Court Decision Could Send Price to $3 in Next Hours

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  • XRP tests $2.20 resistance: closing above the bearish channel may target $3 if BTC holds gains.
  • XRP risks drop by failure to break the 200-day EMA and SEC woes may trigger bearish reversal.

Recent price movements in major cryptocurrencies have sparked discussions about potential targets for XRP, Bitcoin (BTC), and Ethereum (ETH). XRP, currently trading near $2.20, faces a key test at the upper boundary of a descending price channel.

A volume trade above this level could open a path toward $3, though failure to break higher may result in further consolidation. Technical indicators highlight the 200-day Exponential Moving Average (EMA) as a resistance point; closing above it would signal stronger bullish momentum.

XRPUSDT_2025-03-20_22-49-09
Source: Tradingview

External factors, including ongoing legal developments between Ripple and the U.S. Securities and Exchange Commission, continue to influence XRP’s price. Recent court rulings favoring Ripple have boosted investor confidence, creating upward pressure. Broader market trends also play a role: if Bitcoin and Ethereum maintain their current trajectories, additional capital flow into cryptocurrencies could support XRP’s rise.

BTCUSDT_2025-03-20_22-50-50
Source: Tradingview

Bitcoin recently surpassed its 200-day EMA, marking its largest upward move in 2025. This breach suggests a potential shift in market sentiment after months of downward pressure. However, BTC must clear the 26-day EMA to confirm a trend reversal.

Trading volume during the breakout rose, contrasting with earlier patterns of low volume during price gains. Sustained buying activity will determine whether Bitcoin holds its ground or faces renewed selling near higher resistance levels.

Ethereum reclaimed the $2,000 threshold after a period of decline, supported by increased buying activity. ETHNews data shows large investors borrowed $12 million in USDT to acquire ETH, signaling renewed interest.

ETHUSD_2025-03-20_22-52-47
Source: Tradingview

The next resistance lies between $2,150 and $2,200, a zone where previous sell-offs occurred. A clean break above this range could push ETH toward $2,500, though failure to maintain momentum risks a retreat below $2,000.

While optimism surrounds these assets, risks remain. Market-wide liquidations and unresolved regulatory questions could reintroduce volatility. For now, technical breakthroughs and improved sentiment offer a cautiously positive outlook. XRP’s path to $3 hinges on overcoming immediate barriers, while Bitcoin and Ethereum’s stability may set the tone for broader market movements in the coming weeks.

XRPUSDT_2025-03-20_22-43-57
Source: Tradingview

As of today, XRP is trading at $2.4478, reflecting a 0.47% increase in the past 24 hours. Over the past week, XRP has risen 8.67%, though it has experienced a 4.49% decline over the last month. Despite recent fluctuations, XRP remains one of the strongest performers over the past year, with a 300.75% increase in value.

Technical Analysis & Predictions

  • Short-term (1-2 weeks): XRP is currently showing a buy signal, suggesting potential bullish momentum. Resistance is at $2.50-$2.70, while key support levels are at $2.30-$2.20.
  • Mid-term (1-3 months): If XRP continues its uptrend, it could push toward $3.00-$3.20. However, if selling pressure increases, it may retest $2.10-$2.00.
  • Long-term (6-12 months): Given its historical performance and growing institutional interest, XRP could aim for $3.50-$4.00 if market sentiment remains positive.

XRP remains a highly volatile asset with 1.32% daily volatility, meaning traders should closely monitor price action and market conditions before making investment decisions.





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