Ripple Technical Analysis: 14 MAR 2025
XRP’s ongoing range levels. Source: TradingView
General View
XRP continues with its recovery after hitting the range lows. The price is now gradually approaching the mid-range levels. This is going to be an important pivotal point for XRP, as acceptance above mid-range would extend the recovery towards the range highs, while any rejection here at the mid-point would force profit-taking, eventually dragging the price back lower.
On the Upside
The resistance for the session remains firm at the $2.40 level. This is the mid-range resistance, a level that needs to break for XRP to open the above range between $2.40 and $2.90. Currently, the momentum is looking solid, however, the mid-range is going to test the bulls resolve. A breakout above $2.40 would initially extend the upside towards $2.60.
On the Downside
XRP is attempting to flip the $2.85 level into a lower time frame support. Successfully converting this level into a support would give bulls another layer of protection. Meanwhile the real test would be the mid-range level. Any rejection from this level would initially push us back towards the $2.85 level. If it holds the retest, a bounce can be expected, but if sellers eventually overwhelm this level, a drop into the $2.20 to $2.15 level can’t be ruled out.
XRP is attempting a stronghold above an important level. Source: TradingView
