetaCW, published on TradingView, March 17, 2025

Later in the day, XRP saw a recovery as buying pressure increased, leading to an overbought condition at 16:00 UTC. However, a death cross at 16:50 UTC reversed the momentum, initiating another downward move. By 23:30 UTC, a golden cross appeared, providing temporary relief as XRP entered March 17.

Continus RSI oversold at 1:00 UTC, 1:45 UTC, and 4:00 UTC suggesting weak bullish momentum, preventing a decisive upward move. A downward trend continued at 4:35 UTC, leading to further oversold at 5:55 UTC and 6:30 UTC. However, a golden cross at 6:50 UTC helped stabilize the price within the trading range of $2.3700 to $2.2677. XRP market trend remains volatile, with resistance at $2.3700 acting as a barrier. If the price breaks above this level, it may test $2.4100. Conversely, a break below $2.2677 could suggest a further decline.

Ripple Price Prediction: What Is XRP’s Next Move

XRP price action remains volatile as overvaluation concerns resurface. The market data shows that XRP faced resistance from selling pressure, which led to multiple downward moves. The market trend remains uncertain, with XRP trading within the $2.3700-$2.2677 range. According to Ripple Price Prediction, a breakout above $2.3700 could lead to an XRP rally toward $2.4100, while a breakdown below $2.2677 may extend losses. As investors assess XRP’s valuation, the next move will depend on whether bulls can overcome resistance or if XRP overvaluation drives further corrections.

The post Ripple Price Prediction: XRP Market Trend Reveals 15% Rally Potential, But a 10% Crash Looms appeared first on Coinfomania.

1M ago
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