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XRP has shown some interesting price movements over the past 24 hours, with increased trading activity catching the attention of traders. Even though volume is down 6%, it's holding up better than Bitcoin, where trading volume has dropped by 37%. Recently, XRP dropped to a key support zone between $1.95 and $2.10.
XRP price started a fresh decline below the $2.20 zone. The price is now showing a few bearish signs and might decline below the $2.050 level.
XRP is currently trading at $2.19 after a modest recovery from yesterdays dip, but the asset remains under pressure as it hovers dangerously close to the critical $2.00 support level. Earlier this week, XRP briefly touched $2, raising concerns among investors.
Ethereum has struggled throughout the year, with network stagnating amidst poor leadership concerns.
The cryptocurrency market was in the red on Monday, with Bitcoin (BTC) continuing its fall over the weekend. The crypto market's downturn is being driven by weak demand in spot markets and a clear shift toward derisking, with traders hesitant to take new positions.
XRP price is holding firm above $2 as traders position for a potential rebound, with derivatives data hinting at bullish momentum for the week ahead. Ripple (XRP) Holds Firm Above $2 as Markets Await Clarity Ripple (XRP) has endured volatile price action over the past week.
XRP and BTC fall under pressure amid trade tensions and inflation fears. XRP's recovery may depend on SEC transparency and ETF momentum.
After a slight recovery from yesterday's decline, XRP is currently trading at $2.19, displaying concerning weakness as the asset teeters perilously close to the $2.00 threshold. Earlier this week the asset dropped as low as $2, and although today's recovery may provide a brief sense of relief, the bigger picture is still precarious.
Crypto users are backing a spot XRP ETF approval on Polymarket as odds soar past 85%. Anticipation for altcoin ETFs has dominated the market since Donald Trump's election victory in November 2024.
Ripple recently faced rejection at the 100-day MA of $2.5, leading to a substantial decline. However, the price is now approaching a confluence of key support zones, increasing the likelihood of consolidation in the mid-term.
A new partnership between Ripple and Chipper will make sending money across Africa easier than ever. On March 27th, both companies announced their partnership to improve cross-border transactions within Africa.
Made in USA coins are showing mixed signals as April begins, with XRP, SUI, and Pi Network (PI) standing out. XRP leads in market cap but also posted the biggest drop among the top 10, down 10.6% this week.
Perhaps the verdict did not have the intended effect.
The crypto market is mostly in the red zone today, according to CoinStats.
As XRP consolidates above $2 following a massive capital outflow on the weekly timeframe, the asset's technical indicators suggest that historical patterns hint at a new record high.
Ripple's USD-pegged stablecoin, RLUSD, has hit a market cap of $170 million, eyeing the top five spot among stablecoins in the crypto industry. According to the company's latest report, the stablecoin outpaced the company's internal projections when it hit the new market cap record.
XRP has continued to exhibit frailty, experiencing a sharp decline on Friday amid a broader cryptocurrency market pullback.
XRP, currently the fourth largest cryptocurrency, has made what might be deemed a "key reversal" after posting five straight days of falling. XRP bounced from the key $2 level, which is currently decisive for its price action.
XRP Turbo (XRT) is transforming DeFi with AI-driven automation, liquid staking, and RWA tokenization on the XRP Ledger.
XRP is currently trading at $2.16 with a market cap of $125 billion and a 24-hour global trade volume of $2.76 billion, fluctuating within an intraday range of $2.09 to $2.21, sitting 36.4% below its all-time high. XRP The 1-hour chart reflects a consolidation phase, with XRP stabilizing around the $2.16 mark.
Crypto analyst Egrag Crypto has again provided a bullish outlook for the XRP price. This time, he alluded to historical trends to explain why the altcoin can hit a new all-time high (ATH) in 90 to 120 days.
XRP — the third-largest cryptocurrency by market capitalization as things stand — could be gearing up for an interesting move, one that traders watching the charts might want to pay attention to. This is not just a random guess — it's something even Bollinger Bands, a popular yet often misinterpreted technical analysis tool, are suggesting.
The last few days of March have brought a sharp decline to the crypto market. The rising tariffs set by President Trump for April 2 along with strong core PCE data, have triggered a severe market drop.
XRP rallies 4% as bulls eye $2.30, but key resistance and weak momentum signal caution. Can Ripple's token sustain upward pressure? Read the latest outlook. The post Ripple's XRP Eyes $2.30: Can the Bulls Maintain Momentum? appeared first on Cryptonews.
