Digital asset investment products saw $240 million in outflows last week, marking a sharp reversal in sentiment. Bitcoin-based products accounted for most of these losses, registering $207 million in outflows, according to CoinShares’ latest weekly report. Despite recent volatility, Bitcoin’s year-to-date inflows remain strong at $1.3 billion. Why outflows? CoinShares explained that the crypto outflows […]
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Macroeconomic uncertainty, including a global tariff war, is impacting markets, with bitcoin trading under $79,000 and major tokens down 14%.
XRP price started a fresh decline below the $2.00 zone. The price is now consolidating and might face hurdles near the $1.880 level. XRP price started a fresh decline below the $2.00 and $1.880 levels. The price is now trading below $1.850 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support at $2.120 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might extend losses if it fails to stay above the $1.80 zone. XRP Price Dips Sharply XRP price failed to settle above the $2.050 level and started a fresh decline, like Bitcoin and Ethereum. The price declined below the $2.00 and $1.950 support levels. There was a break below a connecting bullish trend line with support at $2.120 on the hourly chart of the XRP/USD pair. There was a move above the $1.880 and $1.80 levels. The price even declined below the $1.820 level. A low was formed at $1.797 and the price is now consolidating losses. The price is now trading below $1.850 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $1.850 level. The first major resistance is near the $1.880 level. It is near the 23.6% Fib retracement level of the downward move from the $2.168 swing high to the $1.797 low. The next resistance is $1.950. A clear move above the $1.950 resistance might send the price toward the $2.00 resistance or the 61.8% Fib retracement level of the downward move from the $2.168 swing high to the $1.797 low. Any more gains might send the price toward the $2.050 resistance or even $2.0650 in the near term. The next major hurdle for the bulls might be $2.120. Another Decline? If XRP fails to clear the $1.880 resistance zone, it could start another decline. Initial support on the downside is near the $1.80 level. The next major support is near the $1.7650 level. If there is a downside break and a close below the $1.7650 level, the price might continue to decline toward the $1.720 support. The next major support sits near the $1.650 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $1.80 and $1.7650. Major Resistance Levels – $1.850 and $1.880.
A Korean financial analyst who uses the name XForceGlobal has made bold claims about XRP’s future price, stating the cryptocurrency could reach between $10 and $20 in the coming months. The confident prediction comes even as XRP currently trades at $2.07 and the broader cryptocurrency market struggles through a prolonged downtrend. Related Reading: Ethereum Slips Below Triangle—Is A $1,600 Crash Next? XRP Shows Unusual Strength Amid Crypto Slump While XRP has dropped more than 5% over the past few weeks, this decline is significantly less severe than what other major cryptocurrencies have experienced. According to the report, top cryptocurrencies like Ethereum have fallen by over 40% in the last three months. Similar sharp drops have hit other popular coins such as Solana and Dogecoin. XForceGlobal, who describes himself as a Certified Elliott Wave Analyst, pointed out that XRP has maintained its position above recent lows while competing cryptocurrencies have plummeted between 45% and 65% from their peaks. This relative stability forms the foundation of his optimistic outlook. I agree 100%, this is just showing that the possibility being there is just telling us how XRP is in its own league even for just wave counts! — XForceGlobal (@XForceGlobal) April 2, 2025 Elliott Wave Analysis Points To Massive Gains The analyst’s forecast is based greatly on Elliott Wave theory, a technical analysis technique which tries to predict market action by finding repeating wave patterns. On the basis of his recognition of a 5-wave pattern, XForceGlobal has consistently predicted that XRP will hit $20 to $40 this year or next. Trillion-Dollar Valuation Projections Questioned By Critics Many market observers remain skeptical of such ambitious price targets. For XRP to reach $10, it would need to surge over 370% from its current price. A move to $20 would require an even more dramatic 850% increase. At such prices, XRP’s market capitalization would be around $1 trillion at the $10 level and $2 trillion at $20. Such valuations would be a first for an alternative currency and are the reasons why many analysts believe such forecasts are unrealistic, at least in the short term. Source: CoinGlass CoinGlass: Trading Interest Grows Despite Market Uncertainty In spite of the continued argument regarding the future of XRP, statistics by CoinGlass indicate increasing interest in the cryptocurrency. Open interest on XRP trades has risen to $3.60 billion over the past few days, reports indicate. This increase indicates that traders are opening positions in the asset irrespective of the direction of the market. I will be laughing at everyone who said $XRP can never hit $10-20. — XForceGlobal (@XForceGlobal) April 2, 2025 When asked for the timeline of his price forecast, XForceGlobal was not as definite, indicating that it may take a while before XRP gets to the forecasted $10-20 mark. Related Reading: XRP Breakout Alert! Could This Surge Send The Altcoin To $3? Nevertheless, the analyst was confident enough with his technical analysis to assert he would “be laughing at everyone” who are skeptical about XRP’s ability to hit these price levels. With XRP’s year-to-date gains dwindling to mere 0.80%, wiping out all gains since the beginning of 2025, the question is if XForceGlobal’s lofty predictions will materialize or become part of the long list of failed cryptocurrency price projections. Featured image from Gemini Imagen, chart from TradingView
Renowned market analyst Egrag Crypto has shared another puzzling XRP price prediction stating the altcoin is at a major technical crossroads. This development follows a resilient price performance in the past week during which XRP gained by 2.07% as the broader crypto market stands bullish despite the announcement of new US trade tariffs. Related Reading: Cardano (ADA) At A Crossroads As Fibonacci Level Indicates Potential Fall To $0.42 Ascending Wedge Signals Incoming Volatility — Which Way Will XRP Break? In an X post on April 5, Egrag Crypto issued a dual price forecast on the XRP market based on the potential implications of a forming Ascending Broadening Wedge pattern. Also known as the megaphone pattern, the chart formation signals increasing volatility and investor indecisions. It looks like a widening triangle with two diverging trendlines, as seen in the chart below. The Ascending Broadening Wedge presents high unpredictability and offers a 70% chance of a downside breakout and a 30% probability of an upside breakout. However, despite this statistical bias, the analyst postulates the chances of an upside remain valid if certain conditions are met. According to the analyst, XRP must first close above $3.50 for a bullish scenario to start taking shape. In doing so, the altcoin would surpass the local peak of the current bull cycle and confirm intentions of an upward momentum. Following this move, XRP bulls should then aim for the $5 range—another key resistance level that could determine the asset’s next major move. Interestingly, Egrag explains that a failure to convincingly close above $5 would only be a critical development that completes the formation of the Ascending Wedge Pattern and increases the likelihood of a breakout. If this rejection occurs, XRP is expected to retest the $1.90 area and make a second push toward the $5, this time breaking through and closing above $6. Egrag states the breakout above $6 would validate the bullish run and likely spark a surge toward double-digit territory with a potential target at $17.50 based on the Ascending Wedge Pattern. However, should XRP bulls fail to meet these conditions or follow this sequence, the historical 70% chance of a breakdown points to a downside target of around $0.65. Related Reading: Ethereum, Solana And Cardano Trend After Crypto Crash – Here’s What You Should Know XRP Price Overview At the time of writing, XRP trades at $2.14 reflecting a price gain of 0.60% in the past day. Meanwhile, the token’s trading volume is down by 62.92% in the past day indicating a fall in market engagement and a declining buying pressure following the recent market gain. In making any significant uptrend, XRP bulls must first reclaim the following resistances at $2.47 and $2.61 while avoiding any slip below the $2 support zone. Featured image from Outlook Business, chart from Tradingview
