TLDR
- XRP is trading near $2.45 with potential to break the $2.50 resistance level
- 72.28% of traders hold long positions, indicating strong bullish sentiment
- Derivatives data shows surging volume (60.98%) and Open Interest of $3.97 billion
- Analysts project potential short-term targets of $3-6 and long-term forecasts up to $27
- Recent SEC lawsuit conclusion and ETF speculation are boosting investor confidence
XRP has shown resilience in recent trading sessions, recovering from earlier volatility. The cryptocurrency is currently trading at $2.45, showing a 2.14% increase in the last 24 hours but down 2% on the daily chart.
XRP Price
The crypto asset has gained 6% over the past seven days. This price movement has sparked increasing interest among traders and investors.
Technical Analysis
Technical analysis reveals XRP is forming an inverted head and shoulders pattern. This is widely recognized as a bullish indicator in trading circles.
The pattern consists of three key points. The left shoulder, the head at $1.99, and the right shoulder near $2.20.
The critical neckline of this pattern sits at $2.45. A break above this level could signal a significant move upward for XRP.
Current price action shows XRP moving sideways with short-term bounces. However, analysts note a larger bearish divergence remains active on the 3-day chart.
Support levels are found between $2.24 and $2.30. Additional support exists in the $1.95 to $2.05 range if prices were to fall.
On the resistance side, a key level sits around $2.59. This is based on the latest price high according to market analysts.
Stronger resistance exists between $2.65 to $2.80. Another notable resistance point sits at the psychologically important $3 mark.
Inverse Head & Shoulders pattern on $XRP with a target of $3.05
Price has broken the neckline, send it!! 🚀 pic.twitter.com/fM9bIUXyJi
— Trader Edge (@Pro_Trader_Edge) March 25, 2025
Market sentiment for XRP appears strongly bullish. Data from Binance Futures shows 72.28% of traders hold long positions on XRP.
Only 27.72% of traders are betting on a price decline. This ratio indicates growing confidence in XRP’s potential to break through current resistance levels.
The derivatives market provides additional insights into XRP’s potential. Trading volume has surged by 60.98% to $4.52 billion.
Open Interest figures stand at $3.97 billion. Options volume has increased by an impressive 167.91%.
These metrics suggest active trader participation. The derivatives data generally supports a bullish outlook for XRP’s price.
After five weeks of withdrawals, digital asset investment products recorded massive inflows. XRP and Bitcoin led this positive sentiment.
The two cryptocurrencies brought in a combined $730 million. Ripple secured the second spot in these inflows.
SEC Victory
Recent developments in Ripple’s legal situation may be contributing to positive sentiment. The SEC lawsuit that began in 2021 has reportedly concluded favorably for Ripple.
With the change in SEC leadership, some analysts believe XRP is positioned for stronger performance. Legal expert Jeremy Hogan has commented on potential conditions of the SEC agreement.
If the victory includes nullifying previous rulings, XRP could return to the market in a stronger position. This would potentially allow XRP to be sold to institutional clients and investors without restrictions.
Another factor potentially driving XRP price is speculation about XRP ETF approval. Polymarket bettors have reached a new high of 87% betting that the SEC will approve a spot ETF for XRP in 2025.
ETF approval could significantly increase institutional adoption of XRP. This would potentially attract substantial new investment to the cryptocurrency.
Technical indicators show mixed signals but with a bullish bias. The 50-day exponential moving average (EMA) now serves as a support level for XRP.
The Relative Strength Index (RSI) shows 59, representing a neutral condition. The Moving Average Convergence Divergence (MACD) stands at 0.334, suggesting strong short-term momentum.
The Rate of Change indicator has been bullish at 10%. This marks positive price movement according to technical analysts.
Despite the bullish indicators, analysts acknowledge XRP could experience short-term drops. Unpredictable macroeconomic conditions may cause temporary bearish trends before any sustained rally.
