Altcoin markets are experiencing exciting times. XRP has followed a steady course above $0.62 today, compensating for its decline over the weekend. However, this stabilization occurs in the shadow of events that will take place in the coming days. So, what developments and levels are expected for the XRP price in the coming days?
What Lies Ahead for XRP?
On March 18, the Digital Asset Summit 2024 will bring together leading names in the world of crypto assets. Ripple CEO Brad Garlinghouse and Senior Vice President Markus Infanger will discuss the future of the crypto world.
The XRP Gold Coast conference, scheduled for March 22-24, will be an eagerly awaited event for the XRP and Ripple community. The conference will serve as a platform for sharing vital information about the future of XRP.
In addition to these exciting events, another significant date is approaching on March 22: the deadline for the case between the SEC and Ripple. This date, when the SEC will present its opening summary, holds critical importance for the XRP community. The outcome of the case could be influential in determining the future of the altcoin.
What Awaits XRP Price?
Regarding XRP’s price, a decrease in supply on exchanges and active addresses is observed. This situation signals that there could be a recovery or increase in XRP’s price in the upcoming period.
XRP price has recently gained stability above a certain level, drawing attention. After leaving the $0.57 support behind, the altcoin has settled above $0.62, signaling a potential rise towards the $0.7440 level.
The $0.60 level serves as a psychological reference point for XRP. Similarly, the asset has rebounded several times from the $0.57 level in the past two months, highlighting its significance. Therefore, the XRP price could test the $0.57 or $0.60 support and gain momentum towards the highest level of $0.74.
What’s the Current Trend?
Red bars on the Awesome Oscillator (AO) for XRP suggest a correction is possible, yet the XRP price increase trend remains strong. The Relative Strength Index (RSI) is around 44.61, close to a neutral value, indicating no significant change in the current trend of XRP price.
If the daily candlestick closes above the $0.62 level, it could indicate that the XRP price may rise towards the highest level of March 11 and that the support is strengthening.