Prominent market analyst and XRP enthusiast Egrag Crypto has rolled out a robust bullish prediction for the XRP market. Amid recent gains, Egrag Crypto postulates that XRP could surge to around $5 but not without resistance at certain price levels. At press time, the popular altcoin continues to trade around $2.12 reflecting a 3.99% gain in the past day amid a widespread price bounce in the crypto market. Related Reading: Shiba Inu’s Shibarium Marks 1 Billion Transactions Milestone, But Why Is SHIB Price Still Struggling? Fibonacci Levels Reveal $2.70 As Key To Major XRP Rally – Details In an X post on Friday, Egrag shares a positive technical outlook on the XRP market suggesting a potential massive price rally. This projected bullish run comes in multiple phases each barred by the clearance of a new resistance level. To show any signs of a price uptrend, the market analyst states that XRP bulls must first reclaim the $2.24 price level which aligns with the 21-day exponential moving average – a key trend indicator. Egrag explains that a daily close above this level would show sufficient base demand to kickstart a price recovery. Thereafter, another successful XRP daily price close above $2.30 would solidify bullish intent signaling a stronger upside continuation. This is because this price level represents the Fib. 0.382, which is a key retracement zone in technical analysis and typically acts as a resistance in a downtrend and support in an uptrend. Moving on, the next crucial resistance lies at $2.47 which aligns with Fib. 0.5. A convincing breakout above this price resistance zone would further increase the potential of a sustained uptrend. However, the strongest signal for a major rally and a new all-time high price will come only after XRP closes above $2.70 which coincides with both the yellow resistance line and the Fib. 0.618. Interestingly, Fib. 0.618, known as the golden ratio, is considered another important Fibonacci level that acts as support in an uptrend, and failure to break past which could signal a price reversal and halt the uptrend. However, if XRP successfully surpasses the listed resistance zones, Egrag forecasts a potential surge to $5.00 at Fib. 1.618, representing a 133% gain from the current market price and signaling strong potential for new price discovery. Related Reading: Is The Solana Bottom In? Experts Answer XRP Price Overview As earlier stated, XRP currently trades around $2.12 following the minor gains in the past day. Based on the daily trading chart, the altcoin remains far below its 100-day simple moving average suggesting a dominant bearish force. However, the Relative Strength Index (RSI) which stands at 42.69 moving upward, signals the potential for more price growth before a possible reversal. With a market cap of $123.06 billion, XRP continues to rank as the fourth largest cryptocurrency. Featured image from EXMO, chart from Tradingview
A crypto analyst has shared insights into the recent strength in the XRP price, suggesting that South Korea may be the reason behind it. The analyst noted that the altcoin has been seeing high trading volume on South Korean exchanges, and this localized demand may be holding up its price while other altcoins struggle to gain traction. How South Korea Is Bolstering The Price According to XForceGlobal South Korea is currently one of the major drivers of the XRP price action. In a recent post on X (formerly Twitter), the analyst disclosed that the engagement and adoption from the crypto users in South Korea was a major contributor to XRP’s bullish performance. Related Reading: Analyst Unveils Extended XRP Price Target To $44, Reveals When To Take Profits Currently, South Korea is one of the most active crypto markets in the world, leading in global trading volume across multiple assets. However, among the numerous cryptocurrencies in the market, XRP stands out the most within the country. The analyst has revealed that even during low trading days, XRP frequently outpaces Bitcoin, underscoring its high demand and adoption in South Korea. XForceGlobal has suggested that South Korea’s notable interest in XRP likely stems from its status as one of the most isolated countries in terms of crypto regulations. The analyst revealed that millions of citizens currently own the altcoin, making up about 20% of the cryptocurrency’s market cap valuation. Moreover, due to a lack of large-scale cross-border payment solutions, most South Koreans opt to use cryptocurrencies like XRP to facilitate transactions. This, in turn, fuels adoption and strengthens the cryptocurrency’s utility, which positively influences its price action. Compared to South Korea, the regulatory uncertainties and legal challenges in the United States (US) have slowed down XRP’s growth. XForceGlobal has stated that the active participation of retail institutions, strong community support, and early adoption in South Korea have helped prop up prices despite the difficulties it faced over the past years. What The Future Holds For XRP In South Korea While discussing the impact of South Korea’s support for XRP on its price action, XForceGlobal offered insights into the cryptocurrency’s future in the country. The analyst revealed that the market is at a pivotal moment where XRP has evolved from a speculative asset to a symbol of Korea’s dominance in the crypto market. Related Reading: XRP Flashes Descending Trendline, Why A Surge To $4 Is Still In The Cards Currently, Upbit, the largest crypto exchange in South Korea, holds the most significant market share of XRP in terms of total supply. The exchange reportedly has about 6 billion XRP, accounting for roughly 5% of the entire supply. XForceGlobal has revealed that the continued demand from retail investors combined with Upbit’s massive XRP reserve will make South Korea a key driver to the cryptocurrency’s global future price action. Moving forward, the analyst has discussed XRP’s price movements on the Korean won chart, suggesting that its current action may be foreshadowing upcoming events. He pointed out that the altcoin has already formed a lower low on the chart, possibly hinting at a more controlled pullback rather than an impulsive decline — an outlook he described as “arguably bearish”. The crypto analyst also noted that XRP may be forming a potential bottom on the Korean won chart, indicating a possible impulse to the upside and a bullish continuation. Featured image from Adobe Stock, chart from Tradingview.com
China announced retaliatory tariffs on all goods, worsening risk sentiment during European hours.
Coinbase Derivatives has taken a major step toward expanding its crypto offerings by filing with the US Commodity Futures Trading Commission (CFTC) to launch an XRP futures contract. If the CFTC gives the green light, trading could begin as early as April 21, 2025. According to Coinbase Institutional, the proposal would allow the company to […]
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The exchange submitted a filing to the CFTC to list XRP futures.
Crypto exchange Coinbase Derivatives has filed with the CFTC to launch XRP and nano XRP futures, aiming to go live on April 21.
