XRP Price Analysis

• XRP failed to hold above the VWAP bands and dropped to the critical level of $2.20.
• This $2.20 level is crucial for assessing future support or potential decline.
• Bitcoin’s performance is likely to directly influence XRP’s price movement from the $2.20 level.

Having closely monitored the VWAP bands, significant pressure to maintain price above them has led XRP to retreat to around $2.20. The previous major support level has been compromised, impacting bullish momentum that attempted to hold above these bands.

Source: Dom

As noted by analyst Dom (@traderview2) in a chart from March 9, 2025, the market has entered a critical testing phase with the $2.20 level acting as an important defensive line. Historical responses at this level highlight its significance, and the next few hours are critical in determining if XRP can maintain support at this price.

VWAP Bands: Key Levels That Bulls Couldn’t Hold

The chart illustrates XRP’s failure to stay above the VWAP bands, with the orange lines indicating the 3-month and 1-month VWAP. These bands are vital for identifying the average price weighted by volume over specific periods. Their inability to hold indicates that bulls have lost control over the market.

The 3-month VWAP is at 13.82%, and the 1-month VWAP at 11.6%, illustrating a lack of strength to maintain above these critical levels. As XRP dips to $2.20, traders will watch if this zone can provide sufficient support for the next move.

Election VWAP and Its Impact on XRP’s Situation

The current challenges for XRP are compounded by the Election VWAP, highlighted in Dom’s chart. This VWAP tracks price action around key election-related events, acting as a significant guide for the expected price trajectory as it approaches $2.20.

The coinciding psychological boundary of the Election VWAP solidifies its importance for traders. This combination of indicators presents the potential for both upward and downward movement, contingent on market reactions in the forthcoming hours.