Ripple Technical Analysis: 21 MAR 2025
XRP bulls taking on the range mid-point. Source: TradingView
General View
XRP is holding steady above the range midpoint, showing resilience despite facing overhead resistance. Bulls have successfully defended key support zones, preventing any major sell-off, and keeping the short-term structure slightly bullish. However, the price remains trapped below a descending trendline, making it a critical level to watch. If buyers maintain momentum and sustain the price above current levels, a breakout attempt could be in play. But until resistance is cleared, XRP remains in a consolidation phase, waiting for its next big move.
On the Upside
For bulls to take control, XRP needs to break above the descending trendline at $2.40 to $2.44 and push through the $2.50–$2.60 resistance zone. A successful breakout would confirm bullish strength, paving the way for a potential rally toward the range highs near $2.90. If momentum builds beyond this level, further upside could unfold, bringing new highs into sight.
On the Downside
The midpoint is the most crucial range for XRP in the short term. If bulls hold, it will invite additional upside. Meanwhile, failing to push for a strong hold above this level would invite increased selling pressure. The first area of defense lies at $2.30, with a deeper correction possibly testing the short-term demand zone. A break below this level would shift momentum in favor of bears, exposing XRP to further downside toward lower supports at $2.20 to $2.15 levels.
XRP breached the descending trendlines for a reaction. Source: TradingView