Data shows markets are pricing in four rate cuts in 2025 — 0.25 bps each in June, July, September and December. Rate cuts occur when a central bank, like the Federal Reserve, lowers interest rates to stimulate economic growth by making borrowing cheaper.
XRP is probing critical support levels as the cryptocurrency market struggles with chronic volatility. The digital asset currently trades at $1.98, a daily trading volume of $10.50 billion and market value of $115 billion. Over the last 24 hours, XRP has declined by 7.7%, which mirrors larger market trends. Related Reading: XRP’s Rise To Rarity: Only 1% May Afford It, Expert Says Bitcoin’s Roller Coaster Affects Altcoin Market Bitcoin’s recent price move to $81,700 and subsequent sharp pullback has sent ripple effects throughout other cryptocurrencies. The move has sent investors into fear, with pressure on XRP and other alternative digital currencies. Traders are now observing key price levels to see if support will break or hold. Macroeconomic Factors Add To Market Tension Political events are creating a second level of unpredictability in the prices of cryptocurrency. In its report, agreed-on retaliatory tariffs by US President Donald Trump– with the aim to increase government revenues and establish what he calls “fairer international commerce” — have spurred fears of an impending trade war. These are some of the reasons behind today’s crypto market volatility. #XRP – April Candle Formation Forecast April is shaping up to be a dynamic month where we’ll see tests at both ends of the range. Here’s what to expect: 1⃣ Lows Testing: #XRP will likely revisit the lows around $1.90-$1.79—this will be a wicking process. 2⃣ Highs Testing:… pic.twitter.com/6RqfsLX5OS — EGRAG CRYPTO (@egragcrypto) April 2, 2025 Analyst Foresees Possible Test Of Lower Support In spite of the present downward pressure, one market observer envisions potential upside in the future. Crypto analyst Egrag Crypto predicts XRP will enter a testing period, possibly falling to the $1.90 to $1.79 levels before trying to move upward toward $2.80 to $3.00. According to this analysis, if prices hit the anticipated bottom, a rally of as much as 70% might ensue. Lull Period Pre-Surge The price history of the cryptocurrency depicts cycles of protracted periods of quietness preceded by explosive bursts. With recent market conditions contributing to a perfect storm of inputs, investors are closely watching price charts for subtle early indications of XRP’s next big move. RP has tended to catch investors off guard with unanticipated action, and April could be a decisive month for the coin. Traders are bracing for a few different scenarios: more consolidation, a breakout, or a sudden market change. Related Reading: XRP To $27 In 60 Days? Analyst Sees Deja Vu In Price Action April May Mark End Of Consolidation Meanwhile, several market watchers define XRP’s present trend as a period of consolidation that usually precedes considerable price action. According to analysts, this phase could end soon, potentially propelling XRP into more robust positive momentum. A final test around the $2 level may be used as a springboard for what some expect to be a major breakthrough. While near-term uncertainty exists, the long-term picture is cautiously optimistic from the perspective of market observers. Technical signals alongside economic fundamentals indicate a phase of heightened price activity in the next few weeks. Featured image from Gemini Imagen, chart from TradingView
XRP price started a fresh decline below the $2.050 zone. The price is now consolidating and might face hurdles near the $2.10 level. XRP price started a fresh decline below the $2.120 and $2.050 levels. The price is now trading below $2.10 and the 100-hourly Simple Moving Average. There is a short-term declining channel forming with resistance at $2.0680 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might extend losses if it fails to clear the $2.10 resistance zone. XRP Price Attempts Recovery XRP price extended losses below the $2.050 support level, like Bitcoin and Ethereum. The price declined below the $2.00 and $1.980 support levels. A low was formed at $1.960 and the price is attempting a recovery wave. There was a move above the $2.00 and $2.020 levels. The price surpassed the 23.6% Fib retracement level of the downward move from the $2.235 swing high to the $1.960 low. However, the bears are active below the $2.10 resistance zone. The price is now trading below $2.10 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.070 level. There is also a short-term declining channel forming with resistance at $2.0680 on the hourly chart of the XRP/USD pair. The first major resistance is near the $2.10 level. It is near the 50% Fib retracement level of the downward move from the $2.235 swing high to the $1.960 low. The next resistance is $2.120. A clear move above the $2.120 resistance might send the price toward the $2.180 resistance. Any more gains might send the price toward the $2.2350 resistance or even $2.40 in the near term. The next major hurdle for the bulls might be $2.50. Another Decline? If XRP fails to clear the $2.10 resistance zone, it could start another decline. Initial support on the downside is near the $2.00 level. The next major support is near the $1.960 level. If there is a downside break and a close below the $1.960 level, the price might continue to decline toward the $1.920 support. The next major support sits near the $1.90 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $2.00 and $1.960. Major Resistance Levels – $2.10 and $2.120.
On-chain data analytics firm Glassnode has identified an intriguing shift in retail investor preference, spotlighting XRP as a focal point of speculative interest. The findings, which come from Glassnode’s newly published report titled “Rippling Away,” reveal that while Bitcoin market indicators edge closer to a bearish zone, XRP has seen remarkable inflows of capital and user activity—albeit with signs of waning momentum. According to Glassnode’s report, Bitcoin has been consolidating between the $76,000 and $87,000 price range. Indicators such as the Realized Profit/Loss Ratio are showing “signs of near-term seller exhaustion but not yet a renewal of sustained bullish momentum.” Furthermore, a longer-term on-chain “Death-Cross” suggests the market’s current weakness could persist for some time. “Supply in loss remains elevated at 4.7M BTC,” the report states, underlining the depth of investor stress. These conditions, as Glassnode notes, paint a picture of “deepening bearish conditions” for the leading cryptocurrency. Retail Flocks To XRP In contrast to Bitcoin’s cautionary signals, Glassnode points to XRP as a proxy for heightened retail speculation this cycle. The report highlights: “For this cycle in particular, Ripple (XRP) has been a preferred asset for trade amongst retail investors, and studying its behavior can, therefore, serve as a proxy for measuring retail speculative demand.” Related Reading: XRP Price Prediction For April: Analyst Explains What To Expect From the 2022 cycle low, XRP’s daily active addresses have “jumped by +490%” on a quarterly average basis, while Bitcoin’s rose by only 10%. This sharp divergence underscores the retail community’s enthusiasm for XRP, which Glassnode views as indicative of broader speculative appetite in the market. The enthusiasm for XRP translated into a near-doubling of its Realized Cap—leaping from $30.1 billion to $64.2 billion during its rally from December 2024 to early 2025. Glassnode estimates that approximately $30 billion of this new capital came in over the last six months, pointing to a fresh wave of market participants. Alongside the short surge in capital flows, there’s been a rapid concentration of wealth in the hands of new investors,” the report explains. However, Glassnode also warns: “When viewed together with the heavy