Ripple Technical Analysis: 23 MAR 2025
XRP’s ongoing symmetrical triangle. Source: TradingView
General View
XRP is currently in a ranging environment, with bulls successfully holding and establishing a strong base above the intra-day support levels. If bullish momentum continues, XRP could take control and aim for higher levels in the coming hours. However, a breakout above key resistance zones is needed to confirm the next leg higher. Additionally, XRP is currently trading within a symmetrical triangle on the higher timeframe, indicating a phase of consolidation before a significant breakout.
On The Upside
The first critical resistance lies at $2.40, with a stronger intra-day barrier at $2.53. A clean break above these levels could accelerate a move toward the $2.65 strong resistance, where selling pressure may increase. If bulls gain momentum and break out of the larger symmetrical triangle, a significant rally could follow.
On The Downside
Key support levels are positioned at $2.33 and $2.20, where bulls have remained strong and successfully defended these zones. Their resilience has kept XRP within the range, preventing any major breakdown. As long as the price sustains above these levels, the bullish structure remains intact. However, if XRP fails to hold above $2.20, it could revisit lower support areas before any major bounce.
XRP’s intra-day levels for 23rd March 2025. Source: TradingView
