Can XRP Overcome Resistance, or Is a Drop to $2 Next?
XRP, one of the top altcoins by market cap, held steady around $2.35 on March 27, despite mounting selling pressure.
Traders have poured nearly $400 million into short positions over the past month, creating a barrier that has kept the price from breaking higher. With April approaching, the question is whether XRP can overcome this resistance.
Recent gains were fueled by the SEC dropping its case against Ripple, but expectations of a quick sell-off proved wrong. Instead, market confidence remained intact, supported in part by geopolitical developments, including Trump’s proposed auto tariffs. Brief dips to $2.30 were quickly bought up, reinforcing support at current levels.
However, data from Coinglass reveals a heavy short presence at $2.60, where bears have placed $244 million in bets against a breakout. Each attempt to push higher has triggered renewed selling, making this a crucial price zone to watch. For XRP to rally past $3, buying pressure needs to overpower these bearish positions.
Technical indicators suggest a battle ahead. The 50-day moving average at $2.52 is a key resistance point, while momentum signals, including a weakening MACD and a bearish Parabolic SAR, hint at fading strength.
If XRP can hold above $2.40, it might gain enough momentum to challenge $2.60. A failure to do so could see it drop toward $2.00, with a further decline to $1.76 possible if selling pressure intensifies.
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XRP is currently navigating a pivotal moment, according to a new report from crypto analytics firm MakroVision. While the broader downward trajectory hasn’t reversed, the asset appears to be entering a phase of consolidation. Analysts at MakroVision highlight that XRP is struggling to decisively move beyond a key resistance zone between $2.19 and $2.30. This […]
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Analysts are making bold predictions about XRP’s future, with XRP Captain suggesting it could hit triple digits this cycle, though he provided no clear timeline or catalyst. Egrag Crypto expects XRP to reach double digits now and triple digits in the next cycle, while Dark Defender sees a potential surge to $333 if history repeats. […]
Is XRP on the Verge of a Massive Breakout?
XRP has been struggling to gain momentum, following the broader decline in the cryptocurrency market after the recent White House Crypto Summit. While price action remains volatile, analysts believe the token still holds significant long-term potential. Some experts suggest that XRP could replicate its historic bull run from 2017-2018, when it skyrocketed over 700%. If […]
XRP Targets $10 Amid Consolidation, Key Resistance Levels in Focus
XRP‘s recent bullish momentum has stalled, with the token now entering a consolidation phase. Despite showing signs of potential growth, it has yet to gain the fundamental push needed for a sustained rally. Analysts, however, believe that breaking key resistance levels could pave the way for significant price milestones, with targets as high as $10 […]
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XRP Stuck Between Key Levels as Market Awaits Breakout or Breakdown
14.04.2025 19:00 1 min. read -
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XRP Targets $10 Amid Consolidation, Key Resistance Levels in Focus
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