retail participation, this sharp uplift in new holders raises caution signs.” Related Reading: XRP Bull Cycle Could End If This Happens: Analyst Glassnode warns that these new investors are vulnerable to downside volatility, especially as XRP’s cost basis becomes more top-heavy. Thus, despite initial excitement, the report notes a cooling of speculative interest since late February 2025. Glassnode’s Realized Loss/Profit Ratio for XRP has declined steadily since January 2025, suggesting a slip in profitability and “waning confidence.” This might reflect a more fragile market structure, where large swaths of relatively new holders face mounting paper losses. “The XRP market is showing signs of a top-heavy structure, with many investors caught on a relatively high-cost basis,” the report adds. This fragility in XRP’s positioning could also imply broader caution for retail-driven altcoin markets. Overall, Glassnode’s latest research underscores the dichotomy in today’s digital asset landscape. While Bitcoin’s drift below $80,000 spurred increased losses for long-term holders, XRP’s meteoric rise and subsequent slowdown depict a market driven by short-term retail enthusiasm that may be approaching saturation. “For more speculative assets like XRP, demand may have already peaked,” the report concludes, “suggesting caution may be warranted until signs of a robust recovery start to emerge.” At press time, XRP traded at $2.00. Featured image created with DALL.E, chart from TradingView.com
The crypto market watches with bated breath as XRP teeters at $1.97, a battleground where bullish conviction clashes with bearish determination. After a retreat from recent highs, the digital asset now faces a critical test. The current standoff mirrors the broader tug-of-war in crypto markets, where sentiment shifts rapidly and key price levels dictate the next major move. For XRP, $1.97 isn’t just another number; it’s a line in the sand. A decisive hold here could reignite upward momentum, while a breakdown may embolden the bears. Market Sentiment: Fear, Greed, Or Indecision? According to Grumlin Mystery, a well-known crypto analyst, XRP is likely to experience a further downside in the near future, potentially dropping to $1.96. In his March 30th post on X, he highlighted that a decrease in liquidity within the crypto market is playing a crucial role in weakening XRP’s price stability, driven by the impact of US tariffs and the implementation of Trump’s policy changes. Related Reading: XRP Recovery Stalls—Are Bears Still In Control? Grumlin pointed out that restrictive trade policies and economic uncertainty have led to a slowdown in capital flow into riskier assets like cryptocurrencies. With reduced liquidity, market participants have less buying power, making it easier for bears to push prices lower. He warned that if these economic conditions persist, XRP could struggle to find strong support, and a drop below $1.96 could trigger further declines. This drying up of liquidity has allowed sellers to gain the upper hand, exerting downward pressure on prices. As a result, XRP’s ability to hold support at $1.96 remains uncertain, and unless market conditions improve, a deeper correction could be on the horizon. Grumlin Mystery further elaborated that a sharp change in Trump’s rhetoric regarding tariffs remains highly unpredictable, making it difficult to gauge its full impact on the financial markets, including cryptocurrencies. While many initially believed that Trump’s stance would be a major positive catalyst for the crypto market, the reality appears to be more complex. The analyst emphasized that market uncertainty is increasing as traders struggle to anticipate the next move in U.S. economic policy. If Trump maintains or intensifies his tariff approach, it could further tighten liquidity conditions, making it even harder for XRP to sustain bullish momentum. Possible Scenarios For XRP If buyers successfully defend the $1.96 level, XRP could see renewed upside momentum. A bounce from this support zone might trigger a rally toward $2.64, where the next resistance lies. A breakout above this level raises the potential to $2.92 or even $3.4, confirming a bullish recovery. Increased trading volume and improving market sentiment would be key indicators of this scenario playing out. Related Reading: XRP Price Prediction For April: Analyst Explains What To Expect Sellers’ failure to maintain control and XRP’s failure to hold above $1.96 may cause a sharper decline. In this case, the next critical support levels to watch would be $1.70 and $1.34. Breaking below these levels could expose the asset to more losses to $0.93 or lower. Featured image from iStock, chart from Tradingview.com
On-chain data shows Dogecoin and XRP have recently been seeing the sharpest decreases in Supply in Profit out of the major cryptocurrencies. Dogecoin & XRP Have Seen A Notable Drop In Profitability During Last 30 Days In a new post on X, the on-chain analytics firm Glassnode has discussed about the latest trend in the Supply in Profit for the major assets in the cryptocurrency sector. Related Reading: Bitcoin Fear & Greed Index Approaches Neutral As BTC Recovers To $85,000 The “Supply in Profit” here is an indicator that keeps track of the percentage of the total circulating supply of a given digital asset that’s being held at some net unrealized profit. The metric works by going through the transaction history of each coin on the network to see what price it was last moved at. If this previous transfer value of any token was less than the current spot price, then that particular coin is assumed to be sitting on a profit right now. The Supply in Profit adds up all coins of this type and determines what part of the supply that they make up for. An alternate indicator known as the Supply in Loss takes into account for the supply of the opposite type. The value of the Supply in Loss can also simply be calculated by subtracting the Supply in Profit from 100, as the total supply must add up to a 100%. Now, here is the chart shared by the analytics firm that shows the trend in the 7-day simple moving average (SMA) of the Supply in Profit for eight cryptocurrencies over the last few months: As is visible in the above graph, Toncoin (TON) and BNB (BNB) have seen the Supply in Profit go through a significant increase recently. Over the last 30 days, TON has seen an additional 23.8% of the supply get into the green, taking the total to a whopping 94.1%. Similarly, BNB has seen a rise of 17.4%, putting the metric at 86.3%. On the other end of the spectrum are Dogecoin (DOGE), XRP (XRP), and Solana (SOL), with each registering a notable decrease in the indicator. Below is a chart that filters out the other assets to focus on the curves for these coins. With the decrease, XRP has seen another 5.2% of its supply fall into a loss to take the total Supply in Profit to 81.5%. Dogecoin has seen an almost double digit decrease in the metric, but a majority of its coins are still above water as the indicator sits at 53.6%. Solana hasn’t been so lucky, however, as despite a decline of just 4.4%, only 35.2% of the the cryptocurrency’s supply is currently holding a gain. From one perspective, though, this development may not actually be so bad for SOL. Generally, profit-sellers are what impede bullish moves, but when there aren’t many investors left in gain anymore, the price tends to bottom out. Related Reading: Dogecoin Breaking These Levels Could Be The Catalyst For Next Bull Run, Analyst With Solana and even Dogecoin sitting on a relatively low level of profit supply, it’s possible that their prices could be near a rebound. DOGE Price At the time of writing, Dogecoin is floating around $0.173, down more than 11% over the last week. Featured image from Dall-E, Glassnode.com, chart from TradingView.com
A breakdown of the topping pattern could potentially halve prices to $1.07.
