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XRP Stabilizes Near Support as Technical Signals Point Toward $2.20 Target

XRP Stabilizes Near Support as Technical Signals Point Toward $2.20 Target

2026-03-13

xrp

XRP is trying to stabilize after weeks of decline. Analysts are suggesting that it may enter a phase before its next big move. The overall trend is still bearish, but some signs are being seen on the charts.

At the time of writing, XRP is trading at $1.37, with a 24-hour trading volume of $3.13 billion and a market capitalization of $83.96 billion, according to market data from CoinMarketCap. Over the last 24 hours, the token has slipped 1.34%.

Source: CoinMarketCap

XRP Stabilizes Near Critical Support

Crypto analyst BitGuru said that XRP is stabilizing near a key support level after weeks of a downtrend. This might be the setup for the next move. While the trend is still bearish, there are signs of weakening selling pressure on the charts.

Source: X

BitGuru reports XRP experiencing a slowdown after a long decline, currently in a tight consolidation near a significant support point. This action can be a sign of a market preparing for the next move as buying and selling pressures equalize.

According to BitGuru, if the demand for XRP increases, the asset may rise rapidly. BitGuru has identified a potential area for a bounce, ranging from $1.88 to $2.20. This shows a consolidation phase, and if buyers dominate, a potential recovery may be witnessed.

XRP Shows Early Bullish Signals

The XRP is currently trading at 1.3725, with an RSI at 44.52, just over the signal line at 42.89. This suggests a small increase in buying activity, but the RSI is still well below 50.

The MA Ribbon indicates price pressure as important moving averages are trading above current levels, which are 20-day at $1.3798, 50-day at $1.5017, 100-day at $1.7518, and 200-day at $2.1765. This indicates that the overall trend is still down, though selling pressure has eased.

Source: TradingView

The MACD indicator is also improving as the MACD line is -0.03516 and is above the signal line at -0.04613. This suggests that the initial bullish pressure may be building up as the pressure lessens.

In addition, the MACD Histogram is also positive at 0.01097. This implies that the pressure of sales is reducing. This is positive and quite encouraging.

Also Read | Polkadot Surges to $1.53: Analysts Eye $7–$10 Rally After ETF Launch

XRP Consolidates Awaiting Market Direction

For now, XRP seems to be consolidating as investors are awaiting further confirmation on its next direction.

Investors are awaiting to see whether increased buying pressures will drive the asset to further resistance levels or whether the overall downtrend will keep containing any short-term gains within the broader cryptocurrency space.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.

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