Despite multiple bullish factors such as Donald Trump’s inauguration as the President of the United States of America for the second time and the dismissal of the XRP vs SEC lawsuit, the crypto market has failed to gain traction during Q1 2025. Various factors contributed to this result of which the price reason is speculated to be the ongoing Trump tariff war.
This further resulted in the XRP price concluding March on a bearish note. Notably, the 2nd largest altcoin dropped by 4.37% and is currently valued at $2.1403 with an intraday trading volume of $4.078 billion. This raises concerns about the future prospects of this altcoin in the crypto space.
Are you one of many who are actively following the XRP coin and are considering it as a potential investment? In this write up, we will understand the technical sentiments and possible short-term Ripple price analysis.
Ripple Price Forms A Bullish Pattern?
The XRP price has formed a strong support around the $2 mark in the daily time frame. This highlights a major buying point for the altcoin around that level. Moreover, the altcoin have formed a bullish triangle pattern, suggesting an increase in the bullish sentiment. With a market cap of $124.27 billion, the XRP token has a market dominance of 4.6163%.
The Relative Strength Index (RSI) is on the path of experiencing a bullish turn around above the oversold range in the daily time frame. Moreover, with its 14-day EMA records a 47.16 (Neutral) in the XRP price chart. This suggests a high possibility of a trend reversal in the coming time.
The Moving Average Convergence Divergence (MACD) displays a decline in the red histogram. Furthermore, the 14 & 26-day EMA trendlines experience a positive uptrend in the 1D time frame, suggesting that the altcoin may regain momentum this month.
Is XRP Price Breakout Incoming?
Considering the present market sentiments, the XRP coin price with a bullish reversal could retest its immediate resistance level of around the $2.50 mark. Maintaining the price level could push the price toward its important resistance zone of $3 this month.
On the contrary, if the bearish trend sustains, this could result in this altcoin dropping toward its support of $2 this week. Moreover, if the bearish sentiment intensifies, this price of XRP token could plunge toward its crucial support zone of $1.50 in the coming time.
Also Read: XRP Price Drops 15% Last Week, What’s Next?