In a newly released chart, crypto analyst Egrag (@egragcrypto) reveals a XRP price prediction for April. While emphasizing that current market sentiment remains in what he calls a “boredom phase,” Egrag’s technical breakdown highlights several critical levels that may define the token’s trajectory this month. XRP Price Prediction For April Egrag’s chart, constructed on a monthly time frame (XRP/USDT), underscores an anticipated April candle that could see a substantial price swing. The visual forecast places XRP in a position where both upper and lower bounds may be “wick-tested” before the month concludes. According to the analyst, a potential downside wick may pull the price back into the $1.90–$1.79 region. Egrag describes this process as a short-lived “wick,” indicating that if XRP tests these lows, it may not spend significant time there. Related Reading: XRP Bull Cycle Could End If This Happens: Analyst On the other end of the spectrum, the chart suggests that a spike toward $2.80–$3.00 is also possible during April. Similar to the low-range testing, any move within this zone would likely form a wick, marking a brief probe of higher price territory. “We will also test the upper range at $2.80-$3.00, which will also be a wicking process,” the analyst states. One of the most striking points on the chart is a potential 62–70% rally measured from the lowest point of the downside wick (around the $1.79–$1.90 area). The analyst highlights that this upside, if materialized, could be swift once certain technical thresholds are broken. “We could see an upside of 62-70% from the lowest point of the downside wick,” Egrag writes. Several price notations on the chart (such as $2.00, $2.05, $2.17, and $2.44) hint that XRP may oscillate around the $2 handle. Egrag’s mentions the possibility of a final stop near $2 before a more explosive move: “After revisiting the $2 region one last time, we could see a significant blastoff in this cycle!” Related Reading: XRP MVRV Ratio Dips Below The 200-Day MA – Trend Shift Underway? Egrag also reiterates a theme he has mentioned in previous analyses: many market participants grew frustrated after the post-SEC-case price action failed to meet their expectations of an instant surge. The analyst attributes the current range-bound conditions to a “boredom phase” driven by waning interest and mental fatigue among traders. He warns that only “the mentally strong” will endure this period of minimal excitement and sideways trading. For those who remain confident in the broader utility of XRP, Egrag suggests that accumulating during these doldrums might be more beneficial than attempting to time every short-term fluctuation. “Do nothing except buy if you can, and sit on your ass. Do you really think XRP will change the world and they will give it to you on a golden plate? […] We are now in a phase where only the mentally strong will survive,” the analyst concludes. At press time, XRP traded at $2.1465. Featured image created with DALL.E, chart from TradingView.com
XRP price started a fresh decline below the $2.120 zone. The price is now consolidating and might face hurdles near the $2.10 level. XRP price started a fresh decline after it failed to clear the $2.2350 resistance zone. The price is now trading below $2.120 and the 100-hourly Simple Moving Average. There was a break below a short-term contracting triangle with support at $2.080 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might extend losses if it fails to clear the $2.120 resistance zone. XRP Price Trims Gains XRP price attempted a recovery wave above the $2.120 and $2.20 resistance levels, like Bitcoin and Ethereum. The price even spiked above $2.20 before the bears appeared. A high was formed at $2.2350 and there was a strong bearish reaction. The price dipped below the $2.150 and $2.120 support levels. There was a break below a short-term contracting triangle with support at $2.080 on the hourly chart of the XRP/USD pair. A new weekly low was formed at $1.9832 and the price is now consolidating losses. The price is now trading below $2.10 and the 100-hourly Simple Moving Average. There was a move above the 23.6% Fib retracement level of the downward move from the $2.235 swing high to the $1.983 low. On the upside, the price might face resistance near the $2.070 level. The first major resistance is near the $2.10 level. The 50% and 50% Fib retracement level of the downward move from the $2.235 swing high to the $1.983 low is also near the $2.10 level. The next resistance is $2.1750. A clear move above the $2.1750 resistance might send the price toward the $2.20 resistance. Any more gains might send the price toward the $2.2350 resistance or even $2.40 in the near term. The next major hurdle for the bulls might be $2.50. More Losses? If XRP fails to clear the $2.10 resistance zone, it could start another decline. Initial support on the downside is near the $2.020 level. The next major support is near the $2.00 level. If there is a downside break and a close below the $2.00 level, the price might continue to decline toward the $1.980 support. The next major support sits near the $1.950 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.020 and $2.00. Major Resistance Levels – $2.10 and $2.1750.
The XRP price is showing signs of a strong bullish reversal, with a crypto analyst predicting a potential rebound toward $3.5 and even higher. After experiencing significant volatility and undergoing a consolidation due to recent price declines, technical indicators now show support for XRP’s bullish outlook. As a result, the analyst has provided a short—and long-term price target for the cryptocurrency. XRP Price Projected To Reverse To $3.5 According to ‘Setupsfx’, a crypto analyst on TradingView, XRP is now in a bullish reversal phase, meaning its price is expected to break out of its recent downturn and rise to new highs. Based on the expert’s chart analysis of XRP, the cryptocurrency is predicted to see an explosive increase to $3.5 following the end of its consolidation phase. Related Reading: XRP Price Breakdown below $2: Analyst Reveals Next Major Support The chart indicates that the price of XRP is expected to rise to $3.5 in the coming months. However, from a fundamental analysis perspective, the analyst believes XRP is not limited to this bullish price target and could potentially surpass it to exceed current all-time highs of $3.84. While the TradingView expert’s analysis of XRP maintains a neutral stance, implying uncertainty in the trend, he has also emphasized the cryptocurrency’s strong potential for growth. Hence, XRP could experience significant upward movement if market conditions align favorably and investor sentiment and confidence strengthen. For his short-term price target, the crypto analyst forecasts that XRP could rally to a level above $3.5. He advises traders who intend to hold their positions for a short period to aim for this price level, as it could be a strategic exit