XRP has been experiencing a period of volatility recently, and as of March 22, the cryptocurrency is showing a slight downturn. Currently trading at $2.39, XRP is down by more than 1%, continuing to face broader bearish pressures. Despite occasional short-term bullish movements, the overall trend remains down, with the price continuing to show a larger bearish divergence on its 3-day chart.

Short-Term Bullish Moves Amid Larger Bearish Trend

While XRP has shown some short-term bullish movements recently, such as breaking above key resistance levels and briefly flipping them into support, the broader market trend still leans toward the downside. Analyst Josh from Crypto World notes that these bullish moves have brought hope to traders, allowing XRP to briefly hold above important support zones. However, these movements have been fleeting, and they have not yet reversed the larger bearish trend that’s been ongoing for months.

Despite the occasional positive price action, larger bullish momentum seems unlikely in the near future, given the continued presence of bearish divergence. This suggests that, while there may be short-term rallies, XRP is unlikely to experience any significant upward movements without a major catalyst.

Key Support and Resistance Levels for XRP

For traders, it’s important to monitor the key support and resistance levels for XRP, which will provide an indication of its next potential moves. Currently, XRP has strong support between $2.24 and $2.30. This range has proven resilient in the past and may act as a buffer for any short-term price drops. A more significant support zone exists between $1.95 and $2.50, providing additional support in the event of further downward pressure.

On the other hand, XRP’s resistance levels are seen at $2.60 to $2.65, with another resistance zone near the $2.80 mark. The $3 mark is a critical level of resistance, and a move above this level could signal a potential breakout to the upside. However, with the larger bearish divergence still in play, it’s unlikely that XRP will be able to break through these levels without significant market momentum behind it.

Sideways Price Action Likely to Continue

XRP’s price has mostly moved sideways in recent weeks, fluctuating between these key support and resistance zones. This type of price action is typical when there is a lack of clear directional momentum. With the broader bearish divergence still in play, it’s likely that XRP will continue to trade within this range until more definitive market signals emerge.

Investors should be prepared for a continued period of consolidation in the short term, with the price likely staying within the $2.24–$2.80 range unless there is a sudden catalyst, such as a market-wide rally or news affecting the broader crypto market.

Long-Term Outlook: Waiting for a Breakout

The long-term outlook for XRP remains uncertain, with many market analysts predicting that XRP could experience a final bullish surge before a more significant downtrend. However, this will depend on broader market conditions and the resolution of external factors, such as the ongoing lawsuit between Ripple and the SEC.

Some believe that XRP might experience one last euphoric surge before the market resumes its corrective phase. Given the current market structure, it’s likely that XRP will need to break out of its sideways movement before any substantial price action can occur. Traders will need to stay vigilant for a potential breakout or continued consolidation as market sentiment evolves.

Conclusion: A Market at Crossroads

In summary, XRP’s price is stuck in a range, fluctuating between key support and resistance levels. While there may be short-term bullish opportunities, the larger bearish trend continues to dominate the market. Until a clear breakout catalyst emerges, XRP is expected to continue its sideways price action, and traders should be prepared for potential range-bound movements. The broader outlook for XRP remains uncertain, with market participants waiting for the next catalyst that could determine the future trajectory of the coin.