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news-imageMarch 31, 2025

XRP funding rate flips negative — Will smart traders flip long or short?

On March 19, Ripple CEO Brad Garlinghouse announced that the company had been cleared by the US Securities and Exchange Commission regarding an alleged $1.3 billion unregistered securities offering. Following the news, XRP (XRP) surged to $2.59, but the gains gradually faded as the cryptocurrency experienced a 22% correction, dropping to $2.02 by March 31.Investors worry that a deeper price correction is imminent, as XRP is trading 39% below its all-time high of $3.40 from Jan. 16.
Publisher: Cointelegraph
Sentiment: Neutral
XRP

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Negative
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XRP's Worst-Case Scenario Could See a Drop to $0.30

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Negative
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XRP Nears Critical Support as Price Drops Toward 200 EMA

XRP is currently trading around $2.09, down 2.24% on the day, and approaching a critical technical support level at the 200-day Exponential Moving Average (EMA), near $1.94. This zone has historically served as a strong support area, and a decisive breakdown could trigger a steeper correction.

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