point before a potential pullback. Notably, the analyst’s long-term price target for XRP has been set at $4.0 or higher. Considering XRP’s price is currently trading at $2.09, a surge to $4 would represent an almost 100% increase in its price. Technical Elements Supporting Bullish Reversal In his chart analysis, Setupsfx highlights XRP’s price action in a 12-hour time frame, showcasing key movements, trends, and technical elements that support his bullish projection. These elements include liquidity and IMB zones, which are areas where price action is expected due to pending orders. Related Reading: XRP Price To $110? Bollinger Bands Creator Reveals Why It Will Become A Market Leader The analyst also highlights an accumulation phase, as XRP has been consolidating at lower levels, signaling the possibility of a potential breakout. The appearance of strong low wicks further indicates that buyers are regaining control of the market. Finally, the TradingView analyst has indicated that the altcoin has already undergone a three-point trendline rejection, which means it has tested and rejected a resistance level multiple times. The expert’s price chart also provides an ideal entry point for both short and long-term traders, marked at $1.8. A stop loss has also been placed significantly lower around $1.2 to minimize potential losses. Featured image from iStock, chart from Tradingview.com
XRP holders may see huge profits if they can hold on through tough economic times, according to one crypto academy founder. Edoardo Farina of Alpha Lions Academy claims that soon, only the wealthiest 1% of investors will be able to afford XRP tokens as everyday people sell their holdings to cover basic expenses. Related Reading: XRP To $27 In 60 Days? Analyst Sees Deja Vu In Price Action Economic Pressures Force Retail Investors Out According to Farina, global economic conditions have gotten much worse since 2019. People around the world are struggling with high inflation and rising costs that outpace wage increases. These pressures have forced many crypto owners to sell their digital assets, including XRP, just to pay for food and housing. Credit card debt and late payments have hit record levels, Farina noted. For people living paycheck to paycheck, buying cryptocurrencies like XRP has become a luxury they simply can’t afford anymore. This trend has pushed retail investors out of the market, leaving big institutions to take over. Only 1% Will Be Able to Afford $XRP Soon The cost of living is exploding. Most investors are drowning in debt and being forced out of the crypto markets. HODL strong, XRP community, our time is coming. ⚔️ pic.twitter.com/BHMtltavPM — EDO FARINA ???? XRP (@edward_farina) March 23, 2025 Big Financial Players Buying XRP While Public Sells As everyday investors exit, Farina claims large financial institutions are buying up XRP in large amounts. These big players are betting on the altcoin’s long-term value in what they see as the future financial system. The order books for XRP are now five times smaller than in previous market upswings, which Farina says shows fewer retail investors remain active. This shift could dramatically change the supply and demand balance for XRP, potentially driving prices to new heights. With fewer holders and less market liquidity, those who keep their crypto might see massive gains. XRP market cap currently at $123 billion. Chart: TradingView.com Central Bank Digital Currencies Could Boost XRP Value Farina pointed to central bank digital currencies (CBDCs) as another factor that could drive the altcoin’s price up. European CBDCs, like a digital euro, could launch by 2025. The XRP Ledger might become a major part of the CBDC system, Farina believes. He mentioned that Montenegro has already tested the XRP Ledger successfully. Once the digital euro goes live on the Ledger, Farina expects XRP prices could explode. He compared this to what happened with Stellar (XLM) when Ukraine announced plans to build their CBDC on Stellar’s blockchain last year. XRP holders might see similar gains if such announcements happen, Farina suggested. Related Reading: Pepe Whale Triggers Panic, Dumps 150 Billion Tokens As Price Falls Tough Road Ahead But Big Rewards Possible While Farina paints a difficult picture for average investors, he believes those who hold onto their altcoins through these challenges could see extraordinary returns. His bold predictions include XRP potentially reaching $100 or even $1,000 per token. According to Farina, the number of XRP holders will drop significantly by the time these price targets are reached. For the small group of investors who manage to keep their holdings, the future could bring remarkable wealth. Featured image from Gemini Imagen, chart from TradingView
XRP has been consolidating within the pattern shown below, characterized by two converging trend lines that suggest a buildup of momentum.
XRP price started a fresh decline from the $2.20 zone. The price is now consolidating and might face hurdles near the $2.120 level. XRP price started a fresh decline after it failed to clear the $2.20 resistance zone. The price is now trading below $2.150 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2.120 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might extend losses if it fails to clear the $2.20 resistance zone. XRP Price Faces Rejection XRP price failed to continue higher above the $2.20 resistance zone and reacted to the downside, like Bitcoin and Ethereum. The price declined below the $2.150 and $2.120 levels. The bears were able to push the price below the 50% Fib retracement level of the recovery wave from the $2.023 swing low to the $2.199 high. There is also a connecting bearish trend line forming with resistance at $2.120 on the hourly chart of the XRP/USD pair. The price is now trading below $2.150 and the 100-hourly Simple Moving Average. However, the bulls are now active near the $2.10 support level. They are protecting the 61.8% Fib retracement level of the recovery wave from the $2.023 swing low to the $2.199 high. On the upside, the price might face resistance near the $2.120 level and the trend line zone. The first major resistance is near the $2.150 level. The next resistance is $2.20. A clear move above the $2.20 resistance might send the price toward the $2.240 resistance. Any more gains might send the price toward the $2.2650 resistance or even $2.2880 in the near term. The next major hurdle for the bulls might be $2.320. Another Decline? If XRP fails to clear the $2.150 resistance zone, it could start another decline. Initial support on the downside is near the $2.10 level. The next major support is near the $2.0650 level. If there is a downside break and a close below the $2.0650 level, the price might continue to decline toward the $2.020 support. The next major support sits near the $2.00 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.10 and $2.050. Major Resistance Levels – $2.120 and $2.20.
