XRP Could Face Potential Volatility in March, Suggests This Historic Performance

Amid the ebbs and flows of the cryptocurrency market, XRP stands at a crossroads as it struggles to keep up with the surging momentum seen in the broader digital asset landscape. As the month comes to a close, XRP’s historical patterns suggest a roller coaster of volatility could be ahead.

historical march performance

In the last 24 hours, XRP has seen its price rise by 4.8%, driven by positive trends within the cryptocurrency market. This represents a modest 5% increase for the month, but all eyes are now on March, a historically important month for XRP investors.

Looking at trading data over the past three years, March has historically been a profitable month for XRP, with gains of 37%, 4%, and 43%. This trend, combined with the average historical return of 21% in March, could lead investors to flock to the asset.

It is worth noting that the -23% return in March was largely driven by the widespread market sell-off due to the COVID-19 pandemic. For many market participants, March 12, 2020 remains an unforgettable day as Bitcoin fell to $4,000 in two days, losing as much as 50% of its value. In the same month, XRP hit an all-time low of $0.175.

End of March: A turning point?

Despite the historic decline during the March halving, positive returns over the past three years could turn the tide in favor of XRP bulls. The overall bullish state of the cryptocurrency market is adding weight to the possibility that XRP will not decline significantly in the coming month.

However, as cryptocurrency markets are known for their unpredictability, the XRP rally will need to be in sync with the broader market momentum to ensure a favorable March. The stakes are high, with the potential to impact XRP’s journey towards the coveted $1 by the end of the year.