- XRP faces strong resistance at $2.60 but needs higher volume for a breakout.
- Support at $2.40-$2.45 holds, but a drop below $2.35 may trigger further losses.
- RSI and MACD show neutral momentum, indicating uncertainty in price direction.
XRP is currently navigating a volatile trading range, with prices moving up and down, making investors nervous. The price has fallen 3.01% in the last 24 hours, settling at around $2.50.
Even with this drop, XRP is showing signs of hanging in there, as buyers try to take back control.
Market Mood & Price Action
XRP’s price hit a daily high of approximately $2.587 before experiencing a sharp drop to $2.40. But, it has bounced back somewhat to $2.50. This suggests that while sellers are pushing down, buyers are jumping in at important support zones to stop things from getting worse.
One thing to note that’s affecting XRP’s price is the spike in trading volume. The 24-hour volume has shot up by 46.45%, reaching $8.57 billion. This jump shows more and more interest, which could cause big price swings soon. Although volume is up, XRP’s market cap has gone down a bit, reflecting the recent price decrease.
Key L…
The post XRP Price Prediction March 8: Bulls vs. Bears at $2.60 & $2.40 — Trader’s Guide appeared first on Coin Edition.
Source: https://coinedition.com/xrp-price-prediction-march-8-bulls-vs-bears-at-2-60-2-40-traders-guide/