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XRP Price Analysis for March 12

Sun, 03/12/2023 - 12:50
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Denys Serhiichuk
Is XRP ready for local growth?
XRP Price Analysis for March 12
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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The last day of the week is bullish for the cryptocurrency market.

Top coins by CoinMarketCap


The rate of XRP has almost not changed since yesterday. Over the last week, the price has declined by 2.37%.

XRP/USD chart by TradingView

On the hourly chart, the price of XRP might have found the local support level at $0.3603. However, the altcoin has not accumulated enough energy yet to rise to the resistance.

BTC, ETH and XRP Price Analysis for March 11

In this case, the more likely scenario is sideways trading in the area of $0.3640 until the end of the day.

XRP/USD chart by TradingView

On the daily time frame, the situation is still looking bearish as the price is slowly approaching the support at $0.3546. If buyers lose the $0.36 mark, the breakout may be a prerequisite for a sharp drop to the $0.34-$0.35 zone.

XRP/USD chart by TradingView

From the midterm point of view, the rate of XRP has bounced off the $0.40 mark, confirming bears' pressure. In this regard, the more likely scenario is an ongoing decline to the $0.34 zone until the end of the month.

XRP is trading at $0.3613 at press time.

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About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at