3 reasons XRP might drop to $1.60 in March

Quick Summary:

XRP’s spot and perpetual aggregated data.Source: aggr.tradeHowever, XRP‘s spot and perpetual markets were relatively bearish over the past week.Data from aggr.trade indicates that XRP’s spot cumulative volume delta (CVD) dropped by 50% in March.

XRP price H&S pattern hints at $1.60 retestOn March 11, XRP’s 1-day chart closed below $2.05, which is the critical neckline of the daily head-and-shoulders pattern.

XRP’s open interest-weighted funding rate has also turned significantly negative, which indicates more short positions were added over the past few days.XRP funding rate chart.

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Article Details

Author / Journalist: Cointelegraph by Biraajmaan Tamuly

Category: Crypto

Markets: United States

Topics: Days Bearish Positions March Xrp’s Chart Pattern Distribution Selling Range Spot

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-11 @ 13:45:00 (1 days ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 535 words

Reading Time: 3 minutes read

Sentences: 30 lines

Sentence Length: 18 words per sentence (average)

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Copyright Owner: © Coin Telegraph

News ID: 26909318

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