CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino
Coin Edition 2025-03-19 06:00:00

XRP Price on March 20th: Can it Break Through $2.33 Resistance After Recovering from $2.23 Low?

Ali Martinez predicted that if XRP loses $2, a retest of $1.60 is likely. XRP has also failed to reclaim the resistance at the 20-EMA of $2.33. Pro-XRP lawyer Bill Morgan believes that drawing out the SEC vs. Ripple case will hurt XRP. XRP finds itself in a crucial price band as it hovers around the $2.28 mark (currently trading slightly higher at $2.30). After touching a low of $2.23 in the past 24 hours, XRP is now facing a significant hurdle: the 20-day Exponential Moving Average (EMA) at $2.33, according to data from CoinMarketCap. Crypto analyst Ali Martinez has warned that a price drop below $2 could trigger a significant decline, stating , “ Below $2, a gap with no significant support could pull it to $1.60 .” The $2 Line in the Sand: A Potential Drop to $1.60? A look at a chart from Glassnode reveals a concerning “air gap” in the UTXO Realized Price Distribution (URPD) between $2 and $1.60. This “air gap” essentially means there hasn’t been much significant buying activity in this price range. Consequently, if XRP loses its footing at $2, there isn’t much in the way of support to stop a rapid fall to the next major demand zone around $1.60. … The post XRP Price on March 20th: Can it Break Through $2.33 Resistance After Recovering from $2.23 Low? appeared first on Coin Edition .

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.