Ripple Technical Analysis: 15 MAR 2025
XRP reclaims the mid-range level of $2.40. Source: TradingView
General View
XRP’s recovery has accelerated as the price reclaimed the mid-range level. This is the first time in over a week that bulls have managed to reclaim an important level. Now, if bulls can sustain the mid-range over the next few hours, the price is then expected to test the resistances above and aim for the range highs. The descending resistance around range highs is the turning point, as breaking this level would push XRP from a bullish to an aggressively bullish phase.
On the Upside
XRP is now gradually making its way towards the $2.50 and $2.60 levels. These levels serve as primary intra-day resistances for the day. Some partial profit-taking may occur around these resistances, but XRP has now successfully opened the range between $2.40 to $2.90 levels. For XRP, the key resistance now lies within the range high region where both horizontal and trendline resistances converge, creating a challenging zone for the price.
On the Downside
XRP has now successfully flipped several intra-day levels into support. The price enjoys a wide range of support, stretching from $2.40 to $2.20 levels. Having said that, the key turning level remains at the $2.40 level. This is the range midpoint, and holding it would be essential to keep XRP in a strong state. Meanwhile, as of now, a pullback into $2.20 can’t be ruled out; however, this is where bulls must limit short-term profit-taking to prevent further weakness.
The short-term trend is in an ascending channel formation. Source: TradingView