The XRP price fell as low as $2.0238 on Monday, potentially forming a local bottom. Since then, the XRP price is up almost 6%, however, the possibility of a deeper retracement remains. Two prominent chartists—CasiTrades (@CasiTrades) and Charting Guy (@ChartingGuy)—have shared their perspectives on whether the token has found its local bottom or if further downside might still be on the table. Is The XRP Price Bottom In? According to CasiTrades’ newly published chart, XRP appears to have tested the 0.786 Fibonacci retracement at $2.05 and is now showing bullish divergences across multiple timeframes—from the 15-minute all the way to the 4-hour chart. CasiTrades notes that these signals are a positive indicator both for short-term bounces and a potential macro recovery. “Was that the bottom for XRP? After reaching the .786 retrace at $2.05, #XRP is printing bullish divergences from the 15min all the way up to the 4hr chart. That’s the kind of signal we want to see for both short-term bottom and macro! The bounce is holding so far! CasiTrades notes. Related Reading: XRP Bull Cycle Could End If This Happens: Analyst The analyst also points to key resistance at $2.25, suggesting that a convincing break above this level with strong momentum would likely negate the need for another retest of support. “If we break above $2.25 with strong momentum, that would invalidate the need for another support retest—a very bullish sign, CasiTrades writes, adding “$2.00–2.01 remains a support if the $2.05 doesn’t hold.” Moreover, she highlights a Fib Time Zone 3 that could span the entire month of April, forecasting a “bullish window” for XRP. According to the chart, once price meets its target, a larger impulse to the upside may follow, with potential resistance lining up at $2.70 and $3.80+. Related Reading: XRP MVRV Ratio Dips Below The 200-Day MA – Trend Shift Underway? Meanwhile, Charting Guy addressed that market chatter has surfaced about a possible head and shoulders pattern on the XRP chart, with a projected breakdown target near $1.15. While acknowledging this bearish formation as a possibility, Charting Guy believes it is unlikely to play out, describing the pattern as “irregular and ugly.” He maintains that XRP’s overall trend is still biased to the upside, characterized by higher highs and higher lows.“ A lot of people are posting this possible head and shoulders that targets $1.15. I personally don’t think it plays out, but it’s a possibility. If it does happen, it’s just a golden pocket backtest and the chart remains bullish overall,” he says. Charting Guy draws attention to the $1.70–$1.90 zone that has repeatedly caught wicks in previous pullbacks, with daily closes managing to reclaim $2 or above. He believes that a final corrective dip to fill the March 11 wick lows—potentially down to around $1.90—could mark the end of the current retracement. Additional support levels are located at the weekly Ichimoku base line at $1.94, the Weekly Supertrend at $1.73 and at the Weekly EMA Ribbon between $1.46 – $1.93. At press time, XRP traded at $2.14. Featured image created with DALL.E, chart from TradingView.com
Recent XRP price action has sparked a new prediction from a crypto analyst, as a potential Head and Shoulders pattern emerges on the chart. The analyst warns that this technical formation could trigger a significant price correction for XRP, describing this downturn as the worst-case scenario. Analyst Predicts XRP Price Crash To $1.15 The ‘Charting Guy,’ a pseudonymous crypto analyst on X (formerly Twitter), has unveiled a potential Head and Shoulder pattern formation on the XRP price chart. The analyst has shared insights into the implications of this technical pattern, projecting a potential crash in the XRP price. Related Reading: XRP Price Breakdown below $2: Analyst Reveals Next Major Support As a well-known bearish reversal pattern, the formation of a Head and Shoulder in the XRP price chart suggests a potential shift from an uptrend to a downtrend. Typically, a Head and Shoulder pattern consists of three peaks: the Left Shoulder, Head, and Right Shoulder. However, the Charting Guy has confirmed that XRP’s current pattern formation consists of two right shoulders and one head. Due to this irregularity, the analyst has expressed doubt about the possibility of the pattern playing out. If the Head and Shoulder pattern eventually takes shape, it could lead to a significant drop in the XRP price, potentially bringing it down to as low as $1.15. This price level aligns with a key Fibonacci Golden Pocket retracement zone between 0.618 – 0.786. Notably, the analyst has described this projected price crash as the worst-case scenario for XRP. While he believes a bearish move is possible, the analyst is confident that XRP’s broader market structure is bullish. Moreover, the Charting Guy argues that if XRP does decline to $1.15, it would likely serve as a healthy retracement in an overall bullish trend. He noted that XRP’s price has been holding the $2 level on daily closes, meaning its price action remains strong above support levels. This also indicates the possibility of an uptrend resumption that could yield higher highs and higher lows for XRP. Key Support And Resistance Levels To Watch The Charting Guy’s analysis of XRP’s potential Head and Shoulder pattern formation highlights several critical price levels to watch. Since XRP has consistently closed daily candles above $2, the analyst has determined this level as short-term support. Related Reading: XRP Price Set To Begin Part 2 Of Bullish Wave 5 Movement, Here Are The Targets XRP has also been wicking during recent pullbacks in a crucial range between $1.7 and $1.9. As a result, the crypto analyst has revealed that he will be watching this area closely for a potential price bounce. The Golden Pocket retracement zone, which represents the worst-case scenario for the XRP price, is between $1.15 and $1.30. If XRP experiences a deeper price correction, lower support levels have been marked from $1.19 to $0.91. For its resistance levels, the Charting Guy has pinpointed $2.27 as a key price point. Additionally, $3.14 – $3.32 has been identified as an upper resistance range where XRP could rally if bullish momentum resumes. Featured image from Medium, chart from Tradingview.com
Whispers of a potential big jump for XRP are circulating, with one analyst suggesting it could hit $27 by June. This prediction hinges on a look back at how XRP has behaved in the past. The crypto market has been a bit bumpy lately, and XRP has felt that too, much like other digital coins. Related Reading: Pepe Whale Triggers Panic, Dumps 150 Billion Tokens As Price Falls Echoes From The Past Crypto analyst Egrag Crypto is pointing to a recurring pattern in XRP’s price history. He sees similarities between the current market situation and what happened back in 2017 and 2018, during a major crypto boom. If this pattern plays out again, XRP could see a massive increase in value. We’re talking about a possible rise of around 718% from where it is now. #XRP – $27 In 60 Days!!!!! Historical Patterns Indicate It Can Be Done in 60 Days! ???????? What’s your take on the current market sentiment? ???? Are you feeling #Bearish or #Bullish? ???????? I’d love to hear your thoughts—drop your comments below! ???????? pic.twitter.com/kDSAo8rENt — EGRAG CRYPTO (@egragcrypto) March 31, 2025 Key Numbers To Watch For this prediction to even start looking real, XRP needs to break through some important price points. The immediate challenges are around $2.62 and then $3.0. After that, the report highlights $3.4 as a really crucial level. Getting past these numbers could signal that the upward trend is gaining strength. The analyst also suggests that if XRP does climb significantly, the area around $9.7 might be a good place for people to take some profits before aiming for the ambitious $27 target. What Could Fuel The Rise At the time of writing, XRP was trading at $2.15. The altcoin was up nearly 4% in the last 24 hours, but sustained a 12% drop in the last week, data from Coingecko shows. Meanwhile, several things could help push XRP towards that $27 mark. More people buying in would be among the factors. Related Reading: Could XRP Actually Reach $10,000? Expert Weighs In Positive news on regulations and geopolitical tensions may also come into play. And of course, if the whole crypto market begins to rise, that wave may also lift XRP. There’s a lot to take into account, and the world of crypto is all about the rollercoaster ride. Only time will tell if history will indeed repeat itself here. Featured image from Gemini Imagen, chart from TradingView
XRP has been navigating a volatile consolidation phase since late January, shedding over 40% of its value from its most recent all-time high. While the broader crypto market has struggled under the weight of macroeconomic uncertainty, XRP has managed to outperform many altcoins during this downturn. Several major altcoins have lost more than 60% of their value during the same period, highlighting XRP’s relative strength despite the ongoing correction. Related Reading: Chainlink Weekly Indicator Flashes Buy Signal – Can Bulls Hold $13.20 Support? Global financial markets remain under pressure, with inflation concerns, geopolitical tensions, and interest rate uncertainty fueling a risk-off environment. These macro factors continue to ripple through the crypto space, dragging down sentiment and slowing momentum across most digital assets. However, on-chain data from Santiment has revealed an interesting development for XRP. The MVRV (Market Value to Realized Value) Ratio has just dipped below its 200-day moving average — a crossover that historically signals a potential macro trend shift. This could be an early indication of a possible accumulation phase or a deeper correction, depending on how price reacts in the coming weeks. With volatility high and sentiment mixed, XRP’s ability to hold its ground and respond to key on-chain signals will be crucial in determining its next move. XRP Holds Above $2 as Market Tension Builds XRP is currently facing a crucial test as it hovers just above the $2 mark — a key psychological and structural support level. Analysts warn that if this level fails to hold, it could trigger a steep correction and send XRP into a deeper downtrend. The market is on edge, with sentiment growing increasingly split and volatile. Some investors remain optimistic, arguing that XRP is positioned to reclaim its range highs once macro conditions stabilize and market confidence returns. They point to XRP’s relative strength in recent months compared to other altcoins, believing that any recovery across crypto could quickly lift XRP back into its previous trading range. However, others are more cautious, pointing to weakening momentum and uncertain price structure. A growing number of analysts believe XRP may be entering a new bearish phase, particularly if the $2 support fails. Adding to this tension, top analyst Ali Martinez shared insights on X highlighting a key on-chain development: the XRP MVRV (Market Value to Realized Value) Ratio has dipped below its 200-day moving average. Historically, this crossover has signaled a potential macro trend shift in price action. While not inherently bearish, it often precedes major directional moves — up or down. As XRP teeters on the edge, this MVRV signal may prove crucial in determining the next leg. If bulls can hold $2 and reclaim momentum, XRP could recover swiftly. If not, a bearish outlook could materialize quickly. The coming days may define the trajectory of XRP for the rest of the quarter. XRP Bulls Fight to Hold Key Support XRP is trading at $2.13 after several days of sustained selling pressure, marking a decline of over 21% since March 19. The recent downturn has put bulls on the defensive, with the $2 level now acting as a critical support zone. If XRP fails to hold above this mark, it could confirm a shift toward a bearish trend and open the door to further downside in the short term. For bulls to regain momentum, defending $2 is essential — but holding support alone won’t be enough. XRP must also reclaim the $2.40 resistance level, which has acted as a ceiling during recent attempts to break higher. A successful move above $2.40 could reignite bullish sentiment and potentially push XRP toward new all-time highs. However, the broader market remains fragile, and investor confidence is shaky amid macroeconomic uncertainty. A breakdown below $2 would likely trigger increased selling pressure and confirm that the recent upswing was only a temporary bounce within a larger corrective structure. Related Reading: Dogecoin Holds Key Support: A Demand Spike Could Trigger A Rally The coming days are critical for XRP. Whether bulls can defend $2 and begin a recovery, or if bears take control, will determine the next direction of the trend. Featured image from Dall-E, chart from TradingView
XRP price started a fresh decline below the $2.080 zone. The price is now recovering some losses and might face hurdles near the $2.150 level. XRP price started a fresh decline after it failed to clear the $2.20 resistance zone. The price is now trading below $2.120 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2.10 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might extend losses if it fails to clear the $2.150 resistance zone. XRP Price Faces Resistance XRP price failed to continue higher above the $2.20 resistance zone and reacted to the downside, like Bitcoin and Ethereum. The price declined below the $2.150 and $2.10 levels. The pair even declined below the $2.050 zone. A low was formed at $2.023 and the price is now attempting a recovery wave. There was a move above the $2.050 level. The price cleared the 23.6% Fib retracement level of the recent decline from the $2.215 swing high to the $2.023 low. The price is now trading below $2.120 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.10 level. There is also a connecting bearish trend line forming with resistance at $2.10 on the hourly chart of the XRP/USD pair. The trend line is near the 50% Fib retracement level of the recent decline from the $2.215 swing high to the $2.023 low. The first major resistance is near the $2.150 level. The next resistance is $2.1680. A clear move above the $2.1680 resistance might send the price toward the $2.20 resistance. Any more gains might send the price toward the $2.220 resistance or even $2.250 in the near term. The next major hurdle for the bulls might be $2.2880. Another Decline? If XRP fails to clear the $2.120 resistance zone, it could start another decline. Initial support on the downside is near the $2.050 level. The next major support is near the $2.020 level. If there is a downside break and a close below the $2.020 level, the price might continue to decline toward the $2.00 support. The next major support sits near the $1.880 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $2.050 and $2.020. Major Resistance Levels – $2.120 and $2.150.
An analyst has pointed out how XRP and three other altcoins look like they share a similar technical analysis (TA) fate. Here’s what could be in store for these assets. TA Patterns Are Pointing At Same Outcome For Four Altcoins In a new post on X, analyst Ali Martinez has pointed out a commonality that may be present among XRP (XRP), Ethereum Classic (ETC), Bitcoin Cash (BCH), and yearn.finance (YFI). Related Reading: Bitcoin Weekly Preview: Tariffs, Whales, And Volatility Ahead The similarity lies in the signal that TA is giving on the price charts of each of these altcoins. Here are the graphs the analyst shared, showing the patterns: The first chart (top left) highlights the trend in the 1-day price of XRP, the fourth largest cryptocurrency by market cap. It would appear that the asset has possibly been forming what’s known as a head-and-shoulders pattern. This pattern forms when an asset’s price shows three peaks following a sharp surge, with the inner and outer peaks being similar in scale (the shoulders), and the middle one the largest (the head). The formation also involves one other feature: a support trendline that facilitates the formation of the different peaks. From the graph, it’s apparent that XRP is currently retesting this support line, after forming its third peak (the right shoulder). The head-and-shoulders generally signal a reversal of trend, so it’s possible that the coin may end up failing this retest and a sharp plunge would follow next. Bitcoin Cash, the bottom right chart, is also making a retest of what could be an important support line. In this case, the trendline is the lower one of a symmetrical triangle. The symmetrical triangle occurs when an asset finds itself consolidating between two trendlines that converge at a roughly equal and opposite slope. This means that as the price travels inside the channel, the distance between its tops and bottoms progressively becomes narrower. The upper channel provides resistance and the lower one provides support, but as the consolidation gets very narrow (that is, the price approaches the apex of the triangle), a breakout can become likely. Recently, Bitcoin Cash has come quite close to the triangle’s end, so it’s possible that an escape may be happening soon. As BCH is retesting the lower trendline right now, it’s possible that this break could happen towards the downside. Such a breakout, if one happens, could be a bearish signal for the coin, just like the one for XRP. Related Reading: Could XRP Actually Reach $10,000? Expert Weighs In The other two altcoins, Ethereum Classic (top right) and yearn.finance (bottom left), are both near the bottom line of a parallel channel. In this pattern, consolidation occurs between two parallel trendlines. It’s possible that support might end up holding for these coins, just like it has in the past, but given the fact that they have been trading inside the channel for a couple of years now and that a shift toward a bearish mood has taken place in the sector, a breakout to the downside may be coming. It now remains to be seen if XRP and the other altcoins will end up following in the trajectory that TA has been hinting at or not. XRP Price At the time of writing, XRP is trading around $2.06, down over 16% in the last seven days. Featured image from Dall-E, charts from TradingView.com