Story Highlights
- XRP nears $2.00 support as selling pressure intensifies.
- RSI hints at a bounce, but MACD stays bearish.
- Low volume signals weak buying interest at current levels.
As of March 31, 2025, XRP has had a challenging day with further selling pressure across the board. The cryptocurrency trades at $2.06 and is down 4.60% from the previous day at the time of writing this. According to the CoinMarketCap daily chart, XRP carries a market cap of $206.54 billion. XRP ranks #4 as part of the cryptocurrency market with a 3.02% market cap share while carrying a total supply of 99.988 billion XRP and a max supply of 100 billion XRP. XRP circulating supply is at 58.2 billion since the market is extremely volatile right now. Through volatility, investors watch XRP carefully today.
source:coinmarketcap
Technical Setup
Persis 10t an analyst on coinmarketcap, on the 12H the price is contained within a descending triangle, nearing major support at 1.9433. Major resistance lies in the range of 2.6000 to 2.7988, which will limit gains. A close below support could send XRP to 1.6000. A close above resistance could send prices to 3.0000.
source:TradingView on Coinmarketcap
What do the RSI and MACD Contributions Indicate for XRP?
As stated on the TradingView daily chart, it indicates the technical aspects of XRP’s momentum. The RSI fell from 47.49 to 37.45, meaning it is approaching oversold status at below 30. It forecast a possible price recovery. The MACD provides a bearish crossover confirmation, indicating that the MACD line at 0.0293 has crossed below the signal line at 0.0346; therefore, XRP shows continued downward price pressure.
source:TradingView
What Does Volume Say About Market Activity For XRP?
When you analyze volume on the all-time chart, there is a high volume spike during XRP’s price increase in early March when the price hit $1.35, but the decline in volume is now sharp, suggesting limited buying interest as the price falls. Therefore, the lack of strong volume suggests the initial increase in price above current price levels is still struggling to attract buyers and at present, may not lead to renewed buying at these current levels.
source:Coinglass
What is in Store for XRP?
Currently, XRP is trading at $2.06 at the time of publishing, having fallen 3.56% on the week—from $2.14 to $2.0599. The MACD is bearish, and the RSI has just crossed below its recent range. Both are indicative of further downward momentum in the near-term. However, if XRP stays above the $2.00 support, it may consolidate and draw in buying interest as that level is a profit-taking area for short-sellers.
Conclusion: Will XRP Reverse Its Downtrend?
XRP’s bearish indicators on the chart, as well as declining volume, mean that it will likely face obstacles during any bounce. However, the RSI approaching oversold conditions suggests it may be in for a bounce. The overall judgment is a little cautious on stated levels; however, XRP will need vast buying support to disrupt the downtrend. Investors should closely monitor the $2.00 support level for potential shifts.
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