When is the Right Time to Buy XRP? Here's the XRP Price Analysis!

Bittime - XRP price is currently at a crucial point because the pressure from bulls and bears is getting tighter. The entry of XRP into the crypto strategic reserve is considered to strengthen the price of this asset. 

So, when is the right time to buy XRP? Read this article for the following XRP price analysis.

XRP Price Today

Source: Bittime.com

According to the Bittime market, today's XRP price rose 5.05% within 24 hours and was trading at $2.5092 when this article was written.

XRP price briefly passed the resistance levels at $2.27 and $2.89. However, as the price approached $3, the selling pressure from the bears grew stronger, leading to rejection and a price correction of more than 20%.

Currently, bulls are buying XRP to push the price back up above the previous closing level, but the selling pressure is still quite large, which is keeping the XRP price stuck below $2.35.

Read Also: XRP Price Prediction Today March 6 

Pressure of Sell and Buy XRP

After breaking through the lower highs and lower lows pattern, XRP returned to the same pattern due to price rejection. 

This shows that bears still have control over XRP price movements, which could potentially give rise to a bearish signal for XRP.

However, if XRP enters the demand zone and many buy XRP, there will likely be a surge in liquidity that could help the XRP price break through the $2.8 level. 

Even so, technical indicators show a bearish trend leading to a lower price target, which is between $2 to $1.96.

Technical Analysis Before Buy XRP

On the daily chart, bulls buying XRP appear to be trying to defend the support level at $2,272, but bears appear to be preparing for greater price action. 

XRP price is now at the bottom of the Gaussian channel, which has turned bearish. If the price falls below this range, it could be a signal that the price is about to reach its lowest point.

Apart from that, the MACD indicator also shows a bearish signal. After experiencing a slight increase, MACD is back in the negative zone and has the potential to experience a bearish crossover in the near future. If this happens, selling pressure could increase further.

Read Also: XRP Price Prediction to Increase in 2025, Here's the Reason! 

XRP Price Movement Prediction

Overall, XRP price is still under heavy bearish pressure. There is a possibility that the price will fall to the $2 level or even lower if the bears continue to dominate the market. 

However, if the price manages to break $2.5, the sell-off could be temporarily delayed, and XRP buying could increase. A rise above $2.8 could be the key to removing the bearish pressure and opening up further upside opportunities.

Meanwhile, there are external factors that can influence the price of XRP, one of which is the development of the SEC lawsuit against Ripple. Some analysts and XRP supporters believe that this case could end in the next few months. 

If there is a favorable resolution for Ripple, then the price of XRP could experience a stronger rally.

When is the Right Time to Buy XRP?

If you are looking for an opportunity to buy XRP, then it is important to pay attention to the key support level around $2. If the price drops to this level and there are signs of recovery, it could be a good moment to enter. 

However, if the XRP price continues to weaken and breaks $1.96, then there is a risk of further downside.

Conversely, if XRP is able to sustain above $2.5 and starts showing bullish momentum, this could be a positive signal for potential further upside. 

So, is this the right time to buy XRP? It depends on individual investment strategies and risk tolerance. Make sure to always do analysis before making a decision!

Read Also: Ripple Plans to Launch XRP Depository Receipts, What Are They? 

XRP FAQs

What is XRP and what is its use?

XRP is a digital asset created by Ripple Labs and designed to facilitate cross-border payments. XRP blockchain technology enables transactions in just a few seconds with very low fees making it ideal for international money transfers and micropayments.

What is the Difference Between XRP and Other Cryptocurrencies Like Bitcoin?

XRP supports a cross-border payment system with a focus on speed and cost efficiency, different from Bitcoin which functions more as a store of value and investment tool. In addition, XRP uses a consensus mechanism that does not require mining so it is more energy efficient.

How much is 1 XRP USD?

Currently, 1 XRP is worth $2.25. 

How to Buy Crypto with Bittime

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Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!

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Additionally, visit Bittime Blog to get various interesting updates and educational information about the world of crypto. Find trusted articles about Web3, blockchain technology, and digital asset investment tips designed to enrich your knowledge in the world of crypto.

Reference

Coinpedia, XRP Price at a Crucial Juncture as Bulls & Bears Fight Hard for Supremacy, accessed March 5, 2025.

Coinmarketcap, Coinmarketcap XRP Currency, accessed March 5, 2025.

Author: IPR