XRP Price Plunges 4% as Active Addresses Hit New ATH – Can Bulls Reclaim the $3 Level?

Highlights:

• XRP price plunges 4% to $2.38 as trading volume slips 60%.
• Active addresses have spiked to 627,000, the highest last seen in April 2023.
• Technical indicators uphold a bullish outlook, can XRP reclaim the $3 mark?

The XRP price has plunged 4% to $2.38, as daily trading volume drops 60% to $4.21B. This indicates a fall in market activity. Meanwhile, the SEC recently dropped its appeal against Ripple, removing a major legal hurdle. The talks of an XRP ETF and even a Ripple IPO are gaining traction, which may stir a rally soon.

Moreover, Ripple CEO Brad Garlinghouse recently suggested XRP could be part of a US crypto reserve, citing Trump’s March executive order on digital asset stockpiling. Could this be the next game-changer? Meanwhile, whales are still buying XRP as the Ripple tokens network lights up. Nearly 627,000 active addresses have been created, the highest since April 2023. 

$XRP network lights up! Nearly 627,000 active addresses. The most since April 2023. pic.twitter.com/hhmltkcIRy

— Ali (@ali_charts) March 21, 2025

With XRP expanding its banking partnerships, improving regulatory clarity, and increasing institutional interest, can XRP price beach the $3 mark? Let’s dive into the technical part and decrypt more. 

XRP Price Outlook

XRP price is at a crossroads, trading at $2.38, indicating a 4% surge in a day, as the market hesitates between continuation and reversal. Currently, XRP is trading at $2.38, slightly above its recent high of $2.54, suggesting a cooling-off momentum among buyers.

However, the price is still struggling below the 50-day MA ($2.45) despite the 200-day MA acting as immediate support at the $1.70 mark, suggesting a tug-of-war between the bulls and the bears. XRP needs to break above the $2.45 mark for a potential shift in momentum, which is currently acting as a dynamic resistance level.

On the other hand, without a clear shift in trend, downside risks remain. Key support levels rest at $2.27, followed by $1.70 and a deeper cushion at $1.33. A slip below these could accelerate the decline, dragging XRP toward the critical $1.07 mark, where buyers may attempt to regain control.

Looking at the daily chart, if the XRP price manages to push above the 50-day, a bullish momentum could build toward the $2.97 resistance zone. A successful breakout beyond this level may confirm a trend reversal, potentially driving the Ripple token toward the $3.15, 3.40, and $4 resistance levels.

Additionally, the recent fall in trading volume suggests decreased market activity, indicating a possible change in sentiment. However, caution is warranted until XRP breaks key resistance levels, as the bearish structure remains intact.

Technical Indicators Show Potential Upside in the XRP Market

A closer look at the technical indicators, including the RSI, shows that the buying pressure is decreasing. Its position below the 50-mean level at 49 shows somewhat neutral momentum. However, if the bulls gain strength at this level, a potential upside to the 70-overbought territory is plausible.

Notably, the MACD indicator upholds a buy signal, as the blue MACD line has flipped above the orange signal line. This calls for traders and investors to rally behind XRP unless the MACD changes. Meanwhile, without renewed buying pressure and a rising RSI, the weight of recent downtrends may continue to limit its ascent. The sessions will determine whether the XRP price finds strength or succumbs to further retracement.