American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Investing

XRP price prediction: Is Ripple a good buy in March?

by admin March 2, 2025
March 2, 2025
XRP price prediction: Is Ripple a good buy in March?

The XRP price has moved from being one of the fourth quarter’s best-performing cryptocurrencies into a top laggard in 2025. Ripple has dropped from $3.42 in January this year to $2.2 as most cryptocurrencies dropped. This article explores whether the XRP price will recover after hitting the crucial support at $1.96 last week.

XRP crashes despite crucial good news

The ongoing XRP crash happened even though Ripple experienced some important good news. 

First, the XRP price plunge happened as the odds of a spot Ripple ETF jumped. Several companies like 21Shares, Canary, and Grayscale have all applied for a spot XRP ETF after seeing its popularity soar in the past few months.

There is a likelihood that the Securities and Exchange Commission (SEC) will approve the fund, a few months after it allowed the listings of a spot Ethereum fund. An XRP ETF approval will be a positive thing, albeit in the short term, as it will lead to more inflows. 

Second, XRP price has crashed as the XRP Ledger network sees some growth. It has started to witness more developer interest in the past few months. Some of the top tokens on the XRP Ledger network are Ripple USD (RLUSD), Sologenic, Crypto Trading Fund, Coreum, and XRP Army. 

The Crypto Trading Fund or CTF token price has soared by almost 20% in the last 7 days, while the RLUSD market cap jumped to $132 million. Its daily trading volume is usually more than $100 million, a sign that it has more demand.

Third, there are rising odds that the SEC will end the litigation against Ripple Labs soon. It filed an appeal last year after Ripple secured a partial victory. This case stems in a 2020 lawsuit in which the SEC accused Ripple of selling unregistered securities. 

The overseeing judge said that XRP was not a security, but the company’s practice of selling the tokens to institutions was not right. She ordered Ripple to pay a $250 million fine, much lower than the $2 billion that the SEC wanted. 

The rising odds that the SEC will drop the Ripple charges are because of its recent decision to drop charges against other companies in the crypto industry like Gemini, Uniswap, and Coinbase.

Read more: Coinbase says SEC set to drop enforcement case against the crypto exchange

Why Ripple price crashed

Therefore, there are three main reasons why the XRP price has crashed despite the good news in its ecosystem. First, XRP has plunged because of the ongoing softness in the crypto industry. Bitcoin and most altcoins have plunged this year, with the market cap of all coins falling to $2.7 trillion.

Second, Ripple has crashed because of the ongoing state of fear in the crypto industry. The fear and greed index has moved to the extreme fear zone of 18. Crypto investors often remain in the sidelines when there is a sense of fear in the market.

XRP price technical analysis

XRP price chart by TradingView

The XRP price has also plunged for technical reasons. For example, the coin has moved from the markup phase of the Wyckoff Theory into the distribution phase. This phase is characterized by investor pull and push and a lack of clear direction.

Additionally, XRP has formed a head and shoulders chart pattern, a popular bearish sign in the market. This pattern comprises of a head, two shoulders, and a neckline. It has moved below the 50-day moving average. Therefore, the XRP price will likely continue falling as sellers target the 61.8% retracement level at $1.6215.

The post XRP price prediction: Is Ripple a good buy in March? appeared first on Invezz

0
FacebookTwitterGoogle +Pinterest
previous post
Crypto price prediction: Hedera Hashgraph, Grass token, BNB
next post
Ethereum price prediction March: Is another 50% crash possible?

Related Posts

Fortune and Lomiko Receive Critical Minerals Funding from...

May 21, 2024

Adobe stock price triangle pattern points to big...

December 2, 2024

Archer Aviation vs Lilium: which is the better...

September 21, 2024

Joby Aviation stock price forecast: buy the dip...

February 11, 2025

Completion of Bookbuild for Non-Brokered A$2 Million Placement

April 4, 2024

Top 4 S&P 500 stocks to buy Polymarket...

April 5, 2025

Analysts are upbeat about AMD stock price: should...

May 12, 2025

USD/JPY forecast: signal ahead of FOMC and BoJ...

March 17, 2025

Tesla stock price forecast: 4 reasons TSLA is...

February 28, 2025

First Solar stock faces substantial risks but a...

September 12, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • Interview: Strategic location gives Brazil Potash cost advantage in domestic fertiliser market, says CEO Matt Simpson

      June 1, 2025
    • Canada’s Q1 GDP expands by 2.2%, driven by exports spike ahead of potential US tariffs

      June 1, 2025
    • President Trump to host farewell for Elon Musk as DOGE leader steps away

      June 1, 2025
    • UK’s digital banks face divergent fortunes: Starling stumbles, Monzo and Revolut soars

      June 1, 2025
    • Trump wants Apple to shift iPhone production from India to the US: here’s what it means

      May 18, 2025

    Categories

    • Business (3,022)
    • Investing (2,459)
    • Latest News (1,994)
    • Politics (1,530)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved