bullish

when

April

XRP (<a data-ct-non-breakable="null" href="https://cointelegraph.com/xrp-price-index" rel="null" target="null" text="null" title="null">XRP</a>) price has recovered from its low of $1.94 reached on Feb. 28, but it’s still trading below a key resistance zone. Will XRP’s price drop further in the coming days?
<figure>
 <img alt="XRP, Markets, Tech Analysis, Market Analysis, Altcoin Watch" src="https://s3.cointelegraph.com/uploads/2025-03/01957edd-9cf5-7b66-b561-251eb7e5e102" title="">
 <figcaption style="text-align: center;">
 XRP/USD daily chart. Source: Cointelegraph/<a data-ct-non-breakable="null" href="https://www.tradingview.com/x/Ut05ijeR/" rel="null" target="null" text="null" title="null">TradingView</a>
 </figcaption>
</figure>
<h2 id="strong-xrp-price-must-hold-above-2-00-strong">XRP price must hold above $2.00</h2>
Today's drop in XRP price is part of a correction that began on March 3 that saw the <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/here-s-3-ways-the-relative-strength-index-rsi-can-be-used-as-a-sell-signal" rel="null" target="null" text="null" title="null">relative strength index</a> (RSI) fall sharply following XRP’s drop from $3.00.
Key levels to watch:
<ul>
 <li>XRP bulls are focused on defending the psychological support at $2.00.</li>
 <li>This level has not been broken since Dec. 1.&nbsp;</li>
 <li>The RSI is below the middle line at 42, suggesting that the market conditions still favor the downside.</li>
 <li>XRP could extend the decline to the recent range low at $1.76 (formed on Feb. 3) and the support level at $1.61, where the 200-day SMA currently sits.</li>
</ul>
<figure>
 <img src="https://s3.cointelegraph.com/uploads/2025-03/01957ef1-0a7c-7db7-bb13-17bb0a8f9d0a" title="" alt="Is XRP price going to crash again?">
 <figcaption style="text-align: center;">
 XRP/USD daily chart. Source: Cointelegraph/<a data-ct-non-breakable="null" href="https://www.tradingview.com/x/o913FK05/" rel="null" target="null" text="null" title="https://www.tradingview.com/x/o913FK05/">TradingView</a>
 </figcaption>
</figure>
<ul>
 <li>The bullish case for the altcoin hinges on XRP turning the resistance between $2.53 and $2.62 into support. </li>
 <li>These levels are also the 100-day and 50-day SMAs.</li>
 <li>A close above the 50-day SMA could pave the way for a return to $3.00 or the <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/xrp-price-hits-seven-year-high-bullish-2025-outlook#:~:text=These%20partial%20legal%20victories%2C%20paired,political%20climate%20in%20the%20US." rel="" target="_self" text="null" title="https://cointelegraph.com/news/xrp-price-hits-seven-year-high-bullish-2025-outlook#:~:text=These%20partial%20legal%20victories%2C%20paired,political%20climate%20in%20the%20US.">seven-year high above $3.40</a>.</li>
</ul>
The XRP liquidation 24-hour liquidation heatmap chart shows that there is a big cluster of bids at around $2.00. 
<figure>
 <img alt="XRP, Markets, Tech Analysis, Market Analysis, Altcoin Watch" src="https://s3.cointelegraph.com/uploads/2025-03/01957f06-af24-7b93-8242-1e26911f63ed" title="">
 <figcaption style="text-align: center;">
 XRP liquidation heatmap. Source: CoinGlass
 </figcaption>
</figure>
<h2 id="br-strong-xrp-price-runs-into-resistance-at-3-00-strong"> XRP price runs into resistance at $3.00</h2>
XRP bulls are looking to regain their strength after failing to sustain momentum over the last couple of weeks.
<ul>
 <li>XRP’s 66% rally between Feb. 3 and March 2 was stopped by supplier congestion around the $3.00 level.</li>
 <li>However, XRP is still validating a <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/what-is-a-bull-flag-chart-pattern-and-how-to-spot-it" rel="null" target="null" text="null" title="null">bull flag pattern</a> in the weekly timeframe, as shown in the chart below.&nbsp;</li>
 <li>The price now rests on support at $2.16 at the upper boundary of the flag.&nbsp;</li>
</ul>
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/xrp-price-risks-20-drop-digital-asset-stockpile" rel="null" target="null" text="null" title="https://cointelegraph.com/news/xrp-price-risks-20-drop-digital-asset-stockpile">XRP price risks another 20% drop after ‘Digital Asset Stockpile’ letdown</a>
<figure>
 <img alt="XRP, Markets, Tech Analysis, Market Analysis, Altcoin Watch" src="https://s3.cointelegraph.com/uploads/2025-03/01957efe-de84-733b-b79e-694b885f495e" title="">
 <figcaption style="text-align: center;">
 XRP/USD weekly chart. Source: Cointelegraph/<a data-ct-non-breakable="null" href="https://www.tradingview.com/x/zc6DNneL/" rel="null" target="null" text="null" title="null">TradingView</a>
 </figcaption>
</figure>
<ul>
 <li>However, a bearish cross produced by the MACD suggests that XRP might drop further from the current levels.</li>
 <li>As such, if XRP closes below the weekly support level of $2.16, it will drop back into the confines of the flag, where it could continue consolidating for a few more weeks.</li>
</ul>
As Cointelegraph <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/xrp-price-risks-20-drop-digital-asset-stockpile" rel="" target="_self" text="null" title="https://cointelegraph.com/news/xrp-price-risks-20-drop-digital-asset-stockpile">reported</a>, if the critical $2-level breaks, XRP can drop toward its 50-weekly exponential moving average (EMA) at $1.46, particularly as the hype around the US strategic reserve fades.
<blockquote>
 “The US government’s commitment to only selling altcoins from its new Digital Asset Stockpile is posing a threat to XRP’s uptrend prospects.“
</blockquote>
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Is XRP price going to crash again?

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