Resistance

Coin

<ul class="wp-block-list">
 <li>Ali Martinez predicted that if XRP loses $2, a retest of $1.60 is likely.</li>
 <li>XRP has also failed to reclaim the resistance at the 20-EMA of $2.33.</li>
 <li>Pro-XRP lawyer Bill Morgan believes that drawing out the SEC vs. Ripple case will hurt XRP.</li>
</ul>
XRP finds itself in a crucial price band as it hovers around the $2.28 mark (currently trading slightly higher at $2.30). After touching a low of $2.23 in the past 24 hours, XRP is now facing a significant hurdle: the 20-day Exponential Moving Average (EMA) at $2.33, according to <a href="https://coinmarketcap.com/currencies/xrp/" target="_blank" rel="noopener noreferrer nofollow">data</a> from CoinMarketCap.
Crypto analyst Ali Martinez has warned that a price drop below $2 could trigger a significant decline, <a href="https://x.com/ali_charts/status/1902133162177642844" target="_blank" rel="noopener noreferrer nofollow">stating</a>, “Below $2, a gap with no significant support could pull it to $1.60.”
<h2 class="wp-block-heading" id="h-the-2-line-in-the-sand-a-potential-drop-to-1-60">The $2 Line in the Sand: A Potential Drop to $1.60?</h2>
A look at a chart from Glassnode reveals a concerning “air gap” in the UTXO Realized Price Distribution (URPD) between $2 and $1.60. This “air gap” essentially means there hasn’t been much significant buying activity in this price range.&nbsp;
Consequently, if XRP loses its footing at $2, there isn’t much in the way of support to stop a rapid fall to the next major demand zone around $1.60. … 
The post <a href="https://coinedition.com/xrp-price-on-march-20th-can-it-break-through-2-33-resistance-after-recovering-from-2-23-low/" rel="noopener noreferrer nofollow">XRP Price on March 20th: Can it Break Through $2.33 Resistance After Recovering from $2.23 Low?</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

XRP Price on March 20th: Can it Break Through $2.33 Resistance After Recovering from $2.23 Low?

Table of Contents

Coin Edition

Other articles published on Mar 19, 2025

Volatility Shares launching Solana futures ETFs March 20

RWA boom is inevitable, but BSC sell-offs expose crypto risks: pro

Best Cryptos to Join for Long Term: Qubetics Hits 23,400+ Holders as Cardano and Filecoin Price P...

Bitnomial Exchange to Withdraw Lawsuit Against SEC as XRP Futures Launch Nears

Crypto ETF 2.0: How Meme Coins Are Driving the Institutionalization Trend of ETFs Following BTC

Whales Take Notice of This New Crypto Priced at $0.02 as It Targets a 1,500% Surge

Join our free newsletter for daily crypto updates!