Ripple Technical Analysis: 24 MAR 2025
Range-Mid point flipped into a support. Source: TradingView
General View
Bulls are now actively starting to find acceptance above the range mid-point, signaling a shift in momentum. Additionally, the structure is forming a gradual ascending channel, suggesting that buyers are beginning to establish control. Price is also approaching a key descending trendline resistance, which remains a crucial hurdle for further upside. If XRP continues to hold above the mid-range level, the probability of a breakout towards higher resistances increases, reinforcing the developing bullish structure.
On The Upside
XRP is starting to show strength. Price has primary intra-day resistance at the $2.45 level. Once bulls clear this hurdle a good push into 2.60 is expected followed by 2.70 levels. Above this resistance is where the real challenge for XRP begins. Price is stuffed with multiple resistances starting from 2.75 to 2.90 levels.
On The Downside
Price has successfully turned the $2.40 – $2.35 levels into a support. This region has been holding firm for several days, and if XRP maintains this level, bulls are likely to remain in control. Unless this supportive zone is lost, sellers are unlikely to inflict any major damage on the bulls.
Symmetrical Triangle trendlines are now under focus. Source: TradingView
