XRP has shown significant price fluctuations in recent days, reflecting the volatility of the cryptocurrency market. Currently trading at around $2.16, market sentiment and external economic factors continue to influence its trajectory.
Three-Day Price Action
Over the past three days, XRP has experienced significant price changes. On March 30, it fell 3.7% to $2.08 due to concerns over new tariffs introduced by the U.S. government. However, on March 31, the cryptocurrency rebounded by 5.2% to reach $2.18, demonstrating resilience amid market uncertainty. Currently, the price has stabilized around $2.17, indicating potential consolidation before the next move.
Key Support and Resistance Levels
On the daily timeframe, key support levels are: $2.00, a crucial psychological level that has held against recent declines, and $1.76–$1.80, supported by the 200-day Simple Moving Average (SMA), providing long-term stability. Resistance levels are $2.65, a key barrier XRP must surpass to maintain bullish momentum, and $3.00, overcoming which could lead to an extended rally toward $3.90. On the 4-hour timeframe, support levels include $2.33, where the 200-period moving average provides short-term support, and $2.50, staying above which could indicate continued bullish momentum. Resistance levels are $2.70, breaking which would signal strength and a possible upward move, and $2.78, overcoming which could confirm a bullish reversal.
Projection for the Next Three Days
In the next three days, XRP is expected to trade within its support and resistance range. A potential 5% price increase is possible, contingent on market conditions. However, given the cryptocurrency’s volatility, traders should monitor global financial trends and regulatory developments closely. Based on current technical indicators, XRP is likely to trade within a range of $2.00 to $2.65. A breakout above $2.65 could signal further gains, while a drop below $2.00 may indicate bearish momentum.
In conclusion, XRP continues to be one of the most volatile cryptocurrencies, with its future movement contingent on various market factors. Investors should pay attention to current macroeconomic conditions and regulatory environment.
