<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
Buyers are still powerful despite sellers' pressure, according to <a href="https://u.today/ethereum-eth-price-prediction-for-march-15" rel="noopener noreferrer nofollow">CoinStats</a>. <img data-entity-type="file" data-entity-uuid="6ece8fd0-5888-4071-9011-841ad3118860" src="https://u.today/sites/default/files/inline-images/top10_997.png">XRP chart by&nbsp;<a href="https://coinstats.app/coins/" rel="noopener noreferrer nofollow">CoinStats</a>
<h2 class="text-align-justify" id="xrp-usd">XRP/USD</h2>
The rate of XRP has fallen by 0.29% since yesterday. <img data-entity-type="file" data-entity-uuid="46289e48-3f1f-4fa5-b160-b533ce9dc073" src="https://u.today/sites/default/files/inline-images/xrp1_135.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/XRPUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly chart, the price of XRP is also bearish as it is trading near the local support of $0.6222. If no bounce back happens by the end of the day, the correction may continue to the $0.61 zone soon. <img data-entity-type="file" data-entity-uuid="2c45e506-0e58-49a0-8387-5b98167daccf" src="https://u.today/sites/default/files/inline-images/xrp2_130.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/XRPUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the bigger time frame, sellers are also more powerful than buyers. If bulls lose the vital zone of $0.60, there is a possibility of a test of the $0.55-$0.58 area the upcoming week. <img data-entity-type="file" data-entity-uuid="2f1d4d00-acb4-4aaf-aa16-5cdb66110828" src="https://u.today/sites/default/files/inline-images/xrp3_124.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/XRPUSDT" rel="noopener noreferrer nofollow">TradingView</a>
From the midterm point of view, sideways trading remains the more likely scenario as neither side has accumulated enough energy for a further sharp move.
In this regard, traders may witness consolidation between $0.60 and $0.65 soon.
XRP is trading at $0.6244 at press time.

XRP Price Prediction for March 16

Table of Contents

U_Today

Other articles published on Mar 16, 2024

Kelexo (KLXO) Lending Platform Gains Momentum Among Avalanche & Tether Investors

Ethereum and Altcoins Prepare for a MASSIVE Rally! Best Picks According to Experts

Crypto expert weighs Dogecoin’s potential role in reviving mainstream interest in crypto

Financial Revolution Awaits with Top Altcoins

Crypto Altcoins Rally as Bitcoin Retreats

Bitcoin Technical Analysis: $67K to $100K Milestone

Join our free newsletter for daily crypto updates!