XRP, the largest encrypted currency on the market, is currently trading at $ 2.36 with a maximum market of $ 136 billion. However, the increase in price fluctuations in the encryption market has led to a 11 % decrease in XRP over the past 24 hours.
However, the 7 -day revenue for XRP remains positive at 6.14 %. XRP volatility tests the level of decisive support, which allows the possibility of detecting XRP at a crucial crossroads.
Will the dominance of the Ghobodia in the overall market a decline in XRP under the two dollar psychological brand? Let’s discover.
XRP Technical Analysis
In the daily graph, the XRP price trend reveals a huge hard candle of about 35 % of Sunday. However, the bullish failure of the broader market in maintaining momentum led to a decline in XRP of the psychological brand $ 3.
On Monday, the XRP price decreased by 18.83 %, creating a dumping hole candle. Dandellers continue with a decline during the day by 1.39 %, with a period of 24 hours at $ 2.21.
However, rejecting the low price reveals XRP dominance at 38.20 % Vibonacci at $ 2.22. Moreover, the low price rejection reflects the dynamic intermediate line of EMA for 100 days, providing a pillow to absorb the increasing latitude.
However, the growing short -term volatility led to a declining intersection between EMA lines for 50 and 20 days. Currently, the XRP price gets support from the level of 38.20 % Fibonacci, hinting to a possible return to the Fibonacci level 23.60 % at $ 2.63.
Huge price fluctuations have undermined the previous similar triangle style and reflected the increase in massive fluctuations. However, the MACD line and the signal line maintain a positive alignment due to the last upward rise.
Moreover, the long -term and dynamic aid lines of EMA 100 and 200 days maintain a positive alignment. Thus, it is possible that the XRP price is likely to restart the recovery.
Will the price of XRP recover more than $ 3?
Amid the growing price fluctuations, the encryption whales lined up to get XRP. According to analyst Ali Martinez, during the past 24 hours, Whale I bought approximately one billion XRP codes.
The whales bought nearly a billion $ Xrp In the last 24 hours! pic.twitter.com/5ktdhjb0jg
Ali (ali_charts) March 3, 2025
According to the XRP work analysis, the XRP recovery must maintain a bullish direction above the $ 3.00 psychological brand to run the new recovery. According to Fibonacci levels, the XRP resistance remains near the $ 3.30 sign.
In the event of bullish recovery after this point, the XRP price can reach the resistance line, the expenses near the $ 3.72 sign. On the other hand, the decisive support level of XRP remains near the Fibonacci level by 50 % at $ 1.89 and 200 EMA font.
