XRP and XLM Struggle to Recover Despite Holding Key Support Levels
XRP and XLM are currently defending critical support levels, but both assets continue to struggle in their recovery efforts. As of March 21, 2025, XRP is hovering near $0.52, having tested the $0.50 area multiple times over the past week. This level has historically attracted buying interest, making it a crucial zone for XRP's price action.
Meanwhile, Stellar (XLM) is holding above $0.10, with the $0.09, $0.10 range acting as a strong demand zone. A break below this level could trigger further selling, while a bounce could set the stage for a recovery in XLM's price.
The lack of buying momentum and low trading volumes are contributing to the slow recovery pace for both XRP and XLM. The broader crypto market's risk-off sentiment is also weighing on investor confidence, particularly with regard to regulatory uncertainties, such as the ongoing SEC case against Ripple.