XRP is currently trading at $2.23, with a market capitalization of $129 billion and a 24-hour trading volume of $2.8 billion, fluctuating within an intraday range of $2.21 to $2.36 as price action remains under significant selling pressure across multiple timeframes.
The 1-hour chart reflects a strong bearish momentum, as XRP has been forming lower highs while testing the critical support at $2.20. A spike in trading volume suggests a possible local bottom, but the downward trajectory remains dominant. Resistance is currently established between $2.30 and $2.32, which could act as a short-term barrier if buyers attempt to regain control. Any bullish reversal would require a substantial shift in sentiment, with a decisive green candle near $2.20 confirming renewed buying interest. Otherwise, continued rejection at these levels could push the price lower.
XRP/USDC via Binance 1H chart on March 9, 2025.
XRP’s 4-hour chart further reinforces bearish momentum, characterized by a sequence of lower highs and lower lows. Support remains at the $2.20 to $2.25 range, which is being retested amidst growing selling volume. Resistance is observed around $2.40 to $2.45, where prior attempts at recovery have faltered. A short-term rally remains possible if buying pressure emerges near support, but failure to hold this level could accelerate downward movement. Traders seeking long positions may look for bullish confirmation at $2.20, while shorting opportunities exist if price fails to sustain above $2.35 to $2.40.
XRP/USDC via Binance 4H chart on March 9, 2025.
XRP’s daily chart reflects an extended downtrend, with the digital asset struggling to hold above the $2.20 level after previously failing to maintain gains above $3.00. Resistance is well-defined at $2.50 to $2.60, with stronger rejection near $3.00. A recent volume spike suggests increased selling pressure, further confirming the bearish outlook. Consecutive red candlesticks indicate a lack of bullish conviction, and a break below $2.20 could trigger further declines. A reversal scenario would require significant accumulation at current levels, with buyers stepping in to sustain a breakout above $2.50.
XRP/USDC via Binance 1D chart on March 9, 2025.
Oscillator readings remain largely neutral, with the relative strength index (RSI) at 43.09, stochastic at 33.61, and the commodity channel index (CCI) at -71.21, all signaling indecision. The average directional index (ADX) at 23.15 suggests a weak trend, while the awesome oscillator is slightly negative at -0.04134. The momentum indicator shows a reading of 0.03136, indicating selling pressure, while the moving average convergence divergence (MACD) level at -0.06294 further supports bearish sentiment.
Moving averages (MAs) reflect a strong downward trend, with multiple sell signals across different periods. The exponential moving average (EMA) for 10, 20, 30, 50, and 100 periods all indicate selling pressure, alongside their simple moving average (SMA) counterparts. The EMA for 200 periods, however, stands at 1.85, while the SMA for 200 periods is at 1.60, both signaling a potential long-term buying zone. Unless XRP manages to reclaim key resistance levels, the current trend favors continued downside movement.
Bull Verdict: Despite the prevailing bearish momentum, XRP’s ability to hold above the $2.20 support level could provide a foundation for a potential recovery. If buyers step in and push the price past the $2.50 resistance, a short-term bullish reversal may develop. The 200-period moving averages indicate a possible long-term accumulation zone, suggesting that a break above key resistance levels could reignite bullish sentiment.
Bear Verdict: XRP remains firmly in a downtrend across multiple timeframes, with strong selling pressure and consistent lower highs reinforcing bearish dominance. The failure to reclaim resistance at $2.50 and continued rejection at lower levels suggest further downside risk. If $2.20 fails as support, the next leg down could see XRP retesting lower levels, making any bullish attempts unsustainable in the short term.
