XRP Technical Analysis: 13 MAR 2025
XRP has been range-bound since December. Source: TradingView
General View
XRPUSDT remains one of the strongest altcoins in the market. Despite undergoing a deep correction, XRP has managed to maintain its broader price structure. It has remained in a range-bound situation between the levels of $1.90 and $2.90 since December 2024. As long as the price remains inside this range, it is likely to continue fluctuating in both directions. A confirmed breakout in either direction will determine the next major trend.
On the Upside
Price is gradually climbing higher towards the range mid-point, which currently stands at the $2.40 level. This is an important level for the day that bulls need to reclaim and hold above to open the upside range between $2.40 to $2.90 levels. If successful, XRP would initially push towards the $2.60 level, followed by $2.80, where the range resistance boundary starts and pushes all the way towards $2.90.
On the Downside
There are intra-day supports at the levels of $2.23 and $2.15. Both these levels are expected to absorb any minor to moderate intra-day selling pressure. However, if sellers do gain control and push the price lower, the major support zone is established at $2.00 to $1.90 levels. This is the support region that has not been breached since December 2024.
Price is looking for a breakout! Source: TradingView
