XRP Price Prediction March 11 - What's Different After Crypto Summit?
2025-03-10
After the crypto summit held in the White House on March 7, 2025, it seems there is no phenomenal move in the crypto market. Even XRP is plunged, and can’t break $3.
However, we need to look at the XRP price prediction for tomorrow, March 11, 2025, to consider the impact of the crypto summit.
XRP Price Today
As of March 10, 2025, the price of XRP is exhibiting notable fluctuations, hovering between $2.18 and $2.19.
This volatility follows a recent downturn from higher levels earlier in the month, reflecting both market uncertainty and shifting investor sentiment.
Over the past few days, XRP has witnessed a significant decline, dropping nearly 20% from its recent highs.
However, despite this downward pressure, the cryptocurrency has managed to stabilize above the $2.10 mark, with its current trading price standing at approximately $2.1935.
This stabilization indicates a potential consolidation phase as traders and investors assess the next move in the market.
Read Also: XRP Price Prediction for the Second Week of March 2025
Key Resistance Levels
Technical analysts have identified critical resistance levels that XRP must overcome to regain bullish momentum.
The $2.70 level represents the first major resistance, followed by a stronger barrier at $3.00. Beyond this, the $3.40 mark is considered a crucial threshold, if breached, it could pave the way for a more significant breakout and sustained upward movement.
XRP Price Prediction March 11, 2025
Based on the current market conditions and recent price movements, XRP is likely to experience continued volatility on March 11, 2025.
However, the overall trend suggests a potential range-bound consolidation with possible attempts to break key resistance levels.
Technical Analysis Outlook
Current Price Range: $2.18 – $2.19
Support Levels: $2.10 (short-term), $2.00 (major support)
Resistance Levels: $2.25 (minor resistance), $2.40 (major resistance)
Given that XRP has stabilized above $2.10 after a sharp 20% decline, it is expected to trade within a narrow range of $2.15 to $2.25 on March 11, 2025.
However, a break above $2.25 could push it toward the $2.40 resistance level, while a failure to hold above $2.10 may lead to a retest of $2.00.
Expected Price Range for March 11, 2025
Bullish Scenario: If buying momentum increases, XRP could test $2.25 and potentially push toward $2.30.
Neutral Scenario: If XRP consolidates, it may trade between $2.15 and $2.22.
Bearish Scenario: If market sentiment worsens, XRP could retest support at $2.10 or drop to $2.05.
For March 11, 2025, XRP is likely to trade within the range of $2.12 to $2.25, with potential for a mild recovery if demand strengthens.
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White House Crypto Summit Impact to XRP Price
The White House Crypto Summit on March 7, 2025, had a significant impact on XRP's price movement, initially driving a surge but ultimately leading to a sharp plunge.
President Donald Trump's announcement about a strategic crypto reserve that could potentially include XRP initially fueled optimism, pushing its price to a weekly high of $2.98.
However, following the summit, White House officials clarified that the cryptocurrencies mentioned were only examples, not confirmed assets for the reserve. This dampened market expectations, causing XRP to plunge approximately 3.5%, dropping to $2.41.
As of March 10, 2025, XRP has continued to decline, now trading around $2.19, reflecting the market’s disappointment and correction after the summit's outcome.
While institutional demand remains, the broader sentiment has turned bearish, leading traders to reassess XRP’s short-term trajectory.
Final Note
The White House Crypto Summit on March 7, 2025, initially created bullish momentum for XRP, pushing its price to a weekly high of $2.98 following President Donald Trump’s statement about a potential U.S. strategic crypto reserve.
However, subsequent clarifications from White House officials, stating that the mentioned cryptocurrencies were only examples and not confirmed reserve assets, led to a sharp market correction.
This triggered a plunge in XRP’s price, which fell approximately 3.5% to $2.41, and continued its downward trend, now trading around $2.19 as of March 10, 2025.
Looking ahead to March 11, 2025, XRP’s price will likely remain under pressure as the market continues to digest the summit's impact. Key factors to watch include:
Short-Term Bearish Sentiment – The disappointment following the summit has weakened investor confidence, and without a new catalyst, XRP may struggle to gain momentum.
Technical Support at $2.10 – If selling pressure continues, XRP may test this level. However, a break below $2.10 could trigger further downside, possibly toward $2.05.
Potential for a Rebound – If institutional accumulation resumes or broader crypto sentiment improves, XRP could attempt a short-term recovery toward $2.25-$2.30.
XRP’s price trajectory remains uncertain, with the impact of the White House Crypto Summit still weighing on the market. The upcoming trading sessions will be crucial in determining whether XRP stabilizes, rebounds, or continues its downward trend.
FAQ
1. Why did XRP’s price plunge after the White House Crypto Summit?
XRP initially surged to $2.98 after President Donald Trump announced a strategic crypto reserve that could potentially include XRP. However, White House officials later clarified that XRP was only an example, not a confirmed reserve asset. This dampened investor sentiment, causing a sharp decline of approximately 3.5%, bringing XRP down to $2.41 and later stabilizing around $2.19 on March 10, 2025.
2. What is the short-term price prediction for XRP on March 11, 2025?
XRP is expected to trade between $2.12 and $2.25 on March 11, 2025. If selling pressure increases, XRP could drop toward $2.10 or even $2.05. However, if institutional investors step in, a rebound to $2.25-$2.30 is possible.
3. What key resistance and support levels should traders watch?
Support Levels: $2.10 (major support), $2.05 (critical breakdown level).
Resistance Levels: $2.25 (short-term resistance), $2.40 (strong barrier for recovery).
If XRP breaks below $2.10, further downside is likely. If it pushes above $2.25, a short-term recovery may occur.
4. How did institutional investors react to the White House Crypto Summit?
Despite short-term bearish sentiment, institutional demand remains strong, with some large investors accumulating XRP at lower levels. However, the lack of an official U.S. endorsement for XRP has led to cautious trading.
5. What external factors could influence XRP’s price in the coming days?
Macroeconomic conditions, such as capital outflows and bond yield fluctuations, could impact crypto sentiment.
Regulatory developments, particularly Ripple vs. SEC news, may drive volatility.
Bitcoin and Ethereum trends—if the broader market recovers, XRP could follow suit.
Disclaimer: The content of this article does not constitute financial or investment advice.
