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XRP Price Prediction For March 25
Ripple’s XRP has seen a moderate increase of 6% over the past week. However, in contrast, the daily chart reveals a loss of more than 2%, as it struggles to break through the $2.50 mark.
On the positive side, institutional investment products have finally experienced an influx of $644 million after five weeks of withdrawals. XRP and Bitcoin collectively accounted for $730 million of this inflow, with Ripple taking the second spot, while Ethereum witnessed significant outflows. Additionally, a recent poll conducted by Polymarket found that 87% of bettors are optimistic about the possibility of the SEC approving an ETF for XRP in 2025.
A critical aspect to consider is the price action pattern. As we analyze the 3-day chart, it becomes apparent that there’s an ongoing bearish divergence. This development suggests that despite the potential for brief, short-term rallies, significant upward momentum appears unlikely in the near term. The asset’s price is not anticipated to replicate its explosive growth observed in November 2024.
Crypto analyst Josh from Crypto World has identified a defined sideways price range in which XRP continues to bounce. Support levels have been found between $2.24 and $2.30, with additional support also present at the range of $1.95 to $2.05. Conversely, a key resistance level is seen around $2.59 based on recent high prices, followed by more substantial resistance in the $2.65-$2.80 band, as well as another significant barrier at the $3 mark.
Based on this data, our short-term perspective appears rather neutral, with XRP exhibiting sideways price action. There is no clear indication of a breakout or a decisive trend reversal. The lack of momentum implies that we are currently in a consolidation phase, with little sign of an upward or downward movement for now.
Source: https://coinpedia.org/news/xrp-price-prediction-for-march-25/
