XRP price reverses from four-day high as trading volume jumps 71%
XRP holds support at $2.44 as RSI hints at potential rebound.
XRP price briefly surged to a four-day high of $2.505, but the gains were short-lived as the price reversed and erased the rally.
A further 2% decline in the Asian session saw XRP find support at the 0.5 Fibonacci equilibrium level, stabilizing near $2.44 in the European session.
Despite the drop, XRP's RSI remains neutral and has not entered bearish territory. Instead, the indicator redirected towards bullish momentum, suggesting potential upside. The 50 EMA on the four-hour chart is also positioned near the 0.5 Fibonacci level, reinforcing this support zone.
XRP price dynamics (March 2025). Source: TradingView.
XRP price outlook: RSI signals potential upside while 50 ema reinforces support
Recent data from CoinMarketCap shows a 71% surge in XRP’s 24-hour trading volume, reaching $2.98 billion. This sharp increase indicates growing interest and potential long positioning by XRP traders.
Institutional flows into XRP have also turned positive. CoinShares’ latest report revealed that digital asset inflows totaled $644 million last week, breaking a five-week outflow streak. XRP recorded $6.77 million in inflows, reflecting renewed institutional confidence.
With XRP holding above key support and technical indicators pointing towards a possible recovery, the next upside target sits near $2.50. A breakout above this level could open the door for further gains. On the downside, if support at $2.44 fails, XRP may retest lower Fibonacci levels. The increased trading volume and institutional interest suggest that the recent dip may attract buying pressure, keeping XRP in focus for a potential rebound.
Investor confidence in XRP rose after Ripple's SEC case concluded favorably. The price broke out of consolidation, surging 2.5% to a four-day high of $2.465.
