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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/ripples-xrp-battles-price-volatility-while-eyeing-key-support-levels/" data-wpel-link="internal">Ripple’s XRP Battles Price Volatility While Eyeing Key Support Levels</a> 
Ripple (XRP) continues to exhibit notable movements among high market-cap <a href="https://en.coin-turk.com/sushi-sees-surge-in-price-and-trading-volume-will-the-rally-continue/" data-wpel-link="internal">altcoins</a>. Over the past 24 hours, XRP surged by 34% but then faced a subsequent decline of 18.79%. This high volatility generates uncertainty among traders, with the price striving to stay above the critical $2 level. A breakdown below this support could risk a drop to $1.50, yet whale purchases and increasing exchange outflows may bolster XRP’s strength. 
<h2 style="text-align: justify" id="strong-significant-support-zone-for-xrp-strong">Significant Support Zone for XRP</h2> 
XRP maintains its gains substantially post-2024 U.S. presidential elections, unlike other altcoins. Long-term holders are supporting a price above $2. Daily charts indicate that the $2 mark offers robust support. However, a 50% drop in active wallet numbers suggests market participants are remaining cautious. 
<figure id="attachment_441098" aria-describedby="caption-attachment-441098" style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-441098" src="https://coin-turk.com/wp-content/uploads/2025/03/XRP-Coin-Fiyat-Grafigi-scaled.jpg" alt="" width="2560" height="1015">
 <figcaption id="caption-attachment-441098" class="wp-caption-text">
 XRP Coin Price Chart
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</figure> 
Technical indicators reveal a rising selling pressure, with the MACD showing a downward trend and market sentiment remaining weak. Nonetheless, whale wallets continue accumulating XRP. In the past week, wallets holding between 100 million and 1 billion XRP have collectively acquired 2 billion units, a significant factor countering selling pressure. 
Additionally, there has been a notable withdrawal of 99 million XRP from exchanges, representing a 94.12% increase compared to the previous day. This trend of moving XRP off exchanges indicates a shift towards long-term holding rather than selling. 
<h2 style="text-align: justify" id="strong-can-xrp-maintain-above-2-strong">Can XRP Maintain Above $2?</h2> 
For XRP to sustain the $2 level, both technical and fundamental indicators need to align positively. Currently, a breakdown below this support appears unlikely, primarily due to strong retail investor inflows and increased whale buying activity. 
Conversely, there is a noticeable rise in short positions within the futures market. However, this situation could trigger a “short squeeze,” leading to a rapid increase in XRP’s price. Thus, current levels are viewed as an opportunity for long-term investors. 
The post <a href="https://en.coin-turk.com/ripples-xrp-battles-price-volatility-while-eyeing-key-support-levels/" data-wpel-link="internal">Ripple’s XRP Battles Price Volatility While Eyeing Key Support Levels</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Ripple’s XRP Battles Price Volatility While Eyeing Key Support Levels